FarmWise Raises $45 Million Series B

by Kay Aloha Villamor in June 6th, 2022

FarmWise, a Salinas, Calif. based- Farm automation startup FarmWise Labs, Inc. has announced that it has completed an oversubscribed $45 million Series B funding

The round was, led by leading AgTech venture firms Fall Line Capital and Middleland Capital, with participation from GV and Taylor Farms, 

With this new round of funding, FarmWise is accelerating its roadmap to release a vegetable weeding implement that sets a new standard of reliability and versatility in farm robotics, and cements FarmWise's position as the leading provider of robotics solutions for vegetable farmers. This new funding will allow the company to serve many more farmers within the vegetable industry and start adding capabilities for its technology to be used on row crops farms which are equally challenged by the dwindling resources.

Company:  FarmWise Labs, Inc.

Raised: $45.0M

Round: Series B

Funding Month: June 2022

Lead Investors: AgTech venture firms Fall Line Capital and Middleland Capital

Additional Investors: Calibrate Ventures, Playground Global, SVG Ventures, and the venture arm of Wilbur Ell

C0mpany website: https://farmwise.io/

Software Category:  Agricultural Technology

About the Company: FarmWise Labs, Inc. is an American agricultural technology and robotics company, based in California. Its first product is an automated mechanical weeder that uses a combination of AI, computer vision, and robotics to pull out weeds in vegetable fields without using chemic, FarmWise builds innovative systems to streamline farm operations and increase food production efficiency.

Source: https://www.prnewswire.com/news-releases/farmwise-raises-45m-series-b-to-expand-ai-powered-farm-equipment-in-us-farms-301558575.html




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