Robotics Startups Seek to Build a Better Self-Driving Lawn Mower [Business News Network (BNN) (Canada)]
Deere & Company (DE)
Last deere & company earnings: 2/21 06:45 am
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Source: Business News Network
One lesser-known area that's beginning to draw the attention of investors: autonomous lawn mowers. Electric Sheep Robotics Inc., which makes an add-on device for commercial mowers, plans to announce a $21.5 million funding round Tuesday led by Tiger Global Management. It's one of several companies with their eyes on green pastures. Lawn care is an unfamiliar domain for technology investors, particularly when it requires building expensive machinery. However, a recent explosion of capital into the private markets has enabled an eclectic mix of business ideas to flourish. Tiger is a primary force. The firm, once a fairly traditional hedge fund, was one of the most active startup financiers last year. A couple factors drew Tiger to lawn mowing. For one, turf grass takes up about 40 million acres in the U.S., according to Tom Cook, professor emeritus of horticulture at Oregon State University. That is on par with the nation's wheat crop. And automation could alleviate worker shortag
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DE
Earnings
- 2/15/24 - Beat
DE
Sec Filings
- 4/18/24 - Form 11-K
- 4/18/24 - Form 11-K
- 3/7/24 - Form 4
- DE's page on the SEC website