The funds will be used to further commercialize Harvest's first product, the HV-100, a robotic system being used in commercial nurseries and greenhouses to help reduce cost, improve efficiency and increase quality.
North Billerica, MA - October 29, 2013. - Harvest Automation, a company focused on bringing robotics to the field of agriculture, announced today that it has successfully closed $11.75M in Series C financing. The round was led by Mousse Partners Limited, based in New York. Existing investors Life Sciences Partners, Cultivian, Founder Collective, Entr©e Capital and MassVentures all strongly participated in the round.
The funds will be used to further commercialize Harvest's first product, the HV-100, a robotic system being used in commercial nurseries and greenhouses to help reduce cost, improve efficiency and increase quality. Harvest systems perform the most physically demanding and repetitive tasks at grower sites, thereby providing a solution to the increasing challenge of finding and retaining laborers to perform this work.
"We are seeing strong product validation with first customers and are excited to continue our efforts to bring smart, mobile, adaptive robotics into agriculture, a market that is not only large in scale, but could significantly benefit by deploying automation to work alongside people," noted John Kawola, CEO of Harvest Automation.
"We are very excited to partner with Harvest as they continue to develop robotic solutions for the agricultural market. Their first product has shown they can deliver functional and practical solutions for their customers. The company has a massive opportunity to continue to introduce transformative innovation to this broad and important sector," noted Ed Zysik, Vice President at Mousse Partners Limited, who leads venture and growth investing for the firm. Mr. Zysik will be joining the Harvest Automation Board of Directors.
About Harvest Automation
Robots are powering the next innovation surge in agriculture. Backed by a team of world-class robotics innovators, Harvest Automation has engineered the first practical, scalable robots for a range of agricultural applications. Harvest enables growers to create a sustainable workforce of robots working safely alongside people to increase efficiency, reliability and plant quality. For more information, visit www.HarvestAI.com