The rest of the startup universe may be struggling to raise funds, but it’s still a good time to get a robotic raise. Agtech is at the top of this list. The average age of farmers in the United States is 55 years old, and in recent times it has become increasingly difficult to find human assistance.
FarmWise has been doing this for a long time, having deployed its autonomous weeding robots to farms in California and Arizona over the past few years. The Central California-based company says its robots have logged 15,000 sales hours on vegetable farms, totaling about 450 million crop scans for its database.
The company today announced a $45 million investment led by Fall Line Capital and Middleland Capital. GV, Taylor Farms, Calibrate Ventures, Playground Global, SVG Ventures, and Wilbur Ellis have also entered Series B, bringing FarmWise’s total capital to $65 million to date.
The funding will be used to accelerate the firm’s research and development and roll out its existing product.
“We launched FarmWise with the belief that farmers must be provided with cost-effective, sustainable solutions to feed a growing world, and that AI is the ideal technology to make this a reality,” said co-founder and CEO Sebastian Boyer. release. “Due to rising costs in the agriculture industry, we continue to expand our technology to work with many more farmers.”
The round also finds Fall Line Capital’s co-founder and managing director, Clay Mitchell, to join its board of directors.
Credit: techcrunch.com /