Teleo develops retrofit autonomy—called Teleo Supervised Autonomy—that converts bulldozers, wheel loaders, excavators, terminal tractors and other heavy equipment into remote‑operated and autonomous machines. The platform enables one operator in a central command center to supervise multiple machines simultaneously, locally or thousands of miles away. Teleo is expanding beyond construction into industries such as pulp and paper, logging, port logistics, munition clearing, agriculture, and is targeting airports, waste and recycling, logistics and warehousing. The company announced a global dealer partner network launched in 2023 with partners in the U.S., Canada, Europe, Australia, North Africa and the Middle East. Teleo says it recently received orders for 34 machines from nine new customers across new and existing industries. Since inception in 2019 the company has raised $29.8 million. Teleo offers equipment operations by turning existing construction and mining equipment into semi-autonomous robots using its Teleo Supervised Autonomy technology. The system lets contractors operate heavy equipment without an operator in the cab, enabling a single operator to control multiple machines from a remote desk. Led by CEO Vinay Shet, the company sells through multiple distribution channels, including partnerships with heavy equipment distributors. Teleo announced an official partnership with RDO Equipment Co., a major construction equipment and technology supplier and one of John Deere’s largest dealerships. The company plans to use newly raised capital to scale deployment of its product and to further invest in R&D focused on its Supervised Autonomy technology. The articles do not disclose operating metrics or prior financings beyond this round.

Total raised

$28M

Funding rounds

2

Latest round

Series A

Latest activity

Nov 2024