Burro, formerly known as Augean Robotics, an autonomy company providing solutions for the agriculture industry, has announced that it has raised a $10.9 million Series A. The round was led by S2G Ventures and Toyota Ventures, with F-Prime Capital and the Cibus Enterprise Fund joining, along with existing investors including Radicle Growth and ffVC.
“Many autonomy companies beginning in agriculture have focused first on autonomous tractors, autonomous weeding, and harvesting, where they try to comprehensively automate incredibly hard technical tasks, and often struggle to scale into a large market – we’ve started instead with collaborative people-scale robots that help people by moving heavy things around,” said Charlie Andersen, CEO of Burro. “The beauty of this approach is that we can scale today around a ubiquitous pain point in the most labor-intensive areas of agriculture, while also allowing our platform to capture data and learn about many environments – providing the foundation for us to scale to countless other applications.”
“Charlie and the Burro team have big plans to drive their product roadmap from a growing customer base, harden their technology through real-world use, and offer extended platform services that farmers need every day,” said Jim Adler, Founding Managing Director at Toyota Ventures. “Burro is already gaining traction in the big, broken but increasingly accessible agricultural market.”
“Burro’s product is in high demand because the team is hyper-focused on understanding and solving real agriculture use cases in a way that is simple and accessible,” said Sanjeev Krishnan, Managing Director and Chief Investment Officer at S2G Ventures. “We are thrilled to back Charlie and the team at Burro as they work side-by-side with growers to improve the social, environmental and economic outcomes of farm operations.”
As part of the round, Sanjeev Krishnan, will join the Board of Directors at Burro.
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.