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farm-ng raises Series A funding to scale Amiga robot and AI for small to midsize farms

Jan 22, 2024almost 2 years ago

Amount Raised

$10 Million

WatsonvilleSoftware

Investors

Hawk TowerXplorer CapitalAcre Venture Partners

Description

farm-ng raised more than $10 million in its Series A funding round led by Acre Venture Partners, with participation from Xplorer Capital, HawkTower, and 10 other institutional and individual investors. The funding will be used to accelerate manufacturing, fund the development of autonomous farm capabilities, scale the go-to-market strategy, and develop an ecosystem of farm applications.

Company Information

Company

Farm-ng

Location

Watsonville, California, United States

About

Farm-ng is a robotics company making general purpose farm robots that can be used to implement sustainable farming practices. Farm-ng works with small and medium farms, organic growers, research institutions, academia and industry groups who innovate and promote best practices for specialty crops. The Farm-ng robotics platform is fully configurable and can be extended with Amiga Development Kit (ADK) that enables developers and ag tech companies to build innovative products and services on top of the farm-ng robotic platform. The company is based in Watsonville, California.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech