Aigen, a Kirkland, Washington, DC-based AI-driven robotics company, has closed a $12 million Series A funding, bringing its total raised to $19 million.
SaaS Investors
The round was led by ReGen Ventures, with participation from NEA, Cleveland Avenue, Incite, and Susquehanna Private Equity Investments.
Founded in 2020, ReGen Ventures is a venture capital firm based in Byron Bay, Australia. The firm prefers to invest in seed-stage, early-stage, and later-stage companies. The firm seeks to invest in the climate tech sectors.
Aigen Use of Funds
The funds will be used to expand Aigen's manufacturing capacity to meet pre-order demand for its truly solar-powered autonomous robots designed for crop management without chemicals or fossil fuels.
About Aigen
Aigen was founded by Rich Wurden and Kenny Lee to connect farmers to breakthrough technologies and decarbonize agriculture. Aigen is an agrobotics company that makes small autonomous weeding robots. Aigen's Element robotic fleet can autonomously navigate, weed, and analyze row crops without any chemicals or diesel fuel. Offered as a service and powered 100% by solar and wind, The company’s vehicles reduce farmers' workload and their reliance on fossil fuels while increasing their crop and soil health. The Aigen Element robots leverage AI, machine learning, solar, and battery technology to provide sustainable solutions for weed control and real-time farming insights. The service is set to debut on over 20,000 acres of U.S. farmland in April 2024.
Funding Details
Company: Aigen, Inc.
Raised: $12.0M
Round: Series A
Funding Month: November 2023
Lead Investors: ReGen Ventures
Additional Investors: NEA, Cleveland Avenue, Incite, and Susquehanna Private Equity Investments
Company Website: https://www.aigen.io/
Source: https://www.prnewswire.com/news-releases/aigens-12m-series-a-unleashes-true-solar-agriculture-robots-301983872.html