Uniseed, Carthona Capital and BridgeLane Group provided the funding for University of Sydney-founded Agerris, which is preparing to commercialise products including robotic farm hand systems.
Agerris, an Australia-based developer of farming robotics technology based on University of Sydney research, has secured A$6.5m ($4.6m) in a round backed by multi-university venture fund Uniseed.
Uniseed was joined in the round by venture capital firm Carthona Capital and alternative asset manager BridgeLane Group.
Agerris manufactures artificial intelligence-powered products including an air and ground-based field robotics system that enhances productivity on farms while improving animal welfare and environmental sustainability.
The company has already built two robotics products geared towards livestock and horticultural farmers. It will use the capital injection to formally launch its business, as it prepares to commercially roll out of its technology and data analytics services in Australia and internationally.
Salah Sukkarieh, a professor of robotics and intelligent systems affiliated to University of Sydney’s Australian Centre for Field Robotics and Sydney Institute of Agriculture, co-founded Agerris and is leading the company as CEO.
