Farmbot was established in Sydney in 2014 and is a leading Australian Agtech company in the Internet of Things (IoT) of Agriculture.
Farmbot was established in Sydney in 2014 and is a leading Australian Agtech company in the Internet of Things (IoT) of Agriculture. The company monitors and reports on-farm water ecosystems delivering real-time reporting on water trends, consumption and alerts. As water is the lifeblood of all agricultural endeavours, a detailed understanding of its usage helps farmers make better management decisions around asset utilisation, resource allocations and carrying capacities.One of the key challenges of the agriculture industry is feeding an ever-growing population, with fewer resources, in a sustainable way. Farmbot sees a growing opportunity in the agricultural industry to provide monitoring solutions that have the capabilities to enable more sustainable and efficient practices.Farmbot has developed an extensive range of monitoring devices which connects to the core monitor enabling farmers to check water, diesel and trough levels, rainfall, staff movements via a safety check-in module, electric fences voltages, flow and pressure rates remotely.We are continuing to build a portfolio of connected devices, expanding the ecosystem.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
---|---|---|---|---|---|---|
Oct 12, 2021 | Series A | $2.70M | 1 | Telstra | — | Detail |
Aug 5, 2014 | Seed | $90K | 1 | — | — | Detail |
Investor Name | Lead Investor | Funding Round |
---|---|---|
Telstra | Yes | Series A |
SYD Ventures | — | Seed |