Root AI Raised $7.2M in Seed Funding amidst COVID-19

0
0

ResearchAndMarkets.com has recently published an article on the growth of robotics in the light of coronavirus pandemic. It discusses various technological aspects of the agricultural industry, including the accelerated adoption of robotics and automation, and the seed funding of the prominent robotics company Root AI.

Diverse factors, like growing population, reduced number of labor, and the enhanced requirement for high productivity from the farm areas are some of the elements fueling the development of the agricultural robot market. The maturity of the current agro-technologies and the integration of new ones is foreseen to bring in massive opportunities for this segment in the long term.

One such robotics firm, Root AI, as of late raised $7.2 million in seed funding, bringing about its complete subsidizing of $9.5 million. The produce picking robot by name Virgo is the company’s main product. This robot is designed to harvest some soft fruits like berries and tomatoes that require slow manual harvesting to avoid damages.

Until now, Root AI has tested Virgo in various regions, such as New York, Ohio, California, Netherlands, Maine, and Canada. The robotic giant intends to see its machinery deployed across North America in the next 12 months and then in the European region after some time.

Naio Technologies has around 150 robots used around the world. For instance, Oz is used by market gardeners, Ted to weed vineyards, and Dino to weed mound grown vegetables. Likewise, FarmWise’s self-driving robots are intended to perceive weeds among different harvests and evacuate them without using any herbicides.

Meanwhile, Saga Robotic’s Thorvald model is another famous autonomous robot capable of handling specific crucial tasks like UV treatment for crops, spraying, data collection, produce picking, and cutting grass. In short, robotics technology is changing the panorama of the agriculture market at an alarming rate.

However, the sudden outbreak of COVID-19 is predicted to affect the growth of agricultural robots this year. For example, the market for the milking robots is demonstrated to be generally influenced as supply chain disruptions will have a more critical effect on dairy items because of their short shelf-life. Interestingly, the market for mechanized harvesting systems and UAVs won’t be influenced as much as milking machines.

Surprisingly, a large portion of the agrarian robots will keep on encountering higher development as farmers will hope to grasp automation and lessen their reliance on manual laborers to a further extent. Indeed, the approach of computerized cultivating is considered as an aid for the present farmers.

They are currently being used by agriculturists to resolve some of the age-old farming problems and enhance productivity. Right from structuring programmed tractors to weeding robots, agrarian automation advances are ceaselessly updating this market to an absolutely modern-day milieu.

The research analysts expect to observe a significant rise over the estimated horizon in the future agricultural robot industry, especially between 2021 and 2023.