Bluewhite's $39M Boost: Fueling Autonomous Agriculture

In the ever-evolving landscape of agriculture, technology continues to revolutionize traditional practices, and the latest breakthrough comes from Israeli startup Bluewhite, which recently secured a substantial $39 million in funding.

The startup's focus lies in autonomous robots designed to retrofit onto any tractor, enabling autonomous operation—a service model dubbed "robots-as-a-service."

The injection of funds will drive further research and development efforts, with a specific focus on enhancing data capabilities within its service stack, known as "Compass," and refining its autonomous hardware technology, branded "Pathfinder."

Bluewhite's technology, incorporating AI, computer vision, and advanced algorithms, offers comprehensive insights into crop management, aiding farmers in optimizing their yields.

Expanding its presence in existing markets and venturing into new territories are also on Bluewhite's agenda. The company has witnessed significant traction in the United States, particularly in California and Washington, catering to a diverse clientele ranging from small family farms to large-scale crop growers.

To date, Bluewhite's robots have amassed an impressive 50,000 hours of autonomous farming across 150,000 acres.

This latest funding round, classified as Series C, values Bluewhite between $200 million and $300 million post-money, marking a substantial increase from its $130 million valuation in 2021.

Insight Partners leads the round, joined by new investors Alumni Ventures and LIP Ventures, along with existing backers Entrée Capital, Jesselson, and Peregrine Ventures, as well as undisclosed contributors.

Source: Ingrid Lunden / TechCrunch