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FARMBLOX RAISES $2.5M SEED ROUND TO BRING AI AND AUTOMATION TO FARMS


Farmblox says its platform has grown tenfold in the last year as customers adopt
the technology at the forefront of addressing critical challenges posing
significant threats to the global food supply. (Photo courtesy of Farmblox)
By The Packer Staff July 23, 2024



Farm automation system Farmblox says it has raised $2.5 million in seed funding
to propel expansion and scale into new markets, such as vineyards and orchards.

Farmblox has grown rapidly since launching in January 2023, with 55 live farm
customers covering more than 14,000 acres across the U.S. and Canada, according
to a news release. Farmblox says its platform has grown tenfold in the last year
as customers adopt the technology at the forefront of addressing critical
challenges posing significant threats to the global food supply.

U.S. farmers spend up to 75% of their time walking the farm while looking for
problems, a $17.5 billion challenge due to labor costs, the release said.
Farmblox says it combines a sensor ecosystem and artificial intelligence,
resulting in saving up to 50% in labor costs and generating new revenue streams
for modern farming.

Reliably monitoring remote farmland in all weather conditions, Farmblox gives
farmers a simple dashboard to quickly identify operational issues like
irrigation leaks, weather risks or equipment failure to operate more
efficiently, according to the release. Farmers oversee the farm's status
remotely via mobile app or computer, resulting in 25,000 fewer miles walked per
year, Farmblox says.

Farmblox says that at the heart of its innovation is an ecosystem of farm
automation building blocks, which let farmers create customizable automation
solutions tailored to their specific needs. The Farmblox system includes an
array of plug-and-play sensors and controllers, which connect to a universal
monitor box, the release said. The universal monitor box delivers power and
wireless connectivity by connecting to the Farmblox base station network,
linking the entire setup to the internet — even in remote locations.

Farmblox says all this provides farmers with a comprehensive, real-time overview
of their operations and is adaptable and customizable to various crop types,
farm sizes and operations.

Starting by detecting leaks in tubes on maple syrup farms, Farmblox says it is
now expanding to monitor irrigation systems in vineyards to address water
scarcity problems and comply with water regulations. Farmblox offers detailed
data on soil moisture, soil cabon dioxide, soil temperature, leak detection,
tank and silo levels, ambient temperatures, freeze risk, water usage, irrigation
pressure, pump conditions and weather conditions, according to the release.

“Farmblox’s mission is to develop a practical farm-scale digital platform for
producers to reduce labor by helping them automate their farm however they need
with simple, customizable tools,” Farmblox co-founder and CEO Nathan Rosenberg
said in the release. “We focus on immediate real-world benefits to farmers who
are hard hit by labor shortages.”

The oversubscribed funding round was led by Hyperplane, with participation from
Slow Ventures, MHS Capital, and Service Provider Capitalm.

“At Hyperplane, we are thrilled to support Farmblox in its mission to
revolutionize agriculture and transform how millions of farmers worldwide
operate,” Vivjan Mytro, founding and managing partner of Hyperplane, said in the
release. “Their adoption by farmers across the U.S. and Canada is a testament to
the team's tenacity and unique approach to addressing the most critical
challenges in modern agriculture. Farmblox tackles labor issues and water
scarcity head-on and enhances monitoring and sustainability practices, which are
vital for our planet's future.”






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