Aigen, a cutting-edge AI-driven robotics company, has successfully concluded a $12 million Series A funding round led by ReGen Ventures, with participation from NEA, Cleveland Avenue, Incite, and Susquehanna Private Equity Investments LLLP. This strategic funding is set to bolster Aigen’s manufacturing capabilities to meet the surging pre-order demand for its pioneering solar-powered autonomous robots, marking a significant stride toward a sustainable and scalable agricultural transformation.
The Aigen Element robots, developed since the company’s inception in 2020, represent a groundbreaking approach to crop management. They harness the power of AI, machine learning, solar technology, and advanced batteries to deliver a chemical-free and eco-friendly solution for farmers. By integrating LTE connectivity, Aigen aims to provide farmers with reliable, sustainable, and cost-effective tools that contribute to both environmental conservation and enhanced agricultural productivity.
ReGen Ventures, known for its commitment to supporting innovative solutions for a regenerative future, expressed enthusiasm about Aigen’s progress. “The Aigen team’s exceptional progress in hardware and software development has us eagerly supporting their next phase – scaling,” said Marcario.
Aigen’s vision extends beyond profitability, emphasizing the critical role of sustainable agriculture in combating climate change. Swati Mylavarapu, Managing Partner at Incite, commented, “Aigen is defining a new era for agriculture, where farmers prosper and people are healthier.”
Aigen has successfully addressed one of the most pressing challenges for farmers – eliminating herbicide-resistant weeds on a large scale. With $19 million raised to date, the company is poised to expand its operations with the construction of a 7,500 sq ft manufacturing and R&D facility dedicated to producing its 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,” remarked Kenny Lee, co-founder and CEO of Aigen. “Our robotic fleet empowers farmers to escape the conventional system of chemical dependency.”
Aigen’s success is attributed not only to technological advancements but also to a dedicated team committed to reshaping the future of farming. Rich Wurden, co-founder and CTO of Aigen, highlighted the convergence of AI, robotics, electric motors, and solar power, stating, “Thanks to technological advances in all those areas and the incredible work of our team, we are automating farming solutions that have worked for thousands of years and helping farmers get chemicals off their farms and out of our food.”
Aigen’s Element robotics service is set to debut on over 20,000 acres of U.S. farmland in April 2024, promising to revolutionize weed control and provide real-time farming insights for a more sustainable agricultural landscape.