AgriTech Startup Raises $39M For Autonomous Farming Platform

An Israeli agritech startup has raised $39 million for its autonomous tractor and farming solution, which reduces the cost of crop production by as much as 75 percent. 

Bluewhite’s proprietary Robot-as-a-Service (RaaS) platform is installed on growers’ vehicles, using sensor technology and advanced AI algorithms to provide data about the functioning of their farms, helping to improve management and increasing yields and profitability.

The Series C round was led by international venture capital firm Insight Partners, along with new investors Alumni Ventures and LIP Ventures. Other existing investors Entrée Capital, Jesselson and Peregrine Ventures also contributed to the funding round. 

The company, which has offices in California and Tel Aviv, already works with more than 20 leading American crop growers and will use the funding round to penetrate new international markets. 

“Having already proven the commercial success of our solution with growers, this new round of funding will enable us to continue providing sustainable autonomous innovation to more markets and work with different types of partners across the ecosystem to impact every level of the food supply chain,” said Ben Alfi, co-founder and CEO of Bluewhite. 

“This next phase of our growth will help provide unprecedented transparency throughout the food supply chain and ensure healthier, safer, and more sustainable food production and consumption. We are thrilled to have forward-thinking investors and amazing customers who share our vision to make sustainable, autonomous farming a reality worldwide,” he said.