Blue White Robotics, a platform that provides Robots-as-a-Service (RaaS) that enables farms to run themselves autonomously, announced on Thursday it has raised $37 million in Series B funding, led by New York-based global private equity and venture capital firm Insight Partners.
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Entrée Capital co-led this Series B after having seeded Blue White Robotics and participated in its Series A round. They are joined by Clal Industries, Jesselson Investments, Peregrine VC, Allied Group Investments, and Regah Ventures.
Blue White Robotics creates a cohesive experience across farming operations. By retrofitting existing infrastructure with intelligent autonomous algorithms, the robot tractors improve farm productivity, precision, and worker safety. Additionally, the Blue White Robotics platform collects and distributes data that creates new services to increase yields and reduce inputs for the growing autonomous operation.
The company has raised $50 million since it was founded in 2017.
"With this new round of investment by some truly world-changing leaders, we have the power to continue our vision for a safer, smarter, and productive autonomous farm for the 21st-century," explains Ben Alfi, co-founder and CEO of Blue White Robotics. "Our amazing team is excited by this renewed commitment to solve the many issues facing our modern farmer and the food system as a whole."
