{"id":522746,"date":"2021-08-04T06:33:40","date_gmt":"2021-08-04T10:33:40","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/trimble-launches-200-million-venture-fund\/"},"modified":"2021-08-04T06:33:40","modified_gmt":"2021-08-04T10:33:40","slug":"trimble-launches-200-million-venture-fund","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/trimble-launches-200-million-venture-fund\/","title":{"rendered":"Trimble Launches $200 Million Venture Fund"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">SUNNYVALE, Calif.<\/span>, <span class=\"xn-chron\">Aug. 4, 2021<\/span> \/PRNewswire\/ &#8212; Trimble (NASDAQ: TRMB) announced today the creation of Trimble Ventures, a venture fund focused on investing in early and growth-stage innovative companies that align with Trimble&#8217;s mission of transforming work in the agriculture, construction, geospatial and transportation industries.<\/p>\n<p>The fund will launch with\u00a0$200 million\u00a0allocated 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 bring unique value to partner companies by offering hands-on expertise and insights, industry experience and access to customers, markets and distribution.<\/p>\n<p>Trimble Ventures will deploy strategic capital to accelerate the growth of innovative companies and partners that complement Trimble&#8217;s products, technology platforms and support its customer&#8217;s work.\u00a0The 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.<\/p>\n<p>&#8220;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,&#8221; said <span class=\"xn-person\">Rob Painter<\/span>, Trimble&#8217;s president and CEO. &#8220;Innovation is a cornerstone for Trimble. By providing capital, industry expertise and broader access to markets for early and growth-stage companies, we can help them scale more rapidly. In addition, our partners can help extend Trimble&#8217;s platforms to better serve our collective customers. This is an exciting opportunity to accelerate innovation and effectively bring new solutions to our customers and industry.&#8221;<\/p>\n<p>Additional information on Trimble Ventures can be found at: <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3248645-1&amp;h=1031021094&amp;u=https%3A%2F%2Fventures.trimble.com%2F&amp;a=ventures.trimble.com\" rel=\"nofollow noopener\">ventures.trimble.com<\/a>.<\/p>\n<p>\n        <b>About Trimble<\/b>\n      <\/p>\n<p>Trimble is an industrial technology company transforming the way the world works by delivering solutions that enable our customers to thrive. Core technologies in positioning, modeling, connectivity and data analytics connect the digital and physical worlds to improve productivity, quality, safety, transparency and sustainability. From purpose-built products to enterprise lifecycle solutions, Trimble is transforming industries such as agriculture, construction, geospatial and transportation. For more information about Trimble (NASDAQ:TRMB), visit: <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3248645-1&amp;h=832661829&amp;u=http%3A%2F%2Fwww.trimble.com%2F&amp;a=www.trimble.com\" rel=\"nofollow noopener\">www.trimble.com<\/a>.<\/p>\n<p>GTRMB<\/p>\n<p>Media Contact:\u00a0<br \/><span class=\"xn-person\">Lea Ann McNabb<\/span><br \/>+1 408-481-7808<br \/><a target=\"_blank\" href=\"mailto:leaann_mcnabb@trimble.com\" rel=\"nofollow noopener\">leaann_mcnabb@trimble.com<\/a>\u00a0<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CL64140&amp;sd=2021-08-04\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/trimble-launches-200-million-venture-fund-301347758.html\">https:\/\/www.prnewswire.com\/news-releases\/trimble-launches-200-million-venture-fund-301347758.html<\/a><\/p>\n<p>SOURCE  Trimble<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=CL64140&amp;Transmission_Id=202108040630PR_NEWS_USPR_____CL64140&amp;DateId=20210804\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire SUNNYVALE, Calif., Aug. 4, 2021 \/PRNewswire\/ &#8212; Trimble (NASDAQ: TRMB) announced today the creation of Trimble Ventures, a venture fund focused on investing in early and growth-stage innovative companies that align with Trimble&#8217;s mission of transforming work in the agriculture, construction, geospatial and transportation industries. The fund will launch with\u00a0$200 million\u00a0allocated 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 bring unique value to partner companies by offering 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 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/trimble-launches-200-million-venture-fund\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Trimble Launches $200 Million Venture Fund&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-522746","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Trimble Launches $200 Million Venture Fund - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/trimble-launches-200-million-venture-fund\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trimble Launches $200 Million Venture Fund - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire SUNNYVALE, Calif., Aug. 4, 2021 \/PRNewswire\/ &#8212; Trimble (NASDAQ: TRMB) announced today the creation of Trimble Ventures, a venture fund focused on investing in early and growth-stage innovative companies that align with Trimble&#8217;s mission of transforming work in the agriculture, construction, geospatial and transportation industries. The fund will launch with\u00a0$200 million\u00a0allocated 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 bring unique value to partner companies by offering hands-on expertise and insights, industry experience and access to customers, markets and distribution. 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