A brand new participant is leaping into the precision agriculture market with an autonomous drone platform. American Robotics, a Boston based mostly drone developer targeted on agricultural automation, introduced it has raised $1.1 million in seed funding. Angel traders led the spherical that included Brain Robotics Capital LLC, a fund targeted on science-backed firms in the AI, Robotics, and IoT industries.
The funding can be used to additional develop American Robotics’ built-in drone system for industrial farming and to develop its workforce. The firm was based by Reese Mozer, an alumni from Carnegie Mellon and Vijay Somandepalli, who graduated from Stanford. They plan to pilot the product this summer time.
According to their press launch, “The US agricultural industry loses billions of dollars of crops annually to preventable problems and spends billions in chemicals, water, and other inputs fighting this loss. In 2012, $17.5 billion of crops were lost to due to drought and heat damage alone. Furthermore, every year US farmers lose 12 percent of their crops to pests and another 12 percent to disease. Traditional scouting solutions are not adequate and agtech is looking to automation and big data to improve agricultural decision-making and yields.”
“Our mission is to expand the possibilities of precision agriculture,” mentioned Reese Mozer, Co-Founder and CEO of American Robotics. “Farmers are looking to automation to help tackle the issue of producing more food to support the growing population in a more sustainable way. To do that, they need a reliable tool. We are employing cutting-edge automation, intelligence, and an IIoT mindset to develop a practical, turn-key solution.”
“There are many drone companies in the world, and it’s no surprise that it is a red ocean market,” mentioned Pei Qi, Founding & Managing Partner, Brain Robotics Capital. “American Robotics is one of very few who can provide a real full stack of solutions for a very specific application field. More importantly the team understands the business rather than just the technology. That’s why we believe they can define the new standard in agriculture.”
There are various drone companies with some vital traction in the precision agriculture market. They embody DroneDeploy, PrecisionHawk, and Kespry, amongst others. How American Robotics will stack up in opposition to them in phrases of options or worth can be fascinating to look at.
American Robotics relies in the MassRobotics collaboration area in Boston, an rising hub for robotics startups.