SwarmFarm Robotics Raises $12M AUD Series A to Put Integrated Autonomy in the Hands of Growers ACN Newswire

SwarmFarm Robotics Raises $12M AUD Series A to Put Integrated Autonomy in the Hands of Growers

GINDIE, QUEENSLAND, AUSTRALIA, Feb 15, 2023 - (ACN Newswire via SEAPRWire.com) - SwarmFarm Robotics today announced it has raised a $12 million AUD Series A ($8.3 million USD) to develop and grow the Integrated Autonomy category in agriculture through the versatile SwarmBot platform and a breakthrough operating system network, SwarmConnect, that enables developers to create an array of innovative applications for users of the autonomous platform."There is enormous demand for autonomy in agriculture, but today, most solutions unlock minimal potential," said SwarmFarm CEO Andrew Bate. "The current equipment providers believe that farmers just want to be plucked from the cab or replaced by robotic arms. We believe that farmers want more. They want a technology ecosystem built to address the issues in their locality, a farm-centric system that leaves the lowest possible footprint on their fields, helping them do more with less. They want Integrated Autonomy, so that's what we're building."The team at SwarmFarm defines Integrated Autonomy as a new approach to autonomy on-farm that unlocks the full potential of driverless technology by providing specialty robotics solutions with an open platform to develop on."While many companies are making driverless tractors and developing niche robotics solutions in agriculture today, we believe that there is a third category of autonomy that combines the robot and the application within a development framework that will allow farmers to customize their equipment for their needs and allow developers to bring their innovations to life much more rapidly," said Bate. "It's the best of both worlds. For the farmer, we provide customized autonomy in a box. For the developer, we provide a streamlined path to the grower with a tight feedback loop."The company's Series A funding round was led by Emmertech, an AgTech fund from Conexus Venture Capital based in Canada. The funding also sees new investment from Tribe Global Ventures and Access Capital. Also joining the round are SwarmFarm's existing investors, including Tenacious Ventures, and GrainInnovate, the Grains Research and Development Corporation (GRDC) venture capital fund managed by Artesian."We are thrilled to be joining Andrew, Jocie, and the whole SwarmFarm team as they pioneer the future of autonomous agriculture," said Sean O'Connor, Managing Director of Emmertech. "The key trait that drove our eagerness to lead this round was the farmer-centric approach this team is built around and the truly exceptional results their robots have achieved. We met with several farmers who were putting upwards of 3,000 hours a year on their SwarmBot, often leaving them out in the fields for over 24 hours at a time. We believe there's a future where SwarmBots can be found on farms across North America and worldwide."SwarmFarm announced last year that SwarmBots had successfully been deployed to farmers who covered over 1.3 million commercial acres, operated for 64,000 hours, and reduced pesticide inputs by an estimated 780 tons."We are proud to support the team at SwarmFarm as they unlock the potential of Integrated Autonomy in agriculture," said Fernando Felquer, Head of Business Development at GRDC. "What makes SwarmFarm so attractive to us is that the founders are Australian grain growers developing autonomous solutions from the ground up with Australian farming systems in mind, and the technology has global application."Born on the Bate's family farm in rural Queensland, SwarmFarm exists to solve a complex problem set many farmers are facing around the world today: how to grow better crops and the optimal amount of food on their land without putting down excessive amounts of chemicals or acquiring larger and larger equipment."We hit a point where we just said enough is enough," said Bate. "We saw our input costs increasing, our equipment costs rising as we bought larger equipment, our dependence on pesticides rising, and our yields declining despite it all. There was a day when we sat down and realized that this wasn't an equation that needed incremental change; we needed an entirely new farming system - and SwarmFarm was the solution."The SwarmFarm team saw a future where developers could create specialized tools that could be attached to swarms of small, nimble, autonomous robot platforms that create new farming practices through facilitating collaboration between farmers and technologists - laying the groundwork for the SwarmConnect product."We envision a future where the most promising minds in technology are encouraged to turn toward solving the challenges faced by modern agriculture," Bate continued. "We also believe in