The rest of the start-up universe may find it difficult to raise funds, but it’s still a good time to get robotic magnification. Agtech is high on this list. The average age of farmers in the United States is 55, and finding human help has become increasingly difficult.
FarmWise has been doing this for some time, implementing its stand-alone weed robotics on farms in California and Arizona over the past few years. The Central California company says its robots have registered 15,000 trading hours on vegetable farms, capturing about 450 million crop scans for its database.
Today, the company announced a $ 45 million increase led by Fall Line Capital and Middleland Capital. GV, Taylor Farms, Calibrate Ventures, Playground Global, SVG Ventures and Wilbur Ellis have also joined Series B, bringing FarmWise’s total capital increase to $ 65 million to date.
Funding will be aimed at accelerating the research and development activities of the company and the implementation of the existing product.
“We started FarmWise with the belief that farmers need cost-effective, sustainable solutions to feed a growing world, and artificial intelligence is the perfect technology to make that a reality,” said co-founder and CEO Sebastien Boyer in the release. . “With rising costs in the agricultural industry, we continue to expand our technology to work with many more farmers.”
The circle also found that Fall Line Capital co-founder and managing director Clay Mitchell was joining the board.