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Thread, which develops a platform to autonomously inspect utility assets, raises $15M

Posted on AllSides October 10th, 2023
From The Center

Thread (not to be confused with Threads), a startup developing a robotics platform to collect inspection data for utilities, today announced that it raised $15 million in a Series A funding round led by Badlands Capital with participation from Minnkota Power Cooperative, Generational Partners, Rosecliff Ventures, Excell Partners, Homegrown Capital and Kevin O’Leary’s Wonder Fund North Dakota. Joshua Riedy co-founded Thread several years ago with Jim Higgins, an aviator, and Travis Desell, a computer scientist. The three met at the University of North Dakota while creating software for FedEx, and...

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