Cleveland Avenue

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Verdant Robotics Raises $46.5 Million to Reduce Ag Chemicals, Improve Farm Profits

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Verdant Robotics, Cleveland Avenue


Verdant Robotics announced the close of a $46.5 million Series A funding to scale its advanced robotic technology and accelerate broad adoption of its regenerative and precision ag solutions. Lead investor Cleveland Avenue was joined by DCVC Bio, Future Ventures, SeaX Ventures and all existing investors, including Autotech Ventures, Cavallo Ventures, and AgFunder, making the series one of the largest investments in ag robotics to date.

Verdant’s commercial Robotics-As-A-Service (RaaS) is in high demand, actively servicing a wide variety of specialty crops on thousands of acres with orders pending for tens of thousands of additional acres. This investment enables Verdant to rapidly scale its fleet while developing next generation products that massively increase RaaS efficiency. Verdant’s multi-action, autonomous platform is the only ag robot in the U.S. market that can simultaneously weed, fertilize, and treat plants for pests and diseases – all while collecting data on each plant allowing farmers to make key decisions in real time.

Read more at Verdant Robotics Blog