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Friday, April 19, 2024
HomeFinTechThruWave: Raises $6.4M in Seed Funding

ThruWave: Raises $6.4M in Seed Funding

Date:

  • ThruWave, a Seattle, WA-based developer of 3D millimeter wave (mmWave) imaging for supply chain and logistics, closed $6.4m in seed funding
  • Then the 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 has developed a high throughput X2 mmWave Imaging System that also provides supply chain visibility by enabling warehouse
  • Its 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

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