Aigen Secures $12M in Series A Funding to Launch Solar-Powered Robotic Fleet, Revolutionizing Sustainable Agriculture.

Company Name: Aigen
Location: Kirkland, Washington, DC
Sector: AI-Driven Agricultural Robotics
Funding Details: Raised $12M in Series A funding, bringing total funding to $19M. The round was led by ReGen Ventures, with participation from NEA, Cleveland Avenue, Incite, and Susquehanna Private Equity Investments LLLP.
Purpose of Investment: To scale the robotic fleet for launch on farms in spring 2024.

Leadership: Co-founded by Rich Wurden and Kenny Lee
Product: The Aigen Element robotic fleet, a solar-powered agriculture robot designed to autonomously navigate, weed, and analyze row crops without the use of chemicals or diesel fuel. Offered as a service, these robots are powered entirely by solar and wind energy.

About Company: Aigen is pioneering the decarbonization of agriculture through advanced technology. Its solar-powered robotic fleet aims to reduce farmers' reliance on fossil fuels, lower labor costs, and enhance crop and soil health. The Aigen Element service is set to revolutionize weed control and farming insights with its debut on over 20,000 acres of U.S. farmland in April 2024.

Innovation and Impact:

• Solar-Powered Robotics: Utilizes solar and wind power to operate autonomously, eliminating the need for chemical herbicides and diesel fuel.
• AI and ML Integration: Leverages LTE connectivity alongside AI and machine learning to navigate, analyze crops, and perform weed control efficiently.
• Sustainable Farming: Aims to reduce carbon footprint and improve soil health while maintaining high crop yields.

Manufacturing Expansion: Aigen is expanding its manufacturing capabilities with a new 7,500 sq ft facility dedicated to producing its innovative solar-powered robotic fleet.