SwarmFarm Robotics confirms $14 million capital raise
- By: "Farm Tender" News
- Ag Company News
- Feb 02, 2018
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Be part of the robotic revolution of global agriculture A unique opportunity exists to invest in a world-leading Australian agricultural robotics company.
SwarmFarm Robotics manufactures robotic technology for farmers so they can deploy new farming methods to revolutionise food production. Having partnered with Bosch Australia to manufacture their robotic platform, SwarmFarm is preparing to deliver a new robot design to early-adopter farmers in 2018.
The company now seeks a total capital injection of approximately $14 million over the next two years to commercialise the SwarmBot robotic platform and fund business growth.
One of SwarmFarm’s Founders, Jocie Bate said: “Our Swarm Bot robot achieves a level of consistency and cost efficiency that has been unattainable using traditional farming methods. We believe this is the ideal platform to deliver the next wave of agricultural technology to farmers around the world.”
Gavin Smith, President of Bosch Australia believes that farmers are ready to enter the 4th revolution in agriculture, harnessing the power and potential of automation, sensing equipment, cloud computing and real-time data usage.
“We are delighted to be partnering with SwarmFarm to help bring about this transformation in Australian farming and the rest of the world,” said Mr Smith.
SwarmFarm’s innovative technology will help improve the productivity of current farming systems by offering small, lightweight, high-tech robotic machines that will operate in swarms to undertake key tasks within cropping systems, such as planting, weed and pest control, fertiliser application and harvesting. SwarmBots are already being successfully used in commercial broadacre cropping operations, with scope to expand the technology to other agricultural sectors.
SwarmBots operate through the use of software applications, with two applications already finalised – weed spraying and turf mowing.
Arrangements are in place for global crop protection specialists, ADAMA, to be SwarmFarm’s preferred global business partner. Dani Harari, Senior Vice President of Strategy and Resources, said: “ADAMA is thrilled to partner with SwarmFarm and to help take this young innovative Australian company to the world.”
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