FarmWise Raises $14.5M in Series A Funding

agribusinessFarmWise, a San Francisco, CA-based company that builds autonomous farming robots, raised $14.5m in Series A funding.

The round was led by Calibrate Ventures, with participation from existing investors Wilbur Ellis, Xplorer Capital and Alumni Ventures Group. In conjunction with the funding, Jason Schoettler, Co-Founder of Calibrate Ventures, will join FarmWise’s Board of Directors.

The company intends to use the funds to grow its robotic engineering and operation teams, as well as boost R&D efforts on plant-level detection and actuation capabilities.

Led by Sebastien Boyer, CEO, FarmWise provides autonomous, AI-enabled robots designed to solve farmers’ most pressing challenges by performing a variety of farming functions – starting with weeding, and providing personalized care to every plant they touch.
Using machine learning models, computer vision and high-precision mechanical tools, the robots cleanly pick weeds from fields, leaving crops with the best opportunity to thrive while eliminating harmful chemical inputs.
To date, FarmWise’s robots have efficiently removed weeds from more than 10 million plants.

The company has a team of 25 farming and AI experts from MIT, Stanford and Columbia.

FinSMEs

17/09/2019

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