CA-based Agtonomy Secures $22.5M in Series A Round Funding. Leading the round was Momenta, with Doosan Bobcat North America and Toyota Ventures serving as strategic partners.
The funds will be utilised by the business to develop its products more quickly and to broaden the reach of its customer pilot programme. Agtonomy is a software and services firm headed by CEO Tim Bucher that specialises in innovative autonomous and AI solutions for agriculture.
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Agtonomy incorporates “smarts” into tractors and implements through collaborations with equipment OEMs, such as Bobcat, encouraging digital transformation and providing commercial-scale solutions.
Tim Bucher, Co-Founder and CEO of Agtonomy said, “Agtonomy’s technology is built to be embedded in equipment and implements, upskilling available labor, By collaborating with established OEMs, we fast-track our sustainable technology to market, delivering essential solutions to address the pressing challenges of labor shortages and climate change for farmers and land maintenance operators.”
Michael Dolbec, Momenta’s Managing Partner said, “Agtonomy is at the intersection of AI, Autonomy and Agriculture, a perfect storm of opportunity in our Industrial Impact investment focus. With their leading autonomy stack, they provide an essential solution for top-tier OEMs, like Doosan Bobcat,”.
Jerry O’Gorman, VP at Advantech IIOT division, stated, “We are pleased to support this investment in Agtonomy. Our leading role in edge and mobile computing gives us a deep appreciation for the engineering challenge of autonomous mobility solutions in environments such as agriculture. We look forward to collaborating with Agtonomy and co-creating with them and selected partners to help them scale in this critical space.”
About Agtonomy
Specialising on cutting-edge autonomous and artificial intelligence (AI) solutions for agriculture, Agtonomy is a top software and services provider with headquarters in South San Francisco and Sonoma County. The company’s main goals are to solve the urgent problems of labour scarcity, sustainability, and farmers’ declining profit margins.
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