Fundz

Farmwise Raises $45M Series B To Expand Ai-Powered Farm Equipment In U.S. Farms

PRIVATEJun 01, 2022

Amount Raised

$45 Million

Round Type

Series B

SalinasAgriculture and FarmingSoftwareData And AnalyticsScience And EngineeringArtificial Intelligence

Description

Farm automation startup FarmWise Labs, Inc. today announced that it has completed an oversubscribed $45m Series B funding round, led by leading AgTech venture firms Fall Line Capital and Middleland Capital, with participation from GV and Taylor Farms, a leading grower and processor of leafy greens and fresh vegetables. Existing investors Calibrate Ventures, Playground Global, SVG Ventures and the venture arm of Wilbur Ellis also participated in the round. To date, FarmWise has raised $65 million in equity

Quick answer

FarmWise raised $45 Million in a Series B round, dated June 1, 2022. FarmWise is based in Salinas, California, United States.

How much did FarmWise raise?
FarmWise raised $45 Million in a Series B round on June 1, 2022.
What does FarmWise do?
For vegetable farmers who face increased growing costs and new regulatory pressures, FarmWise builds innovative systems to streamline farm operations and increase food production efficiency.
Where is FarmWise based and how big is it?
FarmWise is based in Salinas, California, United States.

Source: Fundz verified event record.

Who else raised in Agriculture and Farming and Data And Analytics around the same time

Companies in the same sectors as FarmWise that raised within 45 days of this round, from Fundz verified event records.

  • Spice AI, Inc. raised $15M on July 15, 2022.
  • Bobidi raised $5.8M (Funding Round) on July 14, 2022.
  • Deci raised $25M (Series B) on July 13, 2022.
  • Modular raised $30M (Seed) on June 30, 2022.
  • Neuron7.ai raised $10M (Funding Round) on June 23, 2022.
  • Sanas raised $32M (Funding Round) on June 22, 2022.

Who to call at FarmWise, and when

A new round usually means FarmWise is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day FarmWise raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at FarmWise, from your own LinkedIn network

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Company Information

Company

FarmWise

Location

Salinas, California, United States

About

For vegetable farmers who face increased growing costs and new regulatory pressures, FarmWise builds innovative systems to streamline farm operations and increase food production efficiency. FarmWise's first product is an automated mechanical weeder powered by AI and robotics, named Titan. It detects the crops from the weeds and uproots the latter with centimeter precision without using any chemicals. To learn more, please visit https://farmwiselabs.com/.

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

FarmWise raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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