Seegrid, a Findlay-based company that develops autonomous vehicles for handling materials in factories and warehouses, announced it closed on a $52 million funding round Tuesday.
The latest investment is part of a funding round first announced in March, when G2VP, a venture firm based in Menlo Park, Calif., put $25 million toward the company.
Seegrid plans to use the new funds to accelerate new product development, to finance potential acquisitions in the future and to grow its workforce. Already, the company reported a 35% increase in employee headcount for 2019 last December.
Founded in 2003, Seegrid’s technology was first created from research at the Robotics Institute of Carnegie Mellon University. The autonomous, vision-guided vehicles are meant to increase productivity, improve safety and reduce labor costs for manufacturing, warehousing and logistics.