Pitch book published a report on tech prediction 2021; in this report the sector which gets most VC investment is AgriTech. Use of robotics in Agriculture is increasing to insure good quality, get high production and to overcome the problem of labor. Growing demand for organic and sustainable foods and farming practices will likely serve as additional growth drivers, fueling VC investment in this industry in 2021.
In the US, the agricultural workforce has dwindled. The number of self-employed and family farm workers declined by 73% from 7.6 million in 1950 to 2.1 million in 2000, according to data from the National Agricultural Statistical Service.
This sector is in eye of VC and it will get more investment in 2021. Here are some good AgTech startups that got VC funding in 2020 and have good potential to grow in coming years.
AgTech Prediction: We expect field robotics will receive a record level of VC investment in 2021
Here is the list key 9 AgTech startups raise funding in 2020.
At Blue Ocean Robotics we develop, produce and sell professional service robots primarily in healthcare, hospitality, construction and agriculture. We develop robots from problem, idea and design to development, commercialization, and all the way to exit. Each robot brand is set up in its own subsidiary- venture company focused on commercialization, global distribution and growth. Blue Ocean Robotics is the first in the world of its kind – a Robot Venture Factory.
Our portfolio includes brands like; UVD Robots, an award winning mobile robot for disinfection; GoBe Robots, a mobile telepresence robot for communication, social inclusion and CO2 reductions and PTR Robots, a mobile robot for safe patient handling and rehabilitation.
- Last financing date: July 1, 2020
- Total VC raised ($M): $57.0
- Last financing size ($M): $57.0
- HQ location: Denmark
Our solution is poised to revolutionize fruit harvesting. Our patented platform of Flying Autonomous Robots combines cutting-edge algorithms, AI, and data analytics. Tevel’s mission is to lead the transformation from manual fruit picking into on-demand, Flying Autonomous Robots.
- Last financing date: October 27, 2020
- Total VC raised ($M): $11.5
- Last financing size ($M): $10.0
- HQ location: Israel
Harvest Automation was founded by Charles Grinnell and a small team of world-class robotic innovators in 2008. They started with a broad search across multiple industries to identify critical market challenges that could be addressed with practical robotic solutions. They found an excellent fit and great starting point for the company in material handling for the Nursery and Greenhouse industry. After working closely with numerous industry leaders, the HV-100 was born: the world’s first fully autonomous robot that works alongside people in unmodified industrial environments. Fast forward to today and over 150 HV-100s have been deployed at more than 30 top growers across the United States.
Harvest has developed a new approach to automating a variety of traditionally manual labor tasks based on mobile robot technology. Teams of small, highly intelligent machines work safely with laborers to perform the most physically demanding parts of these tasks, and at a significantly reduced cost.
- Total VC raised ($M): $27.9
- Last financing size ($M): $2.9
- HQ location: US
FarmWise was founded in summer 2016 by Sebastien Boyer and Thomas Palomares, long-time friends and engineers passionate about sustainability challenges. They started to imagine how the technology they used while working in MIT and Stanford Computer Science laboratories could be used to make farming drastically more efficient.
For vegetable growers who face increased growing costs and new environmental and regulatory pressures, the FarmWise suite of data-driven services harnesses plant-level data to drive precise field actions in order to streamline farm operations and increase food production efficiency.
- Last financing date: April 15, 2020
- Total VC raised ($M): $24.0
- Last financing size ($M): $16.5
- HQ location: US
Startup began in 2009, when Francesco Dell’Endice, Ph.D. at the University of Zurich, came up with an idea that was meant to reshape the world of food and agritech.
AI-powered single kernel robotics for accurate and fast quality inspection and smart processing, from 30 to 3’000 kernels per second. QSorter® Explorer: the standard for Quality Inspection of grains and seeds.
QualySense today is a young innovative tech company on the rise. We are headquartered in one of the most beautiful cities of Switzerland, Zurich, where the magnificent Alps begin to rise. In 2019 QualySense is expanding quest for reshaping the world of food and agritech to the United States of America. If you are in Chicago, don’t pass up the chance to meet.
- Last financing date: October 18, 2017
- Total VC raised ($M): $21.3
- Last financing size ($M): $14.4
- HQ location: Switzerland
Naïo Technologies is the result of two robotics engineers crossing paths. Gaëtan Séverac and Aymeric Barthes believe robotics offer a pertinent solution to the problems agriculture has to face today.
Our goal : offer practical and durable solutions to agricultural issues while reducing workload with autonomous tools for vegetable farmers and wine growers.
Over the years, Aymeric and Gaëtan have combined a team of experts in agricultural robotics with shareholders who share their convictions and understand the challenges of start-ups. Today, Naïo Technologies is both a human and technological adventure. Our company spirit advocates social responsibility (RSE): we strive to durably help farmers while respecting our customers, employees and suppliers and the environment and society as a whole.
“Naïo Technologies develops and markets robots for agriculture and viticulture. We also hold a range of electric tools for weeding, hoeing and harvesting to help farmers efficiently collect the fruit of their hard work. Our robots assist farmers in their daily tasks in order to relieve their workload and increase profitability while reducing impact on the environment.” Aymeric Barthes, Naïo Technologies Co-founder.
- Last financing date: January 9, 2020
- Total VC raised ($M): $21.2
- Last financing size ($M): $15.6
- HQ location: France
The world’s first commercial robotic apple harvest.
“We founded Abundant because it’s clear that productivity gains from automation are critical for the world’s growing population to continue enjoying healthy fruits and vegetables.” Dan Steere, Curt Salisbury, Michael Eriksen
- Last financing date: February 19, 2020
- Total VC raised ($M): $19.5
- Last financing size ($M): $7.5
- HQ location: US
The Yield is an Australian agricultural technology company. We’re on a mission to transform food and farming practices by building secure, scalable digital technology.
We work closely with produce growers to design our products because we’re committed to solving real challenges – at farm level and throughout the food chain. The Yield has a highly-focused team combining leading engineers, data scientists, agriculturists and technologists. We have a deep commitment to open innovation, collaboration and diversity.
- Last financing date: May 11, 2020
- Total VC raised ($M): $17.2
- Last financing size ($M): $7.1
- HQ location: Australia
Maggrow is a patented, proprietary technology that significantly reduces waste associated with conventional pesticide applications, delivering your important plant protection products where they matter the most. Company claims that The MagGrow Solution Increases Coverage By 20% + And Reduces Drift By Up To 70%.
- Last financing date: August 6, 2020
- Total VC raised ($M): $15.6
- Last financing size ($M): $6.9
- HQ location: Ireland