Agtech, a company based in Silicon Valley, is developing autonomous farm technology that will help growers reduce their operating costs and increase their yields. Rohit Sharma, a venture partner at True Ventures, was welcomed to the board as part of the meeting. Including this round of funding, the company raised $4. A total of 5 million since Bear Flag Co-Founders Igino Cafiero and Aubrey Donnellan started the company in 2017.
Today’s growers compete for skilled labor in the construction, mining and trucking industries. Research suggests that autonomous robots can reduce labor costs and also increase yields by up to 15%. Projected yield gains are possible due to reduced soil compaction of smaller tractors. This gain cannot be realized with today’s high labor costs
The autonomous driving technology of Bear Flag Robotics for farm tractors solves these problems by equipping tractors and equipment with technology that enables growers to automate many of their most common tasks. These include spraying and mowing operations in specialty crops such as nuts, fruit and grapes, in addition to common ground preparation tasks such as dispensing and ripping. As a result, the Bear Flag allows a single supervisor to operate a fleet of vehicles where an entire crew was once required.
Autonomous technology is already enabling advances in the manufacturing, mining and aviation industries. However, agriculture has yet to leverage this technology, which will be needed to meet the 70% increase in global food demand by 2050.
“We are incredibly interested in how automation and technology can help farmers in their ongoing struggle against elements such as changing climate patterns and soil health,” said Sharma. “Bear Flag’s autonomous driving technology for farm machinery can increase crop yields, lower operating costs and ultimately lay the groundwork for more sustainable food production. “That’s right.
Bear Flag will provide leasing options for growers wishing to operate their own fleet of autonomous equipment. In addition, both full-service and hybrid models will be offered, where operations are supervised by a central location. Operations will start by the end of 2018.
About the Robotics Bear Flag
Bear Flag Robotics develops autonomous driving and implements control technology for agricultural tractors, freeing growers from monotonous driving hours and high labor costs to fill tractor seats. For more information on Bear Flag, follow Instagram @Bear_Flag_Robotics or Twitter @BFRobotics.
On True Ventures
True Ventures was founded in 2005 and is a Silicon Valley-based venture capital firm that invests in early-stage technology startups. More than $1 4 billion under management, True is providing seed and Series A funding to the most talented entrepreneurs in today’s fastest growing markets. The firm maintains a strong community that supports the founders and their teams, helping True Companies to achieve higher levels of success and impact. To date, True has helped more than 250 companies to launch and scale their businesses, creating more than 10,000 jobs worldwide. Visit www to learn more about True Ventures. Truthful adventures Come on,
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