farm-ng Closes $10M Series A to Scale Affordable Robotic, AI Solutions
Robotics and AI startup farm-ng announced it has closed on a $10 million Series A led by Acre Venture Partners and including Xplorer Capital, Hawk Tower, and 10 other institutional and individual investors, to advance and scale affordable and adaptable robotic and AI solutions for small to medium-sized farms, according to Global AgInvesting.
Founded by company CEO Ethan Rublee, farm-ng has developed a modular electric robot called the Amiga that together with its onboard AI computer, has been built to suit multiple environments, tasks, and crops. The company explained that its open and extensible software allows for integration into farming applications and endless customization through developers and partners to help farms reduce operational costs, increase yields, and generate a rapid return on investment.
“We are eager to continue our journey in revitalizing agriculture with our robotics and AI platform thanks to the support of our lead investors, Acre Venture Partners and Xplorer Capital, as well as HawkTower and our other investment partners,” said Rublee.
“This Series A funding will enable us to accelerate manufacturing to meet market demand, fund the development of more autonomous farm capabilities, scale our go to market, and develop an ecosystem of applications that help farms thrive for generations to come. At farm-ng, we are committed to cultivating a future where everyone has access to healthy food grown in an ecologically and economically sustainable way.”
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In less than a period of 18 months, more than 100 Amigas have been deployed, and are executing a range of farming tasks including precision spraying, seeding, compost spreading, pest management, phenotyping and geo-tagged data collection, visualization, and analysis.
“farm-ng has sold more robots in a short amount of time than nearly any other agtech startup, a testament to the quality of their robotics and AI solutions,” said Lucas Mann, co-founder and managing partner, Acre Venture Partners.
Read more at Global AgInvesting.
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