November 30, 2022
Verdant Robotics, which develops advanced robotics technology for automated agriculture applications, has announced raising $46.5 million in Series A funding. The funding will be used to scale its technology and accelerate the broad adoption of its regenerative and precision agriculture systems.
The company’s commercial robotics-as-a-service (RaaS) serves a wide variety of specialty crops on thousands of acres, with orders pending for tens of thousands of additional acres, the company said. The new funding lets Verdant rapidly scale its fleet while developing next-generation products to increase the RaaS efficiency. Verdant’s multi-action, autonomous platform can simultaneously weed, fertilize and treat plants for pests and diseases – all while collecting data on each plant to let farmers make key decisions in real time.
“Increasingly, consumers are demanding food that meets the trifecta of good for me, for my community and for the planet,” said Don Thompson, founder and CEO of Cleveland Avenue, which led the funding. “Verdant offers next-level precision that growers – and our global food supply – need to meet these demands, not only in the next 20 years but in the next five.”
From its inception, Verdant said its mission has been to work side-by-side with farmers to solve their biggest future challenge – a shortage of farm labor – all while ensuring its robotic solution enables more growers to access regenerative and precision practices supporting soil health, water conservation, carbon sequestration and nutrient-dense crops. The combination of automation, deep-learning, machine vision and sub-millimeter accuracy has garnered industry-wide attention for its ability to solve multiple problems facing agriculture, the company said.
“Verdant’s ultra-precision spraying platform is here today — adding new value while doing more with less. Thanks to the ongoing support from our investors, growers can thrive as we deploy this transformative technology together,” said Gabe Sibley, Ph.D., co-founder and CEO of Verdant Robotics. “At Verdant, we believe that an outsized opportunity requires an oversized effort that only robotics can deliver for agriculture.”
The global agriculture autonomous robots market is projected to reach $10.5 billion in 2027, growing at a CAGR of 19% between 2022 and 2027; driven by the growing need for precision, digital, and smart agriculture practices to meet food and sustainability demands.
“Autonomous vehicles and dancing robots may get headlines, but there really is no more impactful area for robotics, automation, and machine learning to be applied than agriculture. Growing abundant foods in sustainable ways is our generation’s biggest challenge and the founding principle behind Verdant Robotics,” said Sibley.
To learn more about the company, visit the Verdant Robotics website here.