Agtonomy Secures $10M to Close Series A Funding Round, Accelerating AI Automation in Agriculture

Agtonomy has raised an additional $10 million to close its Series A funding round, bringing total investment to $32.8 million. This significant capital infusion, led by Autotech Ventures with participation from new investors including Rethink Food, Allison Transmission, and Black Forest Ventures, positions the company for accelerated growth and market expansion. Existing backers Toyota Ventures, Flybridge, and Cavallo Partners continued their support, demonstrating strong investor confidence in Agtonomy's mission to address labor and climate change challenges through advanced automation for industrial equipment fleet management.

Alexei Andreev, founding partner of Autotech Ventures, emphasized the strategic importance of this investment, stating that Agtonomy's innovative approach aligns with their mission to revolutionize mobility and automation across various sectors. The company's unique business model combines software expertise with established OEM partnerships, positioning them to lead the transformation to autonomous fleet management. This funding marks a pivotal moment as Agtonomy addresses critical labor shortages and sustainability challenges in agricultural and industrial sectors.

The immediate growth plans include scaling the West Coast technical team into new markets, expanding the 2025 paid pilot program for permanent crops by 500 percent, and developing technology solutions for other industrial markets seeking world-class automation to improve margins. Tim Bucher, CEO and Co-Founder of Agtonomy, highlighted the expansive impact Autotech has already had on their business, noting they could not have had a better lead investor for this round.

Adding to the company's momentum, Sterling Anderson, a Silicon Valley icon who led the team that created the original Tesla Autopilot and co-founded the leading independent developer of on-road autonomy, will join Agtonomy's diverse Board of Directors. Anderson expressed his enthusiasm for the agricultural sector, stating that autonomy can make this vast and essential element of the human experience better. He has been impressed with Agtonomy's approach, focus, and execution to date and looks forward to advising them on this important journey.

The board's strength was further enhanced in May when Jorge Heraud, formerly John Deere's vice president of automation & autonomy, joined the leadership team. The board now includes both co-founders Tim Bucher and Valerie Syme, along with Board Chair Jim Meyer, former SiriusXM CEO and current Vice Chair. Valerie Syme, co-founder and COO of Agtonomy, emphasized that by bringing together some of the most impactful technology leaders, their board is enabling additional firepower in corporate strategy and governance to bring Agtonomy to its full potential. For more information about their technology solutions, visit https://www.agtonomy.com/.