Advanced Farm Technologies, a Davis, CA-based developer of robotic farming equipment, raised a $7.5m Series A funding round.
The round was led by Yamaha Motor Ventures & Laboratory Silicon Valley (“YMVSV”), the strategic business development and investment arm of Yamaha Motor Co., Ltd. (Tokyo: 7272), with participation from Kubota Corporation, Catapult Ventures and Impact Venture Capital.
The company intends to use the funds to continue to expand operations and its business reach.
Led by Marc Grossman, CEO, Advanced Farm Technologies develops robotic technology for farmers. In 2019, the company commercialized the T-6 robotic strawberry harvester, designed specifically for soil-planted beds.
Founded in 2015, Yamaha Motor Ventures & Laboratory Silicon Valley is a wholly-owned subsidiary of YMC supporting its long-term goal to contribute to society through business. The arm manages the $100m Yamaha Motor Exploratory Fund, an investment vehicle with a 10-year lifecycle focused on seed to Series B investments. Headquartered in the home of innovation, Silicon Valley, Calif., with an office in Sydney, Australia, YMVSV also offers business development resources to startup companies to drive innovation forward in the fields of mobility, sustainability, robotics, food and agriculture, health and wellness, and aviation.
FinSMEs
27/08/2019