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Farmbot raises USD 4.6 million to expand into US market
Smart Farming
Jun 11, 2024
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Smart Farming

Smart Farming

Jun 11, 2024

Farmbot raises USD 4.6 million to expand into US market

Funding

  • Farmbot, an Australian startup that uses IoT to provide farmers with water management solutions, has raised USD 4.6 million in a bridge funding round led by existing shareholders Tesla and Macdoch Ventures and new investors hailing from the US ranching sector.

  • The funds will be utilized to expand operations to the US market, and the company expects to expand its services, including tools for broader farm infrastructure and natural capital assets like soil, pasture, and biodiversity.

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