Ag software and services company Agtonomy has secured $18 million series B funding to accelerate physical AI adoption in agriculture and other off-road industries.
This investment was led by DBL Partners, a pioneering double bottom line venture capital firm renowned for early investments in Tesla, SpaceX, and Farmers Business Network, with participation from new investor Nuveen, one of the world’s largest owners and operators of agricultural land—managing over 2 million acres globally. Existing investors Autotech, Allison Transmission, Rethink Food, and Black Forest Ventures also participated in the round.
“Agtonomy is at an exciting inflection point as we expand our commercial footprint and bring physical AI into everyday field operations,” said Tim Bucher, founder and CEO of Agtonomy.
The new capital will be used to advance Agtonomy’s physical AI platform, expand equipment integrations with OEM partners, and scale commercial deployments across agriculture and adjacent off-road industries with the goal of helping operators cut labor costs and improve safety and sustainability in orchards, vineyards, fields, and managed green spaces.
“DBL seeks out mission-driven, execution-orientated companies that not only disrupt their industries, but also deliver real-world benefits,” said Jake Harris of DBL Partners, who is joining Agtonomy’s Board. “Agtonomy fits squarely into the legacy of DBL’s portfolio by ushering in the next wave of highly-scalable, customer-centric physical AI in a way that delivers tangible performance gains and cost-savings, while setting a new standard for sustainability and profitability in food production and off-road industries worldwide.”
