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Ag News

Robots coming - SwarmFarm seeks $14 million capital raise

  • By: "Prime" Ag News
  • Jan 30, 2018

Reports are that PWC has been hired to source $14 million in capital for SwarmFarm to commercialise its fleet of robotic Farm Machines

These lightweight, smaller Machines work together in "swarms" to undertake such tasks as weed and pest control. They have the potential to also undertake Planting or Seeding, Fertiliser application, and even Harvesting

SwarmFarm will generate revenue from selling the SwarmBots, hiring them out and through monthly technology subscription fees. In a sales flier, the company was forecasting to earn up to $50 million in revenue in the 2023 financial year