Agtonomy Raises $22.5 Million in Series A
Agtonomy, a San Francisco, CA-based software and services company specializing in advanced autonomous and AI solutions for agriculture, raised $22.5 million in Series A funding.
The round was led by Momenta, with participation from strategic investors Doosan Bobcat North America, Inc. and Toyota Ventures.
Momenta is an industrial impact venture capital + growth firm. The firm accelerates entrepreneurs and leaders devoted to the digitization of energy, manufacturing, smart spaces, and supply chains.
The company will use the funds to expand its customer pilot program and accelerate the development of its autonomous and AI solutions for agriculture, addressing challenges such as skilled labor shortages and the impact of climate change on farming.
Agtonomy, based in South San Francisco and Sonoma County, is a software and services company specializing in advanced autonomous and AI solutions for agriculture. They partner with established equipment manufacturers to transform tractors and agriculture machines into autonomous and remote-controlled equipment that is accessible to local farmers. Its mission is to accelerate the world's transition to sustainable farming by equipping farmers with the technology and services they need to continue to feed the world.
Funding Details
Company: Agtonomy
Raised: $22.5M
Round: Series A
Funding Month: December 2023
Lead Investors: Momenta
Additional Investors: Doosan Bobcat North America, Inc. and Toyota Ventures
Company Website: https://www.agtonomy.com/
Software Category: Agriculture