Bonsai Robotics, a San Jose, CA-based company specializing in computer vision-based automation solutions for challenging off-road environments, raised $13.5 million in seed funding.
SaaS Investors
The funding round was led by Acre Venture Partners, with participation from E14, Congruent, Serra Ventures, Fall Line Capital, SNR Ventures, Andros, as well as notable angel investors including Travis Deyle (founder of Cobalt Robotics), Lee Redden (founder of Blue River Tech), and Matt Barnard (founder of Plenty).
Founded in 2016, Acre Venture Partners is a venture capital firm based in Santa Monica, California. The firm seeks to invest in seed-stage, early-stage, and later-stage companies operating in consumer products, food and agriculture, consumer services, materials, infrastructure, technologies, and resources sectors.
Bonsai Robotic Use of Funds
The company will use the funds to accelerate its product roadmap and invest in both hiring and sales & marketing.
About Bonsai Robotics
Bonsai Robotics provides the first computer vision-based robotic automation solutions for harsh, off-road environments such as agriculture. Based on patented AI models and computer-vision software, Bonsai Robotics solutions are integrated with OEM equipment to make it autonomous and can operate without GPS in adverse conditions including dust, debris, and vibration. The company is already working with several OEMs including OMC and Flory Industries, and by Calif. growers who report significant gains in efficiency even during a severe labor shortage.
Funding Details
Company: Bonsai Robotics, Inc.
Raised: $13.5M
Round: Seed Round
Funding Month: September 2023
Lead Investors: Acre Venture Partners
Additional Investors: E14, Congruent, Serra Ventures, Fall Line Capital, SNR Ventures, Andros, Travis Deyle, Lee Redden, and Matt Barnard
Company Website: https://www.bonsairobotics.ai/
Software Category: Computer Vision-based Robotic Automation Solutions
Source: https://www.globenewswire.com/news-release/2023/10/02/2752956/0/en/Bonsai-Robotics-Raises-13-5M-Seed-Round-to-Bring-Autonomous-Vehicles-to-Labor-Starved-Orchards-and-Other-Remote-Off-Road-Environments.html