Aigen, a Kirkland, Washington, DC-based AI-driven robotics company, raised $12M in Series A funding.
The round, which brought the total amount to $19M, was led by ReGen Ventures along with NEA, Cleveland Avenue, Incite, and Susquehanna Private Equity Investments LLLP.
The company intends to use the funds to scale its robotic fleet, launching on farms in spring 2024
Founded by Rich Wurden and Kenny Lee, Aigen connects farmers to technologies to decarbonize agriculture. Its Element robotic fleet can autonomously navigate, weed, and analyze row crops without any chemicals or diesel fuel. Offered as a service and empowered 100% by solar and wind, Aigen’s vehicles reduce farmers’ workload and their reliance on fossil fuels, while increasing their crop and soil health.
The robots combine LTE connectivity with AI, ML, solar, and battery technology to create a reliable, sustainable product that saves farmers time and money. The Aigen Element robotics service will debut on over 20,000 acres of U.S. farmland arriving on farms in April 2024 to transform weed control and real-time farming insights.
Aigen is now building a 7,500 sq ft manufacturing and R&D facility to manufacture their solar-powered robotic fleet.
FinSMEs
10/11/2023