Skip to content
Enterprise Applications Series A Founded 2019

Teleo AI

Teleo AI provides AI-powered remote-controlled solutions for construction and mining equipment, retrofitting existing machines with technology that transforms them into connected devices operable from remote offices. The company's system enables workers to operate dozers and other heavy equipment from control centers, removing operators from hazardous environments while maintaining operational precision. Founded in…

📍 Palo Alto, United States · Mining Tech,

Funding snapshot

Last roundSeries A
Amount$7M
Date18 October 2024
Total raised$30M
Team size61

About

Teleo AI provides AI-powered remote-controlled solutions for construction and mining equipment, retrofitting existing machines with technology that transforms them into connected devices operable from remote offices. The company's system enables workers to operate dozers and other heavy equipment from control centers, removing operators from hazardous environments while maintaining operational precision. Founded in 2019 and headquartered in Palo Alto, Teleo AI has raised approximately $29.8M in Series A funding from investors including UP.Partners, F-Prime Capital, Trucks Venture Capital, Y Combinator, K9 Ventures, and Trousdale Ventures. The company employs 61 people and addresses labor shortages and safety concerns in construction and mining by enabling experienced operators to control multiple machines remotely, potentially improving productivity while reducing exposure to dangerous working conditions on job sites.

Business model

Field Force Automation > Mining,

Mining Tech > Operations > Monitoring and Control > Retrofits For Vehicles > Remote Controlled,

Industrial Robotics > Tech Enablers > Software > Control System,

Construction Tech > Building Technology > Robotics > Autonomous Vehicles > Retrofit,

Y Combinator Batches > 2020 > Winter

Institutional investors

UP.Partners Trucks Venture Capital F-Prime Capital K9 Ventures Y Combinator Trousdale Ventures Triatomic

Latest coverage

No articles yet.

Raising like Teleo AI?

Analyze your pitch deck before your next raise.

Analyze My Deck →