Bluewhite, a Tel Aviv, Israel-based agricultural Robot-as-a-Service (RaaS) company, has raised $39 million in Series C funding.
SaaS Investors
The round was led by Insight Partners, with participation from new investors Alumni Ventures and LIP Ventures, among others. Existing investors Entrée Capital, Jesselson, and Peregrine Ventures also participated in the financing round.
Insight Partners is a global software investor partnering with high-growth technology, software, and Internet startup and ScaleUp companies that are driving transformative change in their industries. As of June 30, 2023, the firm has over $80B in regulatory assets under management. Headquartered in New York City, Insight has offices in London, Tel Aviv, and the Bay Area.
Bluewhite Use of Funds
The company plans to use the funds to further scale its agricultural autonomous tractor and farming solutions and expand into new markets worldwide.
About Bluewhite
Founded in 2017 by Ben Alfi, Yair Shahar, and Aviram Shmueli, Bluewhite, formerly Blue White Robotics, drives the growth of resilient farms by bringing sustainable autonomous innovation to permanent crop growers worldwide. Bluewhite's autonomous farming solution equips growers' existing fleets with proprietary technology, providing data-driven insights to help manage farms and increase yields and profitability. The company's solution combines sensor technology, advanced AI algorithms, and a user-friendly experience to help growers manage their fleets and data– and ultimately produce more with less. Bluewhite works with over 20 leading permanent crop growers, enabling autonomous farming across 150,000 acres of farmland in the US. Bluewhite is headquartered in Tel Aviv with offices in Fresno, California.
Funding Details
Company: Blue White Robotics Ltd.
Raised: $39.0M
Round: Series C
Funding Month: January 2024
Lead Investors: Insight Partners
Additional Investors: Alumni Ventures, LIP Ventures, Entrée Capital, Jesselson, and Peregrine Ventures
Company Website: https://www.bluewhite.co/
Software Category: Autonomous Farming Solutions
Source: https://www.prnewswire.com/il/news-releases/bluewhite-raises-39m-to-bring-sustainable-autonomous-innovation-to-farms-worldwide-302041748.html