a future where there is no longer such a severe distinction between farmers and technologists, but rather a new breed of farmer-technologists. This funding helps us to move toward that future by meeting more of the global demand for our product and facilitating the growth of our SwarmConnect network of developers."Today, SwarmFarm serves customers across Australia and works with some of the most innovative farm equipment developers, including WEED-IT, Bilberry, Weedseeker, Hayes Spraying, Rasmussen Brothers Engineering, Goldacres, and Croplands."It is critical that we put tools into our farmers' hands that help them do more with less. This is key to a climate resilient, profitable future for agriculture," said Sarah Nolet, Co-Founder & Managing Partner at Tenacious Ventures. "With their background in farming, the team at SwarmFarm has been able to see around some of the corners on the road to autonomy and anticipate the needs of the growers they serve. We look forward to continuing to work with them as they unlock more productivity and sustainability in agriculture through their unique approach to Integrated Autonomy."SwarmFarm's unique approach to autonomy resonates with its customers, resulting in consistent and continued growth. The team will hire for roles in their Queensland and New South Wales offices to support this growth."The future of agriculture is happening now, but there is no way that one company can really invent everything needed to revolutionize agriculture," Bate said. "We need the smartest minds from around the world working on this; We need an army of developers solving agriculture's problems one app at a time. So come join us as a partner and help deliver the revolution that agriculture needs!""My Dad Used to Drive a Tractor"Founded in 2015 near Emerald, Queensland, SwarmFarm Robotics is pioneering the development and use of intelligent robotics in Australian agriculture through Integrated Autonomy. This entirely new approach to autonomy on-farm provides more than another driverless system or a niche robotics solution; Integrated Autonomy puts the farmer's needs first and creates a technology ecosystem around them to help save time, resources and energy while optimizing for profitable and sustainable growth.We have now successfully covered 1.3 million commercial acres, 64,000 hours of operation, and have reduced pesticide inputs by an estimated 780 tons with our autonomous robots. Learn more about SwarmFarm here. https://www.swarmfarm.com/CONTACTDan Schultz dan@schultzcollaborative.com952.356.2646SOURCE: SwarmFarm Robotics Copyright 2023 ACN Newswire. All rights reserved. (via SEAPRWire)
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Ministry of Agriculture and Food Industries to Improve Food Security for Malaysia ACN Newswire

Ministry of Agriculture and Food Industries to Improve Food Security for Malaysia

KUALA LUMPUR, Aug 8, 2022 - (ACN Newswire via SEAPRWire.com) - Ministry of Agriculture and Food Industries (MAFI) has signed a Memorandum of Understanding (MoU) with PLS Plantations Berhad, a leading agrofood company in Malaysia, to conduct an in-depth study and put forward a proposal for the national food security programme.YBhg Dato' Haslina Binti Abdul Hamid, Secretary-General of MAFI, MAFI Minister YB Datuk Seri Dr. Ronald Kiandee, YAB Prime Minister of Malaysia Dato' Sri Ismail Sabri Bin Yaakob, PLS Plantations' Group Chairman YBhg Tan Sri Mohammed Nazir Bin Abdul Razak, and PLS Plantations' Group Chief Executive Officer Lee Hun Kheng.[L-R]The MoU was officiated by the Prime Minister of Malaysia, Yang Amat Berhormat Dato' Sri Ismail Sabri Bin Yaakob at the biennial Malaysia Agriculture, Horticulture and Agro Tourism (MAHA) 2022. Also present was the Minister of Agriculture and Food Industries, Yang Berhormat (YB) Datuk Seri Dr. Ronald Kiandee, and PLS Plantations' Group Chairman, Yang Berbahagia (YBhg) Tan Sri Mohammed Nazir Bin Abdul Razak. Also in attendance to sign the MoU were YBhg Dato' Haslina Binti Abdul Hamid, Secretary-General of MAFI, and PLS Plantations' Group Chief Executive Officer, Lee Hun Kheng.YB Datuk Seri Dr. Ronald Kiandee said, "Malaysia continues to rise on the Global Food Security Index (GFSI)[1] and is ranked 39th, up from the 43rd spot in 2020[2]. We have performed well with an overall score of 70.1 compared to the previous year of 67.9. The increase in Malaysia's score (compared to the previous year) is the highest increase in score among the 113 countries involved. However, due to multiple issues, compounded by rising population, and labour shortage, Malaysia's food and agriculture imports remains high at around RM55.5 billion[3]. As such, it is crucial for the industry - both public and private - to work closely to further strengthen our food sufficiency throughout the entire supply chain. At the same time, we need to organise ourselves