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FarmWise
Innovative farming solutions
- 21-100 employees
- B2B
- Artificial Intelligence
- Food
- Manufacturing
- Deep Tech
- Robotics
- Computer Vision
- Environmental
- 1231 Connecticut Street, San Francisco, CA 94107
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Company mission
To deliver affordable and reliable vision systems to power tomorrow's farm equipment with ultra precision.
Otta's take
Sam Franklin
CEO of Otta
Autonomous robotic equipment presents great opportunities for efficiency in farming, but unfortunately it comes at a very high cost. Existing companies sell robotics directly to farms, but this is often unaffordable and requires advanced technical training that the average farmer is not qualified for.
FarmWise rent out robotic equipment to farms and charge approximately $200 per acre of land worked upon. The company brings the equipment and sets it up to work automatically, preventing farmers from having to program the equipment themselves - smartly exploiting the gap in the market where farmers cannot afford such equipment, or lack the training to use it.
In this approach, FarmWise presents opportunities for all farms to benefit from the time and cost efficiency associated with autonomous robotic equipment, as opposed to this being exclusively accessible to corporate farms. The company is well-funded, and seems focussed on broadening its product capabilities towards serving more farmers across more sectors in the future.
Benefits
- Equity
- Flexible PTO & 8 company-wide holidays
- Generous Health Benefits (Medical, Dental, Vision), including FSA and HSA options
- 401(k) with Company Match
- Free catered lunch and plenty of snacks
Company values
- Grower-Obsessed - When we build products and features, we start and end with growers in mind, focusing on what's best for the long term.
- Meet Challenge with Action - Many interesting problems look impossible to solve, at first. We embrace this and don't shy away from hard problems. We chase the big ideas and encourage disruptive ideas and action plans.
- Value Ideas Over Egos - We set aside being right, in favor of finding the right idea. We take our work seriously, but not ourselves, and are open to being wrong.
Funding (last 2 of 3 rounds)
Jun 2022
$45m
SERIES B
Sep 2019
$14.5m
SERIES A
$65.2m
Total funding
This company has top investors
Founders
Sébastien Boyer
(Chairman of the Board)Having taken a Mater's at MIT in Computer Science, Sébastien co-founded Farmwise, beginning as CEO, in August 2016.
Thomas Palomares
(CTO)Thomas studied Management Science & Engineering at Stanford, where they interned at TÜV Rheinland and IBM. They used this experience to co-found FarmWise in August 2016, serving since as CTO.
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