- Tel Aviv, Israel-based autonomous farming startup Blue White Robotics has raised $37 million in Series B funding, according to a press release sent to AFN.
- NYC-based VC firm Insight Partners co-led the round with Entrée Capital. Other participants included Clal Insurance, Jesselson Family Office, Peregrine VC, and Regah Ventures.
- Blue White Robotics will use the new funding to increase the adoption of its autonomous farming and tractor technologies, drive new sales in the US market, and build out an international team.
Why it matters:
Blue White Robotics’ self-described “robotics as a service” platform combines robotic tractors with management software so that one human can control a fleet of autonomous vehicles to fulfill a number of different farming tasks: spraying, harvesting, disking, and seeding, to name a few.
The company says its platform can address key labor and food security issues by improving productivity and worker safety while also collecting more data for precise insights that can increase yields and reduce the amount of inputs needed for crops.
Daniel Aronovitz, vice president at Insight Partners, noted that because Blue White retrofits existing farm systems, there is an inherent ease of adoption that “will allow the product to quickly scale within the industry and enter new markets.”
Blue White Robotics was founded in 2017 and, including this round, has raised $50 million to date.