Reinvesting for the Future

When a company is successful, it is usually due to its clientele as much as due to its product offering. Companies that keep their clients, that invest in their client’s needs, are the leaders in their field. By investing in the future of their customers, companies gain market share and financial success.
 
Trimble Inc. is having a good fiscal year. Here is a closer look at its Q2 2021 financials, with GAAP (generally acceptable accounting principles) revenue of $945.2 million, up 29% year over year, and non-GAAP revenue of $945.3 million, also up 29% year over year. Its annualized recurring revenue was $1.35 billion, up 11% year over year.
 
With this financial report came another announcement, the creation of Trimble Ventures, a venture fund focused on investing in early and growth-stage innovative companies that align with Trimble’s mission of transforming work in the agriculture, construction, geospatial and transportation industries.
 
The fund will launch with $200 million allocated 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 that complement Trimble’s products, technology platforms and support its customer’s work. The fund will invest in companies with technologies and solutions related to hardware and software applications; artificial intelligence; augmented, virtual and mixed reality; autonomy and robotics; blockchain; the IoT (Internet of Things and analytics; and sustainability.