Founded in 2016, FarmWise has been at the forefront of AI based weeding technologies for nearly a decade. Over this time, the company has raised over $65 million in capital. In 2023, the company launched their flagship machine, Vulcan - a 21’ wide automated in-row smart cultivator for vegetable crops, priced at $645,000 (Fig. 1). In a surprising announcement just two weeks ago, FarmWise stated that the company was going through a business restructuring and will cease operations in the coming weeks. The bottom line for the decision was that despite having a field-tested automated weeding machine that reduces hand weeding labor costs, the company has not been able to reach profitability with the resources on hand. Moving forward, the company says that they are actively pursuing strategic opportunities including acquisition, partnerships and technology transfer to ensure the Vulcan technology lives on. During the transition, their number one priority is supporting current customers.

For insightful details on the need for restructuring and FarmWise’s plans going forward, you can refer to articles from The Packer and AgFunderNews.

Fig. 1. FarmWise’s automated in-row smart cultivator, the Vulcan, operating in Salinas,
CA. (Photo credit: FarmWise, Santa Clara, CA)

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