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About FarmWise
Industries
Food & Agriculture
AI & Machine Learning
Company Size
51-200
Company Stage
Debt Financing
Total Funding
$75.2M
Headquarters
Santa Clara, California
Founded
2016
Overview
FarmWise provides solutions to modern farming challenges through its automated weeding machine called Vulcan. This machine utilizes computer vision and machine learning to perform precise weeding tasks, which helps increase efficiency and reduce the need for manual labor in farming. The Vulcan comes in two models, single-bed and triple-bed, capable of managing 1 to 8 lines of crops per bed, making it versatile for various farming operations. FarmWise generates revenue by selling these machines and offering ongoing support, including remote monitoring and maintenance services. The technology is compatible with standard tractors and features an open architecture for operator visibility. The goal of FarmWise is to provide farmers with cost-effective and efficient tools to enhance their crop management.
Simplify's Take
What believers are saying
- Taylor Farms' acquisition could provide strategic support and resources for FarmWise.
- Partnership with RDO Equipment Co. expands market reach in the Southwest.
- Recent $10 million funding boosts capital for operations and development.
What critics are saying
- Increased competition in the ag-tech sector may impact FarmWise's market share.
- Overall decline in agrifoodtech investment could limit future funding opportunities.
- Taylor Farms' acquisition may lead to strategic shifts affecting FarmWise's focus.
What makes FarmWise unique
- FarmWise's Vulcan uses advanced computer vision for precise weeding tasks.
- The company offers both single-bed and triple-bed weeding implements.
- FarmWise provides ongoing support, including remote monitoring and mobile mechanics.
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Funding
Total Funding
$75.2M
Above
Industry Average
Funded Over
4 Rounds
Benefits
Competitive salary & equity
Unlimited/flexible PTO
9 company-wide holidays
Health Benefits & HSA options
401(k) with Company Match
Company-provided lunches several times a week
Growth & Insights and Company News
6 month growth
↑ 20%1 year growth
↑ 16%2 year growth
↑ 20%Taylor Farms acquires FarmWise to strengthen ag-tech strategy.
Best known for its Vulcan next-generation, intra-row weeder and precision cultivator, FarmWise announced plans last month to “wind down” operations by April 1 due to lack of funding.
Taylor Farms acquires FarmWise to drive future of agriculture.
FarmWise partners with RDO Equipment Co. to expand precision weeding solutions in the Southwest.
The farm robotics sector has shown some resilience in 2024 and continues to bring innovative products to market, despite the challenging year for fundraising. In the first half of 2024, the AgFunder-defined Farm Robotics, Mechanization, and Equipment category has raised nearly $399 million, a 21.1 % decline from $505.5 million in H1 2023. [Disclosure: AgFunderNews’ parent company is AgFunder.]. However, this drop needs to be considered in the context of a general investment contraction that has characterized the last 18 months. Overall agrifoodtech investment was also down in H1 2024: 12.5% compared to H1 2023. The drop in funding to the robotics sector is more or less in line with general trends
FarmWise is Hiring for 2 Jobs on Simplify!
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About FarmWise
Industries
Food & Agriculture
AI & Machine Learning
Company Size
51-200
Company Stage
Debt Financing
Total Funding
$75.2M
Headquarters
Santa Clara, California
Founded
2016
FarmWise is Hiring for 2 Jobs on Simplify!
Find jobs on Simplify and start your career today