AgriRobot, a pioneering agritech company based in Denmark, has successfully closed the first round of its latest funding initiative, bringing its total raised equity and grant funding to over more than €2.5M. The company, known for developing cutting-edge safety software for autonomous agricultural robots, will use this investment to accelerate the development of its technology. By leveraging advanced technologies from self-driving cars and last-mile delivery robots, AgriRobot aims to transform the agricultural industry by providing safe, efficient, and sustainable autonomous solutions, helping farmers increase productivity while minimizing risks.
Read the Full Press Release Below –
AgriRobot Secures Funding to Accelerate Development of Autonomous Agricultural Safety Software
Seed round brings total raised equity and grant funding to more than €2.5M.
Company to accelerate development of safety software
Lyngby, DK, 11th December 2024 – AgriRobot, a pioneering agritech company developing safety software for autonomous agricultural robots, today announced the successful first closing of its latest funding round. This investment brings the total capital raised by the Danish innovator to more than €2.5M and will fuel AgriRobot’s mission to revolutionize agriculture by enabling safe and efficient autonomous agricultural operations.
AgriRobot is developing certifiable software that eliminates the need for human operators to monitor robots in the field. Leveraging advanced technology from self-driving cars and last-mile delivery robots, AgriRobot’s software ensures the safety of autonomous tractors and robots, paving the way for a new era of efficient and sustainable farming.
The round was led by Norminal Ventures with participation from Tall Grass Ventures. The funds will be used to accelerate the development of their safety software while they continue to raise additional capital.
“We are excited to announce this significant milestone for AgriRobot,” said Tommy Ertbølle Madsen, CEO at AgriRobot. “This first close of our investment round will enable us to accelerate the development and deployment of our innovative software, helping farmers worldwide achieve safe and sustainable agricultural practices.”
“By addressing critical safety challenges, AgriRobot’s software empowers farmers to increase efficiency, reduce labor costs, and enhance crop quality while minimizing risks,” said Chris Edwards, Managing Partner at Tall Grass Ventures. “With a highly technical and knowledgeable team, we are excited to watch as they bring functional safety to autonomous agricultural operations.”
AgriRobot’s software is designed to be modular and easily scalable, allowing for integration with various autonomous agricultural systems. With a strong focus on safety compliance, AgriRobot is committed to providing equipment manufacturers with reliable and trustworthy solutions.
Founded in 2021 by a team with deep expertise in advanced robotics, agricultural compliance and functional safety analysis, AgriRobot is developing leading safety solutions for OEMs to enable the transition from semi to fully autonomous operations.
For more information, please visit https://agrirobot.ai/
Leave a Reply