Bobcat Company announces investment in Agtonomy
Bobcat Company has announced a strategic investment in ag-tech software company Agtonomy. Bobcat’s equity investment is part of a broader strategic partnership with Agtonomy that was formed earlier this year to create new ways to enhance Bobcat equipment for increased productivity and performance, states the company.
“By leveraging the software solutions developed by Agtonomy, we can continue to focus on productivity gains from Bobcat equipment and advance alternative energy and autonomous innovation in farming and related industries,” says Scott Park, CEO and vice chairman of Doosan Bobcat. “We are always looking to bring the best solutions to our customers. And, given our ongoing partnership, we are excited to pioneer new advances together to empower farmers to accomplish more.”
Agtonomy’s technology is designed to allow farmers to remotely execute labor-intensive field tasks, such as weeding, spraying, mowing and transporting with more precision. The solution allows farming operations to automate workloads, increase labor efficiency and provides farmers with greater control over the economics of their operations.
“We’re delighted to strengthen our partnership with Bobcat, the leading innovator in compact equipment,” says Tim Bucher, CEO and co-founder of Agtonomy. “By joining forces, we can rapidly accelerate our impact on the farming community. With our shared commitment to innovation, we are poised to deliver solutions that address the many challenges facing agriculture today.”
Based in south San Francisco and Sonoma County, California, Agtonomy is a hybrid autonomy and tele-guidance service platform that has venture backing from GV, Toyota Ventures, Grit Ventures, Flybridge, Momenta, Village Global, Cavallo Ventures, Mirae Asset Venture Investment and others.
“Our dedication to innovation, the future of autonomous operation and alternative-energy solutions makes Agtonomy an ideal company to invest in as we strive to help farmers be more productive and efficient,” says Joel Honeyman, Doosan Bobcat vice president of global innovation. “We are committed to integrating smart solutions with our equipment to advance the farming community.”
