“Unfortunately, it doesn’t help our cash problem today. [We] are executing on liquidation and exploring $$ opps from insiders to go through the proper wind down (including potential acquirers).”
Fall Line Capital, which oversees the wind-down procedure, was contacted by the Robot Report but did not respond. Over five funding rounds, Startup Global Guardian Agriculture raised $51.7 million, according to Crunchbase. Among these was a $20 million Series A led by Fall Line Capital in the middle of 2023.
During its development, Guardian Agriculture’s SC1 received industry accolades. The drone was one of The Robot Report’s top picks from the 2023 World Ag Expo and was listed as one of Time magazine’s Best Inventions of 2024.
The Startup Global’s demise highlights the difficulties of growing agricultural robotics hardware, where even reputable firms are sometimes constrained by hefty R&D expenses, protracted adoption processes, and low early revenue.
In other headlines about agricultural robotics, 4AG Robotics just raised $29 million for robots that harvest mushrooms. $5.5 million in seed funding was raised by TRIC Robotics, a company that specializes in autonomous pest and plant disease treatment. Additionally, Beewise just concluded a $50 million Series D fundraising round for BeeHome, its AI-powered system that continuously evaluates and monitors the health of hives.
John Deere purchased Kingsburg, California-based GUSS Automation, a crop autonomy developer, late last month. In 2022, the businesses formed a joint venture, and they are now extending that agreement.