Bonsai Robotics Scores $13.5 Million Seed Round

<p><strong>SAN JOSE<&sol;strong> &&num;8212&semi; <u>Bonsai Robotics<&sol;u>&comma; which helps farmers with computer vision-based automation solutions&comma; has raised a &dollar;13&period;5 million seed round led by Acre Venture Partners with participation from E14&comma; Congruent&comma; Serra Ventures&comma; Fall Line Capital&comma; SNR Ventures&comma; Andros&comma; and angels including Travis Deyle &lpar;founder of Cobalt Robotics&rpar;&comma; Lee Redden &lpar;founder of Blue River Tech&rpar;&comma; and Matt Barnard &lpar;founder of Plenty&rpar;&period; Bonsai Robotics plans to use the funds to accelerate its product roadmap and invest in both hiring and sales &amp&semi; marketing&period;<&sol;p>&NewLine;<p>Bonsai Robotics is focused on environments where traditional GPS&comma; stereovision&comma; time of flight sensors and LIDAR-based autonomy systems fail&period; Its first market is orchards – specifically nut orchards – a space that’s been beleaguered by severe labor shortages&comma; environmental pressure and price pressure&comma; and so challenging and adverse that even decades old autosteer technology used in row crops does not work&period; Bonsai Robotics solutions are integrated with OEM farm equipment to allow vehicles to autonomously traverse orchards without human operators&period; Because Bonsai Robotics software leverages AI SLAM &lpar;Simultaneous Localization and Mapping&rpar; technology built using a data set of tens of thousands of acres&comma; it can operate in adverse conditions including remote areas with dust&comma; debris&comma; heavy vibration and unreliable GPS coverage&period; Bonsai Robotics can also integrate with the many different machines used in an orchard&period; The company has already forged relationships with key OEMs including OMC and Flory Industries&comma; and with strategic partner Danfoss&period;<&sol;p>&NewLine;<p>Several Calif&period; growers participated in trials of Bonsai Robotics technology in their fields in 2023&period; One is Pomona Farming&period; &OpenCurlyDoubleQuote;The results we saw from Bonsai Robotics were outstanding&comma;” said Ceil Howe at Pomona Farming&period; &OpenCurlyDoubleQuote;The system seamlessly adapted to any field condition and enabled us to harvest faster than when we used traditional shakers alone&period; This is the most transformative technology I’ve seen in ag tech since the advent of GPS &&num;8211&semi; it will redefine how we approach orchard management and harvesting&period;”<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Bonsai Robotics is combating growers’ biggest challenge&colon; the labor shortage&comma;” said Lucas Mann&comma; Managing Partner at Acre Venture Partners&comma; a firm focused on sustainability in the food system&period; &OpenCurlyDoubleQuote;This is the type of innovation that will drive fundamental change to improve access to fresh food and lighten the footprint of each acre&period; After years looking into robotics and autonomy&comma; we feel Bonsai presents the best solution we’ve seen and look forward to working closely with Tyler&comma; Ugur and the team to make Bonsai ubiquitous in orchards and beyond&period;”<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;To date&comma; GPS-based computer vision systems have failed in harvest conditions&comma; meaning all machinery had to be operated by humans&comma;” said Ugur Oezdemir&comma; co-founder of Bonsai Robotics&period; &OpenCurlyDoubleQuote;Our team has a deep background in ag tech&comma; autonomous vehicles and computer vision&comma; and we were determined to solve this problem&period; We did it through state-of-the-art 3D vision techniques using standard&comma; durable automotive cameras to keep the cost down&period;”<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Early feedback from OEMs and our grower customers has been outstanding&comma;” said Tyler Niday&comma; co-founder and CEO of Bonsai Robotics&period; &OpenCurlyDoubleQuote;With our use case now proven&comma; Bonsai Robotics can move forward with expansion into other areas of agriculture and beyond to other off-road environments&period; We’re thankful to our investors and customers for their support and looking forward to what’s to come&period;”<&sol;p>&NewLine;

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