• FarmWise, a California-based company offering precision agriculture solutions using robots, has raised USD 45 million in a Series B funding round led by Fall Line Capital and Middleland Capital. New investors GV and Taylor Farms and existing investors Calibrate Ventures, Playground Global, SVG Ventures, and the venture arm of Wilbur Ellis also joined the round.

• The funds will support the launch of a new vegetable weeding machine that FarmWise is currently developing, and support the development of its technology to be used on row crops. FarmWise stated that it aims to become the leading provider of weeding solutions for vegetable farmers. 

• As of date, FarmWise reports that it has been offering its solutions on a Weeding-as-a-Service model to large vegetable farms across California and Arizona for three commercial seasons and has seen revenue triple YoY. As of date, the company has provided 15,000 hours of service and has over 450 million scanned images of individual crops in its database.

Analyst QuickTake: FarmWise has raised USD 65.2 million in funding to date, having attracted more funding than its close competitors ecoRobotix (USD 28.4 million) and Naio Technologies (USD 22 million) who offer similar weeding robots. Upon the last funding round in 2019, FarmWise stated that it was targeting vegetable growers in California and Arizona. As planned, the company has expanded across California and Arizona and has completed three seasons of service to date.