Sabanto, a Midwest-based farm autonomy company, has raised $17M in Series A funding.
The round was led by Fulcrum Global Capital, with participation from DCVC Bio, Hico Capital, Yara Growth Ventures, Cavallo Ventures, Johnsonville Ventures, and Trimble Ventures.
Sabanto automates small farming equipment such as tractors with between 60 and 90 horsepower. The company also provides supporting software to maximize the use of autonomous tech.
With the new funding, the company is looking to scale its autonomous solutions.
“We started Sabanto with our sights set on fixing the lack of labor and resetting the out-of-control capital expenses in agricultural machinery. We see a future of smarter, smaller, lighter, less expensive, and more sustainable swarms of autonomous equipment, substituting horsepower and weight for time,” said Craig Rupp, founder and CEO of Sabanto. “We’ve assembled a team of actual ag-experienced engineers and scientists, working alongside real farmers, proving this isn’t just a thought exercise.