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Location: United States, Massachusetts, Woburn
Total raised: $9.5M
Investors 8
Funding Rounds 2
| Date | Series | Amount | Investors |
| 13.08.2020 | Seed | $7.2M | AgFunder |
| 09.08.2018 | - | $2.3M | - |
Mentions in press and media 19
| Date | Title | Description |
| 01.12.2021 | Data Snapshot: Farm robotics startups raised $491m in H1 2021 to automate the basics | Data Snapshot is a regular AFN feature in which we analyze agrifoodtech market investment data provided by our parent company, AgFunder. Click here for more research from AgFunder and sign up to our newsletter to receive alerts about new re... |
| 23.11.2021 | Brief: Local Bounti completes $1.1bn SPAC merger to become latest listed CEA company | US indoor farming company Local Bounti has completed its merger with special purpose acquisition company (SPAC) Leo Holdings III Corp, which is listed on the New York Stock Exchange (NYSE). As a result of the deal, which completed November ... |
| 18.10.2021 | Brief: AeroFarms & Spring Valley terminate $1.2bn SPAC deal | US vertical farmer AeroFarms and special purpose acquisition company (SPAC) Spring Valley have scrapped their merger deal. The scuttled transaction, announced in March this year, would’ve seen Newark-based AeroFarms become a Nasdaq-listed p... |
| 19.08.2021 | Brief: Cox Enterprises acquires indoor ag startup BrightFarms | US indoor ag startup BrightFarms has been wholly acquired by media and communications conglomerate Cox Enterprises. Financial details were not disclosed. Atlanta-based Cox had been BrightFarms’ majority shareholder since it led the startup’... |
| 08.04.2021 | AppHarvest acquires Root AI to add AI-powered harvesting robots to its workforce | High-tech greenhouse startup AppHarvest has acquired Root AI, which uses AI to power robots that can help manage high-tech indoor farming operations. AppHarvest is acquiring Root AI for $60 million, consisting of $10 million in cash and the... |
| 02.09.2020 | Saga Robotics raises $11m to develop robo-strawberry pickers | Saga Robotics, a UK and Norwegian startup developing fleets of autonomous strawberry pickers and agri-robots that blast fungus with UV light, has just raised €9.5 million ($11.3 million). The funding round saw participation from three major... |
| 21.08.2020 | Global Agricultural Robotics and COVID-19 Impact, 2020 - Root AI Raised $7.2 Million in Seed Funding Bringing the Company's Total Funding Up to $9.5 Million | |
| 19.08.2020 | Intelligent Farming Robot Company Root AI Closes $7.2 Million In Funding | Intelligent farming robot company Root AI announced it has raised $7.2 million in a seed round of funding Intelligent farming robot company Root AI announced it has raised $7.2 million in a seed round of funding, according to BostInno. The ... |
| 13.08.2020 | Root AI raises $7.2m from AgFunder, Calacanis to deploy its ‘cross-crop robot’ workforce | Covid-19’s onset in the US coincided with one of the most important seasons on specialty crop farms across the country: harvest. As labor shortages and uncertainties surrounding the H2A visa program — and other pandemic-related factors — hi... |
| 13.08.2020 | Root AI raises $7.2M to overhaul the food economy with crop-picking robots | Root AI, a Woburn-based robotics company that has developed a specialized crop-picking robot, has brought in $7.2 million in seed funding. The oversubscribed round was led by Rob May of PJC, with participation from Josh Kopelman of First Ro... |
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