FarmWise, which develops autonomous farming robot systems, has raised $14.5 million in a Series A funding round.
The round was led by Calibrate Ventures with participation from Wilbur Ellis, Xplorer Capital and Alumni Ventures Group. This brings the total amount raised by FarmWise to $20.2 million.
FarmWise builds self-driving robots that use a combination of computer vision and artificial intelligence to identify weeds among crops and precision mechanical tools to remove them without the need for herbicides.
The company will use the new funding to scale up its robotics engineering and operations team and further develop its R&D efforts on “plant-level detection and actuation capabilities.”
The global agriculture drones and robots market is expected to grow from $2.53 billion in 2018 to $23.06 billion by 2028, according to a report by BIS Research.
