Sabanto, a Chicago, IL-based swarming farm autonomy company, raised $17M in Series A funding.
The round was led by Fulcrum Global Capital, with participation from DCVC Bio, Hico Capital, Yara Growth Ventures, Cavallo Ventures, Johnsonville Ventures, and Trimble Ventures. In conjunction with the funding, John Peryam, co-founder and partner at Fulcrum, joined Sabanto’s board of directors.
The company intends to use the funds to accelerate its mission to make autonomy an affordable, reliable, and scalable solution for farmers throughout the world, to increase its Farming-as-a-Service operations to more farmers, on more crops, over more acres, across more states.
Led by CEO Craig Rupp, Sabanto accelerates autonomy in agricultural machinery to solve two primary problems: (i) the increasingly acute scarcity of labor in rural areas and (ii) ever-increasing capital expenses for modern ag machinery. The company has proven its ability to automate a variety of row crop field operations over significant acres throughout the Midwest. Leveraging a fleet of smaller 60 and 90 HP tractors, Sabanto has autonomously tilled, planted, seeded, weeded, applied, and mowed across Illinois, Iowa, Indiana, Missouri, Nebraska, Minnesota, North Dakota, Wisconsin, and Texas.
FinSMEs
18/08/2022