THIRD WAVE AUTOMATION ANNOUNCES TECHNOLOGY PARTNERSHIP WITH THE RAYMOND CORPORATION TO SCALE PHYSICAL AI ACROSS RAYMOND LIFT TRUCK FLEETS
Publish Date: 2026-06-16 12:00:00
Source Domain: www.prnewswire.com
Shared autonomy and AI-driven lift truck automation to help customers improve throughput and operational flexibility
UNION CITY, Calif., June 16, 2026 /PRNewswire/ — Third Wave Automation (Third Wave) announced a technology collaboration with The Raymond Corporation, part of Toyota Material Handling North America (TMHNA) to launch and expand AI-enabled physical automation capabilities across select automated Raymond lift trucks.
The collaboration builds on several years of collaborative development and operational learning since 2021, backed first by investments from Toyota Ventures, Toyota’s early-stage venture firm, and followed by Woven Capital, Toyota’s growth fund. Raymond will offer Third Wave’s automation capabilities as part of its Raymond ecosystem, providing customers with a scalable path to improve warehouse performance through AI-first technology.
“The partnership with Raymond is a major step forward in expanding physical-AI automation on Raymond automated lift trucks,” said Arshan Poursohi, CEO of Third Wave Automation. “The combination of Third Wave software and Raymond’s best-in-class material handling equipment creates an unmatched automated solution, with substantial gains in throughput, flexibility, and safety.”
“We have been purposefully and thoughtfully integrating advanced technology and AI-driven capabilities across Raymond’s integrated ecosystem of solutions to help customers optimize workflows, improve visibility, and better connect their operations,” said Michael Field, chief operations officer, Toyota Material Handling North America. “Adding Third Wave’s technology to our Raymond lineup is a natural extension of that approach, enhancing the solutions available to our customers while supporting more connected, scalable warehouse operations and automating the right application where it makes sense.”
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