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What do Arnold Schwarzenegger and an ag startup have in common? No, it’s not giant muscles or an Austrian accent. It’s that they’re both Terminators—but for ag startup FarmWise Labs, it’s all about using the power of artificial intelligence to terminate weeds. A Titanic technological achievement: FarmWise Labs’ flagship machine, Titan, utilizes computer vision and machine learning to precisely identify and remove unwanted weeds from vegetable fields without the use of herbicides. When they say precise, they mean it. Titan operates within a 1-centimeter margin of error. The company plans to expand to row crop operations in the coming years. Soundbite: “We started FarmWise with the conviction that farmers should be supplied with cost-effective, sustainable solutions to feed a growing world, and artificial intelligence is the ideal technology to make this a reality,” said Sebastien Boyer, co-founder and CEO of FarmWise. “With rising costs in the agricultural industry, we’re continuing to expand our technology to work with many more farmers.” Funding for the future: FarmWise recently secured $45M in a Series B round co-led by Fall Line Capital and Middleton Capital. This brings the startup’s total equity investment up to $65M. Where this goes: According to a statement from FarmWise, the company plans to use the new funding to “accelerate its roadmap to release a vegetable weeding implement that sets a new standard of reliability and versatility in farm robotics” and expand into row crop operations. |
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