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Agtonomy raises USD 4.5 million in seed funding
Smart Farming
Sep 15, 2022
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Smart Farming

Smart Farming

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Sep 15, 2022

Agtonomy raises USD 4.5 million in seed funding

Funding

  • Agtonomy, a San-Francisco-based startup offering solutions to convert tractors and equipment into autonomous machines, has raised USD 4.5 million in a third seed funding round led by Cavallo Ventures (VC arm of Wilbur-Ellis) and Mirae Asset Venture Investment (VC arm of Mirae Asset Financial Group, one the largest independent financial groups in Asia). Other investors including Toyota Ventures and David. R. Duncan (Chairman and CEO of Silver Oak Cellars) also participated in the round.

  • The funds from this round will be used to expand its strategic team and vehicle fleet and accelerate trials for its service platform. 

  • Analyst QuickTake : This round brings the company’s total seed funding to USD 13.5 million. Agronomy previously raised USD 5 million in their second seed funding round at the start of 2022 . The company stated at the time that the funds will be used to conduct 50 trials for its autonomy and tele-assist platform. The company has not yet commercialized its offering and plans to launch in 2023 starting production with a few hundred tractors. 

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