ThruWave Raises $6.4M in Series Seed Funding Round
ThruWave, the pioneer of 3D millimeter wave (mmWave) imaging for supply chain and logistics, announced that it has closed $6.4 million in Series Seed funding to accelerate ThruWave’s ‘X-Ray Vision’ for supply chain and logistics.
ThruWave, the pioneer of 3D millimeter wave (mmWave) imaging for supply chain and logistics, announced that it has closed $6.4 million in Series Seed funding. The funding round was led by E14 Fund and Ubiquity Ventures, and joined by Root Ventures, Blue Sky Capital, WRF Capital, and Tsingyuan Ventures. In-Q-Tel, Inc., a not-for-profit strategic investor for United States Government agencies, joined the round as an investor and customer. ThruWave was additionally awarded a $750,000 Phase II Small Business Innovation Research (SBIR) grant from the National Science Foundation to accelerate the development of its unique millimeter wave technology.
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ThruWave’s high throughput X2 mmWave Imaging System provides unprecedented supply chain visibility by enabling warehouse and fulfillment center operators to see through packaging to the items inside. Unlike existing X-ray inspection systems, ThruWave’s sensors use human-safe millimeter waves to enable safe operation alongside human workers in busy warehouses and fulfillment centers. ThruWave’s analytics layer automatically interprets images to measure cube utilization, count items, and detect missing or damaged items, all at conveyor speed. ThruWave systems can automatically image and analyze up to 20,000 boxes per hour.
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“ThruWave makes the invisible visible,” said ThruWave founder and CEO Matt Reynolds. “Our sensors do what existing cameras can’t do – we see through cardboard boxes and plastic totes to look at the items inside. We also detect anomalies such as missing or damaged items. Our computer vision layer analyzes the images to extract critical process variables like item counts, or fill volumes. We enable our customers to dramatically improve accuracy and efficiency in their warehousing and order fulfillment operations.”
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