In Massachusetts, American Robotics, a drone developer specializing in agricultural automation, raised $1.1 million in seed funding that will be used to further develop American Robotics’ integrated drone system for commercial farming. Founded by alumni from Carnegie Mellon and Stanford universities, American Robotics will pilot its product this summer.
The round was led by angel investors and included Brain Robotics Capital LLC, a fund focused on science-backed companies in the AI, robotics, and IoT industries.
“There are many drone companies in the world and it’s no surprise that it is a red ocean market,” said Pei Qi, Founding & Managing Partner, Brain Robotics Capital. “American Robotics is one of very few who can provide a real full stack of solutions for a very specific application field. More importantly the team understands the business rather than just the technology. That’s why we believe they can define the new standard in agriculture.”