Santa Cruz Ventures has marked a significant milestone by closing its Round 1 investment with a substantial funding of $10.05 million in farm-ng, a startup at the forefront of developing robotics and AI solutions for sustainable agriculture. This Series A funding round was led by Acre Venture Partners and Xplorer Capital, alongside contributions from ten other investors, signaling strong confidence in farm-ng's mission to transform the agricultural sector.
Ethan Rublee, CEO and Founder of farm-ng, highlighted the critical role this investment will play in accelerating the company's manufacturing capabilities to meet burgeoning market demand. Furthermore, the funding is earmarked for enhancing autonomous farm capabilities, scaling go-to-market strategies, and fostering an ecosystem of applications aimed at ensuring farms thrive sustainably. farm-ng's commitment to ecological and economic sustainability is a testament to the potential of technology in revolutionizing how food is grown and accessed globally.
The Amiga, farm-ng's flagship product, embodies the company's innovative approach to agriculture. This modular electric robot is designed for versatility across various environments, tasks, and crops, offering farms a way to reduce operational costs, increase yields, and achieve a rapid return on investment. Its open and extensible software platform allows for seamless integration into farming applications, enabling endless customization by developers and partners. With over 100 Amigas deployed in less than 18 months, the robot has already made significant strides in executing a wide range of farming tasks, from seeding and precision spraying to pest management and data collection.
The agricultural sector is currently grappling with unprecedented labor challenges, including a $90 billion expenditure on repetitive and hazardous manual tasks in the U.S. alone. Factors such as reduced immigration and rising wages have exacerbated labor shortages, while climate-related costs continue to squeeze profit margins. farm-ng's robotics and AI solutions are poised to address these challenges head-on, offering productive and resilient farming operations, inclusive and sustainable practices, and a quick return on investment through appropriate technology. For more information on how farm-ng is shaping the future of agriculture, visit https://www.farm-ng.com.
