Agtonomy Secures $18m to Advance AI in Agricultural Equipment
Agtonomy, a California-based company, has closed an $18 million Series B round to expand its AI software and services for agricultural machinery to the Southeastern US and Australia.
The funding round was led by VC firm DBL Partners, with participation from Nuveen, Autotech, Allison Transmission, Rethink Food, and Black Forest Ventures.
“the next frontier of automation: artificial intelligence directly embedded into machines and autonomous fleets that operate in the real world”
According to Tim Bucher, Agtonomy's cofounder and CEO, the company is bringing "physical AI" to agriculture, partnering with commercial equipment manufacturers and developing software for ag machinery.
Author's summary: Agtonomy raises $18m to expand AI in agriculture.
- Investors: DBL Partners, Nuveen, Autotech, Allison Transmission, Rethink Food, Black Forest Ventures
- Expansion plans: Southeastern US and Australia
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