Trimble Launches $200M Venture Fund

Trimble has announced the creation of Trimble Ventures, a venture fund focused on investing in companies that work in the agriculture, construction, geospatial and transportation industries.

The fund will launch with $200 million allocated for investments and focus on companies with the potential for technology-enabled innovation and disruption in the digital transformation of the industries Trimble serves. In addition to an investment, Trimble Ventures will offer hands-on expertise and insights, industry experience and access to customers, markets, and distribution.

Trimble Ventures will deploy strategic capital to accelerate the growth of innovative companies and partners that complement Trimble's products, technology platforms, and support its customer's work. The fund will invest in early and growth-stage companies with technologies and solutions related to hardware and software applications; artificial intelligence; augmented, virtual and mixed reality; autonomy and robotics; blockchain; the Internet of Things (IoT) and analytics; and sustainability.

"We are focused on partnering with companies that are solving important problems in markets that align with our vision of transforming the way the world works," said Rob Painter, Trimble's president and CEO.