TartanSense Raises $5 Million in Funding for Agricultural Robots
TartanSense, an Indian startup specializing in the development of small agricultural robots to aid farmers in tasks like weeding and pest control, has secured $5 million in funding. The Series A round was led by FMC Ventures and Omnivore, with Blume Ventures also participating.
Background and Funding
Founded by Jaisimha Rao, an alumnus of Carnegie Mellon University, in 2015, TartanSense initially raised $2 million in seed funding in March 2019. With the recent Series A round, the company’s total capital raised to date stands at $7 million. Rao, formerly a quantitative analyst on Wall Street, assembled a team of Carnegie Mellon alumni with expertise in robotics, computer, electrical, and mechanical engineering.
Mission and Product Offerings
TartanSense is driven by a mission to enhance the wealth of smallholder farmers through the deployment of monetizable robots. The company aims to establish the world’s largest fleet of agricultural robots within the next 18 months. Its product line encompasses solutions for various farming activities, including sowing, spraying, weeding, and harvesting, with the overarching goal of reducing cultivation costs.
BladeRunner: Advanced Weeding Robot
The startup’s latest offering, BladeRunner, represents a significant advancement in agricultural robotics. Equipped with cutting-edge technology, BladeRunner can identify, locate, and remove undesirable weeds from farmlands. Additionally, it can precisely spray herbicides on targeted crops, leading to a 45% reduction in chemical usage and a sevenfold increase in weeding efficiency.
Market Focus and Potential
TartanSense underscores India’s status as the world’s largest producer of cotton, with 33 million acres under cultivation. Notably, the average expenditure on weeding for cotton growers amounts to $100 per acre. Highlighting the substantial market opportunity, the company estimates the annual market potential for weeding in cotton alone to exceed $3 billion. TartanSense intends to concentrate its efforts on cotton cultivation while also exploring opportunities in other high-cost weeding crops.
Agritech Landscape in India
The funding secured by TartanSense reflects the growing prominence of agritech startups in India. According to business intelligence firm Tracxn, the country boasts over 1,017 agritech startups, underscoring the sector’s dynamism and potential for innovation. TartanSense’s innovative approach to leveraging robotics in agriculture aligns with broader efforts to modernize and optimize farming practices, contributing to increased efficiency and sustainability in the agricultural sector.