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Sabanto raises USD 17 million in Series A funding
Smart Farming
Aug 18, 2022
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Smart Farming

Smart Farming

Aug 18, 2022

Sabanto raises USD 17 million in Series A funding

Funding

  • Sabanto, a Chicago-based startup offering autonomous driving system solutions, has raised USD 17 million in an oversubscribed Series A funding round led by Fulcrum Global Capital. Investors including DCVC Bio, Hico Capital, Yara Growth Ventures, Johnsonville Ventures, and Trimble Ventures also participated in the round.

  • The funds will support the company’s mission to make its solution an affordable, reliable, and scalable solution for farmers globally, and expand its farming-as-a-service operations to more farmers and more crops covering more farm acres across states.

  • Sabanto also reported planting over 750 acres of corn and soybeans in one season using a single 60-horsepower tractor integrated with its advanced mission control platform, demonstrating the company’s ability to deploy systems for multiple days of non-stop operation.

  • Analyst QuickTake : With total funding of USD 17 million, Sabanto is working towards its aim of accelerating autonomy in agricultural machinery. The company adopts a different approach to conventional autonomous agricultural machinery manufacturers offering low-cost retrofits that integrate into existing machinery, regardless of make or model, to transform them into autonomous agricultural machines. 

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