Carbon Robotics, a leader in AI-based farming, announced that it has raised $70 million in Series D financing. The funding was led by new investor BOND with participation from existing investors NVentures (NVIDIA’s venture capital arm), Anthos Capital, Fuse Venture Capital, Ignition Partners, Revolution, Sozo Ventures, and Voyager Capital. This funding round brings the total company funding to $157 million. In connection with the funding, Mood Rowghani (general partner at BOND) will join Carbon Robotics’ Board of Directors.
This new funding round will help scale Carbon Robotics’ LaserWeeder business, introduce new software and hardware products, and expand manufacturing capabilities in Eastern Washington. And it will also support the company’s growth in new markets and continue its geographic expansion into Eastern and Southern Europe, and the Asia-Pacific region.
Carbon Robotics quickly emerged as the innovation leader in the agricultural industry with its AI-powered LaserWeeder. And growers in North America, Europe, and Australia have eliminated more than 10 billion weeds across 100 crop types without the use of chemical herbicides, hand labor, or soil disruption.
This funding comes on the heels of Carbon Robotics’ recognition on the CNBC Disruptor 50, Fast Company’s Best Workplaces For Innovators, and the Fortune Change The World lists. And these accolades underscore the Carbon Robotics team’s passion for innovation that creates a more prosperous and sustainable future.
KEY QUOTES:
“Carbon Robotics is uniquely positioned to deploy AI to transform the massive agriculture industry at a critical time. Its proven ability to execute and scale, combined with a visionary leadership team, makes it a clear standout in the space. This investment reflects our strong conviction in the central role Carbon Robotics will play in shaping the future of farming.”
-Mood Rowghani, general partner at BOND
“This funding represents a pivotal milestone not just for our company but for farmers and consumers worldwide. We’re leading a transformative shift, and this investment accelerates our ability to pioneer AI and robotics that will reshape farming for generations to come. I’m excited to have the strong backing of BOND and existing investors like NVentures and to welcome Mood Rowghani to our Board.”
-Paul Mikesell, CEO and founder of Carbon Robotics
