Agricultural robotics start-up Carbon Robotics announced today that it raised $ 27 million in a Series B round of commercial financing.
Development of innovative products to eliminate weeds without damaging the soil
Anthos Capital, Ignition Partners, Fuse Venture Capital, Voyager Capital, Bolt and Liquid2 Ventures participated in the trade financing round, which brings the company’s total financing to $ 36 million.
The agriculture startup business says it will use commercial funds raised to scale the development and growth of its products. The funds will also be used to expand the engineering team, drive regional sales, and invest in innovation and new technologies.
“This investment further validates our mission to create tools that use technology to address farmers’ toughest problems. Clearing is one of the biggest challenges farmers face, especially with the rise of herbicide-resistant weeds and growing interest in organic and regenerative methods, “said Paul Mikesell, CEO and founder of Carbon Robotics.
Mikesell adds that the funds raised will help the agricultural start-up to increase production to better cope with an increase in demand for this technology. Brian Ames, managing director of Anthos Capital, believes that the agriculture startup business can become a key player in “driving the agricultural technology revolution.”
Earlier this year, Carbon Robotics introduced Autonomous Weeder, which is a next-generation autonomous robot that uses thermal energy and powerful lasers to remove weeds without damaging the soil. This innovative product allows less herbicide use and helps eliminate unwanted plants and reduce labor.
Carbon Robotics says it has witnessed strong demand for its products, with the agricultural start-up securing more than $ 20 million in carp growers and reserves. According to Carbon Robotics, the 2021 and 2022 models are already out of stock. Additionally, the startup business has started accepting orders for 2023.
Some of the well-known farms that use Carbon Robotics products include Grimmway Farms, Carzalia Valley Produce, Mercer Ranches, Taylor Farms, Triangle Farms, Terranova Ranch, Bowles Farming Co, Braga Ranch, Duncan Family Farms, and Amigo Farms.
“The already demanding task of de-sanding has only become more difficult for farmers to handle as more herbicide resistant weeds develop and the cost of herbicides rises. Carbon Robotics has built a game-changing solution to solve one of the biggest problems in agriculture, “said Cameron Borumand, general partner at FUSE.
Eric Benson, Managing Director of Voyager Capital, expects Carbon Robotics to play an important role in tackling essential farmer-related issues such as the emergence of superweeds and dwindling available labor.
In addition to announcing new business funds, Carbon Robotics also introduced Eric Scollard as Strategic Sales Advisor, who will support the new company’s ambitious growth plans.
Scollard will lead Carbon’s strategic expansion plans that will allow the agribusiness to scale the distribution of its products and solutions. He previously worked as an executive at ExtraHop, Isilon and Qumulo, where he helped achieve exponential growth in revenue.
Summary
The Seattle-based startup raised $ 27 million in a recent Series B funding round with Anthos Capital, Ignition Partners, Fuse Venture Capital, Voyager Capital, Bolt, and Liquid2 Ventures. The startup says it will use the funds raised to scale production and accelerate its growth initiatives.
