TartanSense announced on Wednesday that it has raised $5Mn in Series A funding round. The round was led by FMC Ventures and Omnivore while existing investor Blume Venture also participated in the round.
The Series A funding round has come more than 2 years after TartanSense had raised $2Mn in a seed funding round. Blume Venture had led the seed funding round. Following the Series A funding, TartanSense’s total funding amount has now reached to $7 Mn.
TartanSense essentially builds various agriculture equipment, dubbed by the company as robotic equipments, to help farmers in maximizing their productivity and income. The company claims that its equipments are powered by AI assisted computer vision and is designed to proficiently perform several critical agriculture activities.
Founded in 2015, TartanSense is based in India’s startup capital Bengaluru and was originally founded by Jaisimha Rao, an alumnus of Carnegie Mellon University.
Commenting on the Series A funding, Jaisimha Rao, Founder, TartanSense, said, “Our mission is to make smallholder farmers wealthier by shipping monetizable robots. TartanSense will have the world’s largest fleet of agriculture robots in the next 18 months. We are grateful to have amazing investors like FMC Ventures, Omnivore, and Blume Ventures backing us in our passion to empower farmers.”
Karthik B Reddy, Managing Partner, Blume Ventures, said, “Jaisimha and team TartanSense have been committed to solve large scale agri problems for farmers since we first met 3 years ago. By building one of the most robust computer-vision led weeding technologies for Indian conditions, we are excited to invest further. We believe TartanSense will reach many corners of global farming and will best solve for several precision farming use cases”.
Traditionally, Investors have shied away from investing in the agritech space and therefore today there isn’t a single unicorn from the agritech space. But things have improved over the years, with several agritech startups tasting success in raising small and medium size fundings from investors. Some of the most well funded agritech startups in India are Waycool, Agrostar, DeHaat, Stellapps and Bijak.