British agriculture robot company, Small Robot Company, announced today that it has raised £4 million (~$5.5M USD) through its equity crowdfunding campaign on Crowdcube. This brings the total amount for funding raised by Small Robot to £11 million (~$15.12M USD).
Small Robot Company uses a combination of robotics and artificial intelligence to help farmers manage their fields. Small Robot makes a trio of robots dubbed, Tom, Dick and Harry that map fields, zap weeds, and do no-till drilling, respectively. The whole system is tied together with the Wima AI that uses computer vision to identify weeds and gather per-plant intelligence.
This is Small Robot’s fourth trip to the crowdfunding well, and this particular campaign got off to strong start in July when the company raised £2M (~$2.75M USD) on its first day. Small Robot isn’t the only ag robotics company going the equity crowdfunding route. Future Acres, which makes an autonomous driving platform for a number of farm is crowdfunding as well.
Agriculture is an area that is ripe for automation as the industry faces ongoing labor shortages and extremely harsh working conditions. Robots can work in the fields in extreme heat all day without injury or sickness, and can bring precision to tasks such as weeding to reduce the need for harsh herb and pesticides.
One indicator of the opportunity in agriculture automation is the fact that Bear Flag Robotics, which makes autonomous driving technology for tractors, was acquired by John Deere earlier this month for $250 million.
If you’d like to learn more about the state or agriculture and robotics, watch the video from the “Crops and Robots: How Automation is Changing Agriculture” panel we held at our ArticulATE food robotics conference in May that featured Aubrey Donnellan, Founder and COO of Bear Flag Robotics (Spoon Plus subscription required).
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