Orchard Robotics Raises $3.8M led by General Catalyst to Build Robots & AI that Power Precision Crop Management [Yahoo! Finance]
HubSpot, Inc. (HUBS)
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Source: Yahoo! Finance
SEATTLE, March 28, 2024 (GLOBE NEWSWIRE) -- Orchard Robotics, the company enabling precision crop management with robots and AI, announced today their $3.8M raise, across a seed round led by General Catalyst, and a pre-seed led by Contrary. In this oversubscribed round, they are joined by Humba Ventures, Soma Capital, Correlation Ventures, and VU Venture Partners, Ben Taft's Genius Ventures, along with notable angel investors Howard Lerman, Joshua Browder, Rory and Kieran O'Reilly, and many others. The company has engineered AI-driven camera systems designed to be affixed onto any farm vehicle, collecting precise data (including fruit count, size, color, growth rate, and more) pertaining to the fruit on each individual tree. Currently, the company's technology is used by many of the largest fruit growers in the nation to maximize yield and quality in the field, and make strategic supply chain decisions post-harvest. Orchards can have millions of trees, growing hundreds of million
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