Agtonomy, a leading software and services company specializing in automation and physical AI for agriculture and land management, announced it has raised $18 million in an oversubscribed Series B round led by DBL Partners, with participation from new investor Nuveen and existing backers Autotech, Allison Transmission, Rethink Food, and Black Forest Ventures.
The funding will be used to expand Agtonomy’s physical AI platform, integrate with more equipment manufacturers, and scale deployments across agriculture and off-road industries. The company’s platform enables AI-driven fleet intelligence and automation for field operations, helping customers cut labor costs while improving safety, efficiency, and sustainability.
KEY QUOTES:
“Agtonomy is at an exciting inflection point as we expand our commercial footprint and bring physical AI into everyday field operations. This investment round—and the support from DBL and Nuveen—underscores confidence not only in our technology and momentum, but also in the meaningful value we are delivering in real-world commercial operations today.”
Tim Bucher, Chief Executive Officer and Founder, Agtonomy
“DBL seeks out mission-driven, execution-orientated companies that not only disrupt their industries, but also deliver real-world benefits. Agtonomy fits squarely into the legacy of DBL’s portfolio by ushering in the next wave of highly-scalable, customer-centric physical AI in a way that delivers tangible performance gains and cost-savings, while setting a new standard for sustainability and profitability in food production and off-road industries worldwide.”
Jake Harris, Partner, DBL Partners
“Managing more than 2 million acres of farmland gives us a clear view into the pressures facing today’s operators, from labor shortages to rising operational complexity. Agtonomy’s physical AI platform addresses these real-world challenges through practical automation that works in tough environments. We believe this approach has strong applicability in agriculture and we are pleased to support Agtonomy’s continued growth.”
Mark Coelho, Head of Global Horticulture, Nuveen
