Bengaluru, August 25, 2021:
Agritech robotics startup TartanSense announced today that it has raised USD 5million in Series A funding. The round was led by FMC Ventures and Omnivore, with participation from existing investor Blume Ventures. This brings the total funds raised by the company to USD 7 million, after raising a USD 2 million Seed round in March 2019. TartanSense builds small agricultural robots, equipped with AI-assisted computer vision, to help small farms reduce their expenditures and improve their incomes.
TartanSense is helping smallholder farmers who struggle with low yields, primarily driven by two reasons - poor chemical spraying techniques and unreliable farm labour. TartanSense's robots are an affordable precision agriculture solution for all major farming activities - sowing, spraying, weeding, and harvesting - which simultaneously drive down cultivation costs while improving crop yields.
BladeRunner, TartanSense’s latest robot, can identify, precisely locate, and mechanically uproot undesirable weeds as well as spot spray on the desired crop - reducing chemical usage by 45% as well as increasing weeding efficiency by 7 times. The future of agriculture is this combination of machine learning software and frugal hardware, helping farmers move from farm-level decision making to plant-level decision making.
Based in Bangalore, TartanSense was originally founded in 2015 by Jaisimha Rao, an alumnus of Carnegie Mellon University who returned to India after working as a quant on Wall Street. He soon assembled a core team of Carnegie Mellon alumni with rich experience in robotics, computer, electrical, and mechanical engineering. The Carnegie Mellon linkage at TartanSense even extends to the company name, since students and alumni of CMU are referred to as Tartans.
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 backing us in our passion to empower farmers.”.
Amar Singh, Managing Director at FMC Ventures, remarked: “TartanSense is a pioneer in ground-based precision spraying in India,” said Amar Singh, Managing Director of FMC Ventures. “With growers’ interest in mind, it has developed a unique, low-cost precision application technology with a very high level of accuracy. FMC ventures is excited to support TartanSense as they combine artificial intelligence and robotics to improve how growers apply crop inputs.”
Mark Kahn, Managing Partner at Omnivore, observed, “TartanSense’s innovation in precision agritech can accelerate the transformation of Indian agriculture. We were privileged to be one of the first institutional investors in TartanSense, and remain so as the startup reaches new milestones.”
Karthik B Reddy, Managing Partners, 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”.
India is the largest grower of cotton in the world, with 33 million acres under cultivation and an average weeding spend of $100 per acre. The market potential only for weeding in cotton is over 3 billion USD annually. TartanSense aims to focus on cotton as well as several other crops with high cost of weeding.
About TartanSense:
TartanSense builds small agricultural robots, equipped with AI-assisted computer vision, to help small farms reduce their expenditures and improve their incomes. For further information on TartanSense, please visit: https://www.tartansense.com
About FMC Ventures:
FMC Ventures, the venture capital arm of FMC Corporations, invests in startups and early-stage companies that are developing and applying emerging technologies in the agricultural industry. For further information on FMC Ventures, please visit: https://www.fmc.com/en/fmc-ventures
About Omnivore:
Omnivore is a venture capital firm, based in India, which funds entrepreneurs building the future of agriculture and food systems. For further information on Omnivore, please visit: http://omnivore.vc
About Blume Ventures:
Blume is an early-stage venture fund that backs startups with both fundings as well as active mentoring. For further information on Blume Ventures, please visit: https://blume.vc