Australia-based tech startup SwarmFarm Robotics has announced it has raised a AUD 12 million ($8.3 million USD) Series A funding led by Emmertech, an AgTech fund from Conexus Venture Capital based in Canada. The funding also sees new investment from Tribe Global Ventures and Access Capital.
Also joining the round are SwarmFarm’s existing investors, including Tenacious Ventures, and GrainInnovate, the Grains Research and Development Corporation (GRDC) venture capital fund managed by Artesian.
According to the statement, the funding will be used to develop and grow the Integrated Autonomy category in agriculture through the versatile SwarmBot platform and a breakthrough operating system network, SwarmConnect, that enables developers to create an array of innovative applications for users of the autonomous platform.
SwarmFarm Chief Executive Officer Andrew Bate: “There is enormous demand for autonomy in agriculture, but today, most solutions unlock minimal potential. The current equipment providers believe that farmers just want to be plucked from the cab or replaced by robotic arms. We believe that farmers want more.”
“They want a technology ecosystem built to address the issues in their locality, a farm-centric system that leaves the lowest possible footprint on their fields, helping them do more with less. They want Integrated Autonomy, so that’s what we’re building,” he added.
Source: technode.global