Bluewhite, the agricultural Robot-as-a-Service (RaaS) company enabling data-driven autonomous farming, announced this week that it secured $39 million in Series C financing led by Insight Partners, with participation from new investors Alumni Ventures and LIP Ventures, among others.
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Existing investors Entrée Capital, Jesselson, and Peregrine Ventures also participated in the financing round. The company, which already works with over 20 of the leading permanent crop growers in the US, will use the funds to further scale its agricultural autonomous tractor and farming solutions, and expand into new markets worldwide based on its successful track record.
"Having already proven the commercial success of our solution with growers, this new round of funding will enable us to continue providing sustainable autonomous innovation to more markets and work with different types of partners across the ecosystem to impact every level of the food supply chain," said Ben Alfi, co-founder and CEO of Bluewhite. "This next phase of our growth will help provide unprecedented transparency throughout the food supply chain and ensure healthier, safer, and more sustainable food production and consumption. We are thrilled to have forward-thinking investors and amazing customers who share our vision to make sustainable, autonomous farming a reality worldwide."
