Agricultural robotics company Carbon Robotics announced this week that it has secured $27 million in funding. The round -- with participation from Anthos Capital, Ignition Capital, Fuse Venture Partners and Voyager Capital -- follows on from an $8.4 million Series A in 2019. The company's total funding is currently around $36 million.
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Agricultural robotics company Carbon Robotics announced this week that it has secured $27 million in funding. The round -- with participation from Anthos Capital, Ignition Capital, Fuse Venture Partners and Voyager Capital -- follows on from an $8.4 million Series A in 2019. The company's total funding is currently around $36 million.
"Weeding is one of the biggest challenges farmers face, especially with the increase in herbicide-resistant weeds and the growing interest in organic and regenerative methods," founder and CEO Paul Mixell said in a statement. said in a press release. "This round of investment will allow us to expand our business to meet the growing demand for this technology. In addition, this funding will allow our team to continue to innovate new products and identify a revolution in the application of technology to agriculture sexual methods."
The Seattle-based startup's main product is an autonomous robot that uses lasers to chop through weeds. The funding round follows the April announcement in April of Carbon's latest generation of autonomous weeders, which the company says are capable of removing about 100,000 weeds per hour. The pandemic continues to accelerate interest in many agricultural robotics companies due to growing labor shortages.
Carbon noted that some international bans on various pesticides have left many farmers looking for alternative solutions. A system that works without the need for harmful chemicals, while reducing human labor in an industry that often suffers from staff shortages, is clearly attractive.
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