Farmwise Labs has filed a notice of an exempt offering of securities to raise $10,000,000.00 in New Debt Financing.
According to filings with the U.S. Securities and Exchange Commission, Farmwise Labs is raising up to $10,000,000.00 in new funding. Sources indicate that as part of senior management President and Chief Executive Officer, Tjarko Leifer played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.
About Farmwise Labs
At FarmWise, we believe that farming can be done at the plant level and at scale. Our team wants to enable growers to rethink farming operations with machines and technology that can perceive, understand, and act on each and every plant in real-time. For years, FarmWise operated a commercial fleet of automated weeder prototypes across the greater Salinas Valley in California. After 25,000 acres of commercial weeding and associated learnings, FarmWise released its Vulcan precision implement in 2023. Vulcan is a unique intra-row weeder and precision cultivator designed for durability and efficient weeding. We build innovative systems and processes that allow farmers to streamline farm operations and increase food production efficiency. We start with mechanical weeding on vegetables. Our team comes from the most successful companies in the fields of self-driving cars, farming, and consumer electronics, as well as from the leading AI labs in the world. Our leaders have helped companies grow from the earliest stage to mature, enduring brands. We have all come together to build the future of precision agriculture.
To learn more about Farmwise Labs, visit http://www.farmwiselabs.com/
Contact:
Tjarko Leifer, President and Chief Executive Officer
650-283-4177
https://www.linkedin.com/in/tjarkoleifer/
SOURCE: http://www.intelligence360.io
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