Agtonomy, a number one software program and companies firm specializing in automation and bodily AI options for agriculture and land administration, closed an oversubscribed Sequence B funding spherical totaling $18 million primarily based on its confirmed business traction and progress potential.
This funding was led by DBL Companions, a pioneering double backside line enterprise capital agency famend for early investments in Tesla, SpaceX, and Farmers Enterprise Community, with participation from new investor Nuveen, one of many world’s largest homeowners and operators of agricultural land—managing over 2 million acres globally. Present buyers Autotech, Allison Transmission, Rethink Meals, and Black Forest Ventures additionally participated within the spherical.
“Agtonomy is at an thrilling inflection level as we increase our business footprint and convey bodily AI into on a regular basis discipline operations,” mentioned Tim Bucher, founder and CEO of Agtonomy. “This funding spherical—and the assist from DBL and Nuveen—underscores confidence not solely in our know-how and momentum, but additionally within the significant worth we’re delivering in real-world business operations as we speak.”
Agtonomy will use the brand new capital to advance its bodily AI platform, increase tools integrations with OEM companions, and scale business deployments throughout agriculture and adjoining off-road industries. These investments will improve AI-driven fleet intelligence and smarter workflows, serving to operators reduce labor prices and enhance security and sustainability in orchards, vineyards, fields, and managed inexperienced areas.
“DBL seeks out mission-driven, execution-orientated firms that not solely disrupt their industries, but additionally ship real-world advantages,” mentioned Jake Harris of DBL Companions, who’s becoming a member of Agtonomy’s Board. “Agtonomy matches squarely into the legacy of DBL’s portfolio by ushering within the subsequent wave of highly-scalable, customer-centric bodily AI in a means that delivers tangible efficiency beneficial properties and cost-savings, whereas setting a brand new customary for sustainability and profitability in meals manufacturing and off-road industries worldwide.”
Mark Coelho, Head of International Horticulture at Nuveen, mentioned: “Managing greater than 2 million acres of farmland offers us a transparent view into the pressures going through as we speak’s operators, from labor shortages to rising operational complexity. Agtonomy’s bodily AI platform addresses these real-world challenges by means of sensible automation that works in powerful environments. We imagine this method has robust applicability in agriculture and we’re happy to assist Agtonomy’s continued progress.”
