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John Deere Acquires Bear Flag Robotics to Accelerate Autonomous Technology on the Farm
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John Deere Buys Autonomous Driving Startup Amid Labor Shortages
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NEWARK, Calif., Jan. 21, 2021 /PRNewswire/
Bear Flag Robotics today announced a $7.9 million seed extension funding round led by True Ventures. The Silicon Valley-based agtech company is developing autonomous technology for farm tractors, which enables growers to increase productivity and improve safety on their farms. True Ventures led the round with participation from Graphene Ventures, AgFunder, D20 and Green Cow VC. Including this round of funding, the company has raised $12.5 million total since Bear Flag Co-Founders Igino Cafiero and Aubrey Donnellan founded the company in 2017.
Today s growers are faced with the difficult proposition of increasing productivity with continuously rising costs and limited resources. The farm labor pool is disappearing and increasing in cost,