Advanced Farm Technologies, developers of robotic technology for farmers, has completed a series B investment round raising $25 million to support the company’s growth in strawberry harvesting and the adaptation of its technology to apple harvesting.
The Series B funding round was led by Catapult Ventures and included all the Series A investors Kubota Corporation, Yamaha Motor Corporation, and Impact Ventures.
Kyle Cobb, president, and co-founder of Advanced Farm Technologies, says: “It is gratifying to have the ongoing support and commitment from our early investors in this funding round. It reflects all of our team’s hard work to develop and bring our TX Strawberry Harvester to the market.
“Our success is also a testament to our grower partners in strawberries and apples who work with us to find creative ways to introduce automation into their ranches today while giving us the feedback we need to rapidly iterate and improve the tech.”
Designed to work alongside manual harvest crews, the Advanced Farm TX Robotic Strawberry Harvester automatically senses and picks red, ripe fruit from in-soil strawberry beds with gentle, food-grade gripper technology.
The purpose-built machine consists of multiple, rugged robots able to withstand the rigors of outdoor, in-soil conditions with sophisticated computer vision and machine learning technology to navigate fields and harvest fruit autonomously up to 24 hours a day.
The early market success of the TX Robotic Strawberry Harvester suggests that it is “a promising solution” for the strawberry and apple industries that face persistent labor supply challenges, says the company.
Rouz Jazayeri, Managing Partner of Catapult Ventures, says: “The Advanced Farm team demonstrated tremendous discipline with the earlier fundraising, making $10 million go a very long way in developing and commercializing its technology quickly and creating the foundation needed to go to market.
“With this latest investment round, the company can scale its team and robotic technology, with an eye toward expanding market share and adapting its technology for new crops, to deliver on the promise of automated harvesting for 21st-century farming.”
Deploying its TX Robotic Strawberry Harvester fleet to work in fields in the major strawberry-producing centers of California, Advanced Farm has assisted the world’s leading strawberry growers including GoodFarms, The Oppenheimer Group (Oppy), and Naturipe to bring tens of thousands of pounds of fresh fruit to market.
Dave Murray, partner at GoodFarms, says: “We are fortunate to have the opportunity to work with the best in our industry and continue to be impressed by the practical, hands-on approach of Advanced Farm – a proven team that is building upon their past success to bring meaningful automation solutions to farming.
“Automating our harvest with the Advanced Farm TX Robotic Strawberry Harvester helps us serve our customers, allowing us to better support our farmworkers, and expand operations to meet the consumer demand for high quality, affordable fresh fruit.”