Sabanto Raises $17M Series A To Drive Autonomy Into Agriculture
08/18/22, 12:06 PM
Location
Money raised
$17 million
Industry
farming
agriculture and farming
Round Type
series a
Swarming farm autonomy company Sabanto, Inc. today announced it has closed an oversubscribed $17M Series A funding round led by leading agtech venture firm Fulcrum Global Capital, with participation from DCVC Bio, Hico Capital, Yara Growth Ventures, Cavallo Ventures, Johnsonville Ventures, and Trimble Ventures. John Peryam, co-founder and partner at Fulcrum, joins Sabanto's board of directors.
Company Info
Location
chicago, illinois, united states
Additional Info
Leveraging a fleet of smaller 60 and 90 HP tractors, the company has autonomously tilled, planted, seeded, weeded, applied, and mowed across Illinois, Iowa, Indiana, Missouri, Nebraska, Minnesota, North Dakota, Wisconsin, and Texas. "Finally, a company is solving our labor problems and taking us in the other direction. This capital will also allow the company to increase its Farming-as-a-Service operations to more farmers, on more crops, over more acres, across more states. Continue ReadingSabanto Autonomous Machine"We started Sabanto with our sights set on fixing the lack of labor and resetting the out-of-control capital expenses in agricultural machinery.