Silicon Valley Based Flag Robotics Raises $3.5 Million Funding Led by True Ventures
SUNNYVALE, Calif. -- Bear Flag Robotics today announced a $3.5 million seed funding round led by True Ventures. The Silicon Valley-based agtech company Bear Flag Robotics is developing autonomous driving and implements control technology for agricultural tractors, freeing growers from hours of monotonous driving and the high cost of labor to fill tractor seats.
As part of the raise, they have welcomed Rohit Sharma, venture partner at True Ventures, to the board. Including this round of funding, the company has raised $4.5 million total since Bear Flag Co-Founders Igino Cafiero and Aubrey Donnellan started the company in 2017.
Today’s growers compete for skilled labor with the construction, mining and trucking industries.
Research suggests that autonomous robots can lower labor expense...