# Abundant Robotics

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/abundant-robotics

- Industry: Agribusiness
- Headquarters: Hayward, US
- Website: www.abundantrobotics.com
- Total disclosed funding: $12M
- Latest round: Series A (Apr 5, 2017)
- Investors on record: 7

## About

Abundant Robotics, Inc. is a company focused on developing automated harvesting solutions for agriculture, primarily utilizing advanced robotics and artificial intelligence to enhance efficiency in fruit crop harvesting.Founded in 2015 and headquartered in Hayward, US, Abundant Robotics, Inc. designs autonomous harvesting systems. The company's founders include Curt Salisbury, Dan Steere, and Michael Eriksen, with Dan Steere currently serving as CEO. Abundant Robotics successfully raised USD 2.50 mn from investors, including Yamaha Motor Ventures, in their most recent funding round on July 2, 2021. The company has executed 5 deals since its inception.Abundant Robotics specializes in advanced agricultural technology, focusing on autonomous harvesting solutions for fruit crops. Their flagship product is a robotic system that efficiently harvests apples by using computer vision and machine learning to identify ripe fruit and navigate orchards. This addresses labor shortages in agriculture by automating harvesting, enhancing productivity, and reducing reliance on manual labor. Their clients include commercial orchards and agricultural cooperatives primarily located in the US and select European markets, benefiting from increased operational efficiency and reduced costs.Abundant Robotics generates revenue through direct sales of its robotic harvesting systems to commercial agriculture businesses, establishing a B2B model. Clients typically engage in initial purchase agreements, complemented by ongoing support and maintenance services, which may include subscription-based elements for software updates and technical assistance. The pricing strategy reflects the advanced capabilities of their systems, tailored to each client’s operational scale and specific requirements.As of July 2021, Abundant Robotics, Inc. discontinued its operations, halting any future growth initiatives, new product launches, or market expansion plans.

## Funding rounds

- Series A, Apr 5, 2017, $10M — GV, Yamaha Motor Ventures, Comet Labs, KPCB Edge, BayWa AG, Tellus Partners
- Seed, Mar 1, 2016, $2M — SRI Ventures

## Investors

- SRI Ventures (https://capitalatlas.ai/funds/sri-ventures) — Seed
- GV (https://capitalatlas.ai/funds/gv) — Series A
- Yamaha Motor Ventures (https://capitalatlas.ai/funds/yamaha-motor-ventures) — Series A
- Comet Labs (https://capitalatlas.ai/funds/comet-labs) — Series A
- KPCB Edge — Series A
- BayWa AG — Series A
- Tellus Partners (https://capitalatlas.ai/funds/tellus-partners) — Series A