Carbon Robotics Raises $70M in Series D Funding

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Carbon Robotics, a Seattle, WA-based company which specializes in AI-powered farming, raised $70M in Series D funding.

The round, which brought the total amount to $157M, was led by BOND with participation from existing investors NVentures (NVIDIA’s venture capital arm), Anthos Capital, Fuse Venture Capital, Ignition Partners, Revolution, Sozo Ventures, and Voyager Capital.

The company intends to use the funds to help scale its LaserWeeder™ business, introduce new software and hardware products, and expand its manufacturing capabilities in Eastern Washington. It will also support its growth in new markets and continue its geographic expansion into Eastern and Southern Europe, as well as the Asia-Pacific region.

Led by CEO Paul Mikesell, Carbon Robotics provides AI-powered precision agriculture products. Its LaserWeeder combines computer vision, AI deep learning technology, robotics and lasers to identify and eliminate weeds with millimeter accuracy, cutting weed control costs by 80% and increasing crop yield and quality. It is in operation by growers across the U.S., Canada, Europe, and Australia.

FinSMEs

21/10/2024

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