Blue White Robotics raises $37 million in Series B for autonomous farming
Summary
Blue White Robotics, a ‘robot-as-a-service’ (RaaS) platform for autonomous systems, has today announced that it has raised $37 million in a Series B round led by Insight Partners. “With this new round of investment by some truly world-changing leaders, we have the power to continue our vision for a safer, smarter, and productive autonomous farm for the 21st-century,” explains Ben Alfi, co-founder and CEO of Blue White Robotics. “Our amazing team is excited by this renewed commitment to solve the many issues facing our modern farmer and the food system as a whole.” Blue White Robotics ‘retrofits’ existing infrastructure in farming operations with autonomous algorithms to help with their sprays, harvesting, disking, and seeding. “Farming is an industry that has seen little progress since the advent of the tractor, and it’s time for farmers to enjoy the same advancements in technology as others,” said Daniel Aronovitz, Vice President at Insight Partners. Avi Eyal, Managing Partner of Entrée Capital, praised the “exceptional competence” of Blue White Robotics, adding that its platform has “made the disruption of the agricultural industry now possible.” Blue White Robotics was founded in 2017 and has raised a total of $50 million to help diminish labor resources and reduce the climbing costs facing the agriculture sector.