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AI solar robot startup Aigen has raised $12 million in funding, aiming to achieve automated farming operations.
Aigen Robotics, based in the United States, has raised $12 million in Series A funding, led by Australian venture capital firm VC ReGen Ventures, with follow-on investments from New Enterprise Associates, Cleveland Ave, Incite, and Susquehanna Private Equity Investments.
Kenny Lee founded Aigen in 2020. Aigen has developed a solar-powered robot platform equipped with sensors, cameras, and software for monitoring and automating farming operations. Keeny Lee said the robots can identify weeds and reduce chemical spray damage to soil.
Aigen's developed fleet of vehicles can autonomously navigate in the field using GPS and artificial intelligence, and is the first farming robot that uses Ether as its primary energy source, which is generated from solar and wind power. The robot utilizes blades at the end of its mechanical arm to remove weeds and employs advanced machine learning for precise weed removal. It also analyzes crop data to assist in making management decisions regarding crop growth and harvest timing for the farm.
In the past, farmers used chemical herbicides to remove weeds, but this would also induce diseases such as cancer and cause pollution to the environment. Kenny Lee, who has a disease himself, pays great attention to health and diet. He transitioned from the cybersecurity industry to developing an AI automated farming system, hoping to change the traditional chemical farming methods, maintain the environment, and help farmers manage their farms more easily.
The Aigen team has hired engineers from SpaceX, Amazon Robotics, and other well-known companies, dedicated to the fields of artificial intelligence, robotics, electric MDA, and solar energy, to achieve AI technology farming solutions, and help farmers eliminate chemical spraying in farming operations, enabling organic farming. The Aigen factory is expected to produce 3000 AI automated farming robots annually.
A United Nations report shows that by 2050, food production must increase by 60% to feed the global population of 9.3 billion. Considering the challenges of pests, soil ecology preservation, and weeds in the current industry, conventional farming methods are unable to solve these issues, and AI technology is needed to address them. Forbes estimates that the output value of AI farming systems will grow from $1.7 billion in 2023 to $4.7 billion in 2028. Investors should closely follow industry news on automated farming startups like Aigen, as they have great market potential in the future.
This article is about Aigen, an AI solar-powered robot startup, which has raised $12 million in funding, aiming to achieve automated farming operations. It was first reported by Chain News ABMedia.