to capitalise on opportunities to generate higher incomes for agriculture frontliners, close the income gap, and improve livelihoods. Securing this future also requires us to attract more youth to participate in the sector and we see public-private partnerships as a key strategy to injecting new programmes, technologies, and platforms that will attract new farmers and participants to the industry. Through these efforts we are confident we can improve our national food security resilience, accessibility, and affordability of quality food, which is in line with our National Food Security Policy (DSMN Action Plan) 2021 - 2025[4]."YBhg. Tan Sri Mohammed Nazir added, "This MoU is a significant milestone for PLS Plantations. We look forward to supporting MAFI and the industry's efforts to further improve the nation's food sufficiency levels. The research and proposal will serve as a baseline that will guide our efforts in rolling out our food security programme. In addition, our newly launched initiatives, the PLS Agropreneur Programme and PLS Integrated Agrotech Park, will contribute to creating a thriving ecosystem where we can attract the experienced and specialised farmers to scale their farms and produce, as well as bring the best and brightest to participate in the industry."The PLS Agropreneur Programme is a platform for new and experienced farmers who are interested to participate in the industry or scale their farms. It offers end-to-end support, from training and development, land lease, offtake network support, as well as financial support and incentives. The PLS Intergated Agrotech Park serves as a platform for collaboration with universities, and agrofood to science and technology companies. He concluded, "Collaboration, specifically knowledge-sharing aided by technology and science have paved the way for the industries to grow and thrive. Likewise, for the agrofood industry, we see these initiatives as a way to elevate the industry, to bring our youth back to the suburbs and villages, and uplift the B40 communities, farmers and indigenous communities."[1] Source: GFSI by The Economist Intelligence Unit (EIU) based in London, United Kingdom https://tinyurl.com/54zydpck[2] Source: MAFI - https://www.mafi.gov.my/en_US/gfsi-2021 [3] Source: Department of Statistics Malaysia 2022 https://tinyurl.com/5xbvnv6r[4] Source: MAFI - https://tinyurl.com/2ccdnp8hAbout PLS Plantations BerhadPLS Plantations was incorporated in Malaysia in 1987 and was listed on the Second Board of Kuala Lumpur Stock Exchange in 1994. Currently listed on the Main Board of Bursa Malaysia Securities Berhad, PLS and its subsidiaries are involved in the management and operation of forest, oil palm and durian plantations, as well as the processing, distribution and sale of durian products.PLS Plantations received a Silver3 rating from RAM Sustainability in April 2022, setting the baseline for the Company's sustainability journey and framework. PLS Plantations remains guided by environment, social and governance (ESG) values as they progress towards becoming the nation's leading sustainable agrofood company. https://plsplantations.my/ Forward-Looking StatementsThe statement included in this press release, other than statements of historical facts, are forward- looking statements. Forward-looking statement generally can be identified by the use of forward-looking terminology such as "may," "will," "expect," "intend," "estimate," "anticipate," "plan," "seek," or "believe." These forward-looking statements, which are subject to risks, uncertainties, and assumptions, may include projections of our future financial performance based on our growth strategies and anticipated trends in our business. These statements are only predictions based on our current expectations about future event. There are important factors that could cause our actual results, level of activity, performance, or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statement, including, but not limited to our ability to win additional business. Although we believe the expectations reflected in the forward- looking statements are reasonable, we cannot guarantee future result, level of activity, performance, or achievements. You should not rely upon forward- looking statements as predictions of future events. These forward-looking statements apply only as of the date of this press release; as such, they should not be unduly relied upon as circumstances change. Except as required by law, we are not obligated, and we undertake no obligation, to release publicly any revisions to these forward-looking statements that might reflect events or circumstances occurring after the date of this release or those that might reflect the occurrence of unanticipated events. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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