Aigen, an AI-driven robotics company, has recently secured $12 million in Series A financing from prominent investors including ReGen Ventures, NEA, Cleveland Avenue, Incite, and Susquehanna Private Equity Investments LLLP. With this funding, Aigen is expanding its manufacturing capacity to meet the growing demand and usher in a new agricultural era that is both sustainable and scalable.
Focused on creating innovative solutions for farmers, Aigen is the pioneer in developing solar-powered autonomous robots for crop management without the need for chemicals or fossil fuels. By harnessing the power of AI, ML, solar energy, and cutting-edge battery technology, Aigen’s Element robots offer farmers a reliable, sustainable alternative that saves both time and money.
“Aigen is defining a new era for agriculture, where farmers prosper and people are healthier. Getting chemicals out of our food is not only incredibly important for fighting climate change, it’s also personal for Kenny and Rich,” said Swati Mylavarapu, managing partner at Incite. “The Aigen team embodies what Incite looks for in our investments: talented entrepreneurs who have the power to make the world a better place. We are thrilled to be joining them.”
With a total funding of $19 million, Aigen has successfully integrated all critical technologies needed to tackle farmers’ most pressing problem: eliminating herbicide-resistant weeds at scale. To facilitate this mission, Aigen is establishing a state-of-the-art 7,500 sq ft manufacturing and R&D facility dedicated to producing their solar-powered robotic fleet.
“Agriculture is the intersection of human health and planetary health, and that’s why we focused on creating technology for farmers that is both profitable and sustainable. Our robotic fleet empowers farmers to escape the conventional system of chemical dependency,” said Kenny Lee, co-founder and CEO of Aigen. “Thank you to our amazing team who have accomplished so much in the past year. We are humbled by the support of our investors and incredibly excited to scale our fleet into 2024 and beyond.”
Through Aigen’s ground-breaking Element robotics service, which will debut on over 20,000 acres of U.S. farmland in April 2024, weed control and real-time farming insights will be transformed. With the aim of decarbonizing agriculture and improving human and planetary health, Aigen is building a future where harmful chemicals are eradicated from our food, and both farmers and the environment thrive.
Q: What makes Aigen’s robots unique?
A: Aigen’s robots are truly solar-powered, autonomous machines that manage crops without the use of chemicals or fossil fuels. They combine advanced technologies such as AI, ML, and cutting-edge batteries for a sustainable farming solution.
Q: How is Aigen funding its expansion?
A: Aigen has secured $12 million in Series A funding from investors ReGen Ventures, NEA, Cleveland Avenue, Incite, and Susquehanna Private Equity Investments LLLP.
Q: What problem does Aigen solve for farmers?
A: Aigen addresses the issue of eliminating herbicide-resistant weeds at scale, offering farmers a profitable and sustainable alternative to chemical dependency by utilizing their robotic fleet.
Q: When will Aigen’s robotic fleet be deployed?
A: Aigen’s Element robotics service will be available on over 20,000 acres of U.S. farmland starting in April 2024, revolutionizing weed control and providing real-time farming insights.