Farmwise Raises $45M Series B To Expand Ai-Powered Farm Equipment In U.S. Farms

Jun 01, 2022•about 3 years ago

Amount Raised

$45 Million

Round Type

series b

Salinas

Description

Farm automation startup FarmWise Labs, Inc. today announced that it has completed an oversubscribed $45m Series B funding round, led by leading AgTech venture firms Fall Line Capital and Middleland Capital, with participation from GV and Taylor Farms, a leading grower and processor of leafy greens and fresh vegetables. Existing investors Calibrate Ventures, Playground Global, SVG Ventures and the venture arm of Wilbur Ellis also participated in the round. To date, FarmWise has raised $65 million in equity

Company Information

Company

Farm Wise

Location

Salinas, California, United States

About

For vegetable farmers who face increased growing costs and new regulatory pressures, FarmWise builds innovative systems to streamline farm operations and increase food production efficiency. FarmWise's first product is an automated mechanical weeder powered by AI and robotics, named Titan. It detects the crops from the weeds and uproots the latter with centimeter precision without using any chemicals. To learn more, please visit https://farmwiselabs.com/.

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83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Farmwise Raises $45M Series B To Expand Ai-Powered Farm Equipment In U.S. Farms

Description

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Company Information