Teleo

Overview
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Construction Tech?
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Construction Robotics
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Teleo is a construction robotics company founded in 2019 that retrofits existing heavy construction and mining equipment to enable remote-operated and semi-autonomous functionality. The company's flagship product, Teleo Supervised Autonomy, can be installed on any make or model of heavy equipment, including dozers, loaders, trucks, and other machines that perform repetitive tasks. This technology allows operators to control multiple pieces of equipment from a remote command center, increasing productivity and safety while addressing the industry's labor shortage.

Teleo's system comprises proprietary software, a universal retrofit kit customized for each machine, a remote command center, and a robust mesh network for on-site connectivity. The retrofit kit includes high-dynamic range cameras and sensors that provide enhanced visibility and video footage in various conditions. Once retrofitted, the equipment can be operated remotely or set to semi-autonomous mode for certain tasks. The system brings the operator experience to the remote command center, replicating the sound and feel of in-person operation.

The company's approach aims to provide value to contractors immediately rather than waiting for full autonomy, which is still years away for the construction industry. Teleo's technology offers benefits such as increased site productivity, enhanced operational visibility through its data and analytics platform Teleo Insite, and potential cost savings with an expected payback period of less than a year. As of March 2023, Teleo has deployed its technology with several construction companies across North America.


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Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
Palo Alto CA USA
Founded year:
2019
Employees:
11-50
IPO status:
Private
Total funding:
USD 28.2 mn
Last Funding:
USD 7.0 mn (Series A; Nov 2024)
Last valuation:
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