Work Here?
About FarmWise
Industries
Food & Agriculture
AI & Machine Learning
Company Size
51-200
Company Stage
Debt Financing
Total Funding
$67.8M
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. FarmWise targets farmers seeking cost-effective ways to manage their crops, offering two models of the Vulcan machine that can handle multiple lines of crops. The company generates revenue by selling these machines and providing ongoing support, including remote monitoring and maintenance services. Unlike competitors, FarmWise's technology is compatible with standard tractors and features an open architecture for better operator visibility. The goal of FarmWise is to enhance farming operations by offering efficient and reliable automated solutions.
Simplify's Take
What believers are saying
- Partnership with RDO Equipment Co. expands market reach in the Southwest region.
- Recent $10 million funding round provides resources for development and expansion.
- 70% of specialty crop growers investing in automation indicates a growing market for FarmWise.
What critics are saying
- Decreased investment in farm robotics sector may limit future funding opportunities.
- Complexity of specialty crop farming in California may hinder Vulcan's adoption.
- High automation costs may restrict FarmWise's market to larger farms with capital.
What makes FarmWise unique
- FarmWise's Vulcan uses advanced computer vision for precise weeding, reducing manual labor.
- The company offers a unique training and support program for its mechanical weeding implements.
- FarmWise's open architecture ensures compatibility with industry-standard tractors, enhancing usability.
Help us improve and share your feedback! Did you find this helpful?
Funding
Total Funding
$67.8M
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
↓ -3%1 year growth
↑ 0%2 year growth
↓ -1%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
Listen to this article. FarmWise is an agtech company pushing the boundaries of automation in agriculture by harnessing the power of computer vision and artificial intelligence (AI). Its flagship product, the Vulcan precision weeding implement, is designed to optimize weed control management on vegetable farms in California, which have been slow to automate due to the complex and versatile nature of specialty crop farming. By combining cutting-edge technology with custom-built components, FarmWise enhances efficiency, increases crop yields, and addresses labor shortages with a high-accuracy and fully mechanized process to remove weeds
According to filings with the U.S. Securities and Exchange Commission, Farmwise Labs is raising up to $10,000,000.00 in new funding. Sources indicate that as part of senior management President and Chief Executive Officer, Tjarko Leifer
FarmWise: The company raised $10 million of venture funding in the form of convertible debt from undisclosed investors on May 1, 2024.
FarmWise is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today
About FarmWise
Industries
Food & Agriculture
AI & Machine Learning
Company Size
51-200
Company Stage
Debt Financing
Total Funding
$67.8M
Headquarters
Santa Clara, California
Founded
2016
FarmWise is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today