Bluewhite – an agricultural Robot-as-a-Service (RaaS) company enabling data-driven autonomous farming – recently announced that it secured $39 million in Series C financing led by Insight Partners, with participation from new investors Alumni Ventures and LIP Ventures, among others. And existing investors Entrée Capital, Jesselson, and Peregrine Ventures also participated in the financing round.
The company – which already works with over 20 of the leading permanent crop growers in the US – will utilize the funds to further scale its agricultural autonomous tractor and farming solutions, and expand into new markets worldwide based on its successful track record. Bluewhite’s autonomous farming solution is breaking down barriers by equipping growers’ existing fleets with unique proprietary autonomous technology and a user-friendly experience to provide growers with data-driven insights to help better manage their farms, thus increasing yields and profitability.
Bluewhite combines hardware and software into a single solution, enabling completely remote fleet and data management. And the company’s Pathfinder product is retrofitted onto any tractor and leverages computer vision, AI, and smart implements integration to navigate and execute multiple tasks autonomously, from crop seeding and spraying to mowing and harvesting, even in challenging conditions. Compass – the software-as-a-service (SaaS) component of Bluewhite’s solution – collects data from the field, analyzes it using advanced AI algorithms, and provides real-time dashboards, reports and insights, ensuring maximum efficiency across farm operations on any device.
Bluewhite’s autonomous solution could be applied across all permanent crop types, including nuts, berries, apples, grapes, hops, stone fruit, and more. The company’s solution has already helped execute more than 50,000 hours of autonomous farming activity across 150,000 acres of crops in California and Washington, USA.
KEY QUOTES:
“Having already proven the commercial success of our solution with growers, this new round of funding will enable us to continue providing sustainable autonomous innovation to more markets and work with different types of partners across the ecosystem to impact every level of the food supply chain. This next phase of our growth will help provide unprecedented transparency throughout the food supply chain and ensure healthier, safer, and more sustainable food production and consumption. We are thrilled to have forward-thinking investors and amazing customers who share our vision to make sustainable, autonomous farming a reality worldwide.”
– Ben Alfi, co-founder and CEO of Bluewhite
“Particularly in these challenging times, we’ve been excited to see Bluewhite defy the odds and successfully deploy its solution while also raising this next round of funding so it can continue to scale. The combination of Bluewhite’s unique autonomous technology and incredible team have led the company to rise above the pack, and we’re thrilled to be working with them as they move into this next critical phase.”
– Daniel Aronovitz, Principal at Insight Partners and Bluewhite Board Member
