All posts tagged: 10.5M

Eyeing vision-based autonomy for farm equipment, Bonsai Robotics raises .5M

Eyeing vision-based autonomy for farm equipment, Bonsai Robotics raises $10.5M

One can’t accuse Bonsai Robotics of lacking focus. The Bay Area-based firm is starting with trees – specifically nut trees. Like most labor-intensive sectors these days, farms have suffered from a profound lack of available workers, so the startup began striking deals with OEMs to outfit heavy farming equipment with its vision-based autonomy. This morning, Bonsai announced a $10.5 million seed round, led by Acre Venture Partners and featuring E14, Congruent, Serra Ventures, Fall Line Capital, SNR Ventures and Andros. The seed round brings the company’s total raise up to $13.5 million. Asked about the large price tag for a seed round, founder and CEO  Tyler Niday tells TechCrunch, “Robotics companies require more capital earlier in their lifecycle to come to market as we have product and a sales model that is more complex than the average SaaS company – we’ve observed many robotics companies fail from lack of capital early in their lifecycle and we’re determined to be here for the long run.” Niday says the funding will go toward building out Bonsai’s R&D …