Agtonomy, a pioneer in AI-based automation software for agriculture and land maintenance, announced it has raised an additional $10 million to close its Series A round, bringing the total funding to $32.8 million. Leading mobility venture fund Autotech Ventures led the round. And new investors include Rethink Food, Allison Transmission, and Black Forest Ventures. Existing backers Toyota Ventures, Flybridge, and Cavallo Partners continued their support.
This significant investment, combined with Agtonomy’s commercial offerings and scalable business model, positions the company for accelerated growth and market expansion over the next few years.
This funding marks a significant moment in Agtonomy’s mission to address labor and climate change challenges through advanced automation for industrial equipment fleet management.
Agtonomy’s growth plans include scaling its West Coast technical team into new markets, expanding its 2025 paid pilot program for permanent crops by 500%, and developing technology solutions for other industrial markets that seek world-class automation to improve margins.
Sterling Anderson, a Silicon Valley icon who led the team that created the original Tesla Autopilot and co-founded the leading independent developer of on-road autonomy, will join Agtonomy’s diverse Board of Directors.
In May, Agtonomy also announced that Jorge Heraud, formerly John Deere’s vice president of automation and autonomy, joined the Board, which includes co-founders Tim Bucher and Valerie Syme and Board Chair Jim Meyer, former SiriusXM CEO and current Vice Chair.
KEY QUOTES:
“Agtonomy’s innovative approach aligns with our mission to revolutionize mobility and automation across various sectors, starting with off-road autonomy. Their unique business model, which combines software expertise with established OEM partnerships, positions them to lead the transformation to autonomous fleet management. We look forward to supporting Agtonomy’s experienced team as they address critical labor shortages and sustainability challenges in these industries.”
-Alexei Andreev, founding partner of Autotech Ventures
“The impact Autotech has already had on our business is expansive. We could not have had a better lead investor in this round than this talented group who have focused on the world of mobility since their inception.”
-Tim Bucher, CEO and Co-Founder of Agtonomy
“Agriculture is a vast and essential element of the human experience. Autonomy can make it better. I’ve been impressed with Agtonomy’s approach, focus, and execution to date and look forward to advising them on this important journey.”
-Sterling Anderson, Co-Founder and Chief Product Officer of Aurora
“By bringing together some of the most impactful technology leaders, our Board is enabling additional firepower in corporate strategy and governance to bring Agtonomy to its full potential.”
-Valerie Syme, co-founder and COO of Agtonomy
