Funding will be used to enhance vision-based autonomous technology and to drive commercialization efforts
SAN JOSE, Calif.--BUSINESS WIRE--
Bonsai Robotics Inc. (“Bonsai”), a leading developer of physical AI solutions for agriculture applications, today announced it has raised $15 million in Series A funding. Bison Ventures led the oversubscribed round with participation from new investor, Cibus Capital, and existing investors Acre Venture Partners, Congruent Ventures, Fall Line Capital, E14 Fund, SNR and Serra Ventures. The new funding will enable Bonsai to continue enhancing its software capabilities, expanding its physical AI platform and data set, driving additional OEM partnerships, and accelerating commercialization efforts.
“We have made significant progress building our AI model and data set for autonomous orchard management since our seed round of funding a year ago, so this additional funding is strong validation of the incredible work our team has accomplished and our future growth prospects,” said Tyler Niday, Co-Founder and Chief Executive Officer of Bonsai Robotics. “Additionally, this capital will allow us to continue to expand our partnerships with manufacturers and growers by delivering innovative physical AI technology solutions that address the most pressing challenges in agriculture today.”
With its flagship product, Visionsteer™, Bonsai provides technology designed to meet grower needs, offering data insights, crop analysis, notifications, job planning, and autonomous vehicle control. The Company is currently partnered with multiple equipment manufacturers and has deployed over 40 units with its integrated autonomous solution for tree nut orchard applications both in the U.S. and Australia. Furthermore, the Company has collected data from operations on over 500,000 acres, enabling it to provide leading physical AI technology that is helping a variety of orchard growers reduce operating and capital equipment costs, increase yields, and gain unparalleled insights not available before.
“Bonsai represents exactly what we look for at Bison — founders who combine deep technical expertise with industry knowledge to solve critical challenges,” said Tom Biegala, Founding Partner at Bison. “Their vision-based approach to agricultural automation has the potential to transform how specialty crops are grown, addressing the urgent labor and efficiency challenges facing growers while building toward a more sustainable future for agriculture.”
Bonsai is at the forefront of re-thinking basic autonomy from a first principle perspective for agriculture applications and is addressing some of the industry’s most urgent challenges including climate change, food security, labor shortages and rising grower costs.
About Bonsai Robotics Inc.
Bonsai Robotics Inc. is reimagining farming production systems with an AI-first approach to provide vision-based autonomous solutions for harsh environments. Based on patented AI models, a leading orchard data set and computer-vision software, Bonsai’s solutions integrate seamlessly to make OEM equipment operate autonomously. Bonsai technology can navigate in GNSS-denied environments, without a cellular or internet connection, making the highly affordable technology ideal for the toughest physical conditions where dust, darkness, debris, elevation changes and vibration may occur. Learn more at https://www.bonsairobotics.ai/.
About Bison Ventures
Bison Ventures is an early-stage venture capital firm investing in frontier technology companies that use innovative science and deep technology to address some of the world’s most pressing challenges. From solutions that address climate change to treating disease to meeting the world’s insatiable demand for compute, Bison backs bold, technical solutions that have potential for massive scale. Bison’s investors — Founding Partners Ben Hemani and Tom Biegala and Principals Ari Wright and Caleb Appleton — all come from engineering backgrounds. The team believes the most attractive investment opportunities exist at the intersection of multiple technical disciplines and are often ignored by the mainstream venture capital community. For more information, visit https://www.bison.vc.
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