- Aigen, an AI-driven robotics company, has secured $12 million in Series A financing.
- The funding round will support the expansion of Aigen’s innovative solutions for sustainable farming.
- The funding will also enable Aigen to scale and expand its robotic fleet, preparing for a launch on over 20,000 acres of U.S. farmland in April 2024.
US-based AI-driven robotics company, Aigen, has raised $12 million in Series A financing led by ReGen Ventures along with New Enterprise Associates (NEA), Cleveland Avenue, Incite, and Susquehanna Private Equity Investments LLLP.
Founded by Rich Wurden and Kenny Lee in 2020, Aigen is building sustainable and innovative solutions for farmers to grow their produce. The company aims to provide farmers with cutting-edge technology, such as solar and wind-powered vehicles, which reduces dependency on fossil fuels and promotes eco-friendly farm operations. Aigen’s Element robotic fleet is said to be able to “autonomously navigate, weed, and analyse row crops without any chemicals or diesel fuel.”
This funding will enable the company to scale and expand its robotic fleet, in preparation for launching on farms in 2024. The Aigen Element robotics service will debut on over 20,000 acres of U.S. farmland in April, to transform weed control and real-time farming insights.
“ReGen Ventures believes that innovation is the cornerstone of a regenerative future, and that’s why we invest in visionary companies like Aigen,” said Rose Marcario, Partner at ReGen Ventures. “The Aigen team’s exceptional progress in hardware and software development has us eagerly supporting their next phase – scaling.”
(Read also: Italian Plant-Based Cheese Startup Dreamfarm Secures €5 Million Funding for Expansion)
“Agriculture is the intersection of human health and planetary health and that’s why we focused on creating technology for farmers that is both profitable and sustainable. Our robotic fleet empowers farmers to escape the conventional system of chemical dependency,” said Lee, co-founder and CEO of Aigen.
Download the Ebook now
“Aigen wouldn’t have been possible a few years ago, because the technology wasn’t there. Today, we have a great team working on the cutting edge of AI, robotics, electric motors, and solar power,” said Wurden, co-founder and CTO of Aigen. “Thanks to technological advances in all those areas and the incredible work of our team, we are automating farming solutions that have worked for thousands of years and helping farmers get chemicals off their farms and out of our food.”
Aigen has been able to successfully demonstrate, scale, and integrate technologies that address herbicide-resistant weeds. The company, with a total of $19 million raised, is constructing a 7,500 sq ft manufacturing and R&D facility for their solar-powered robotic fleet.
