StageDebt - III | Alive
Last Raised$2.87M | 8 yrs ago
About Harvest Automation
Harvest Automation is a material handling company whose robots resolve acute manual labor problems across multiple industries, starting with Agriculture. Harvest has developed a new approach to automating a variety of traditionally manual labor tasks based on mobile robot technology. Teams of small, highly intelligent machines work safely with laborers to perform the most physically demanding parts of these tasks, and at a significantly reduced cost.
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Expert Collections containing Harvest Automation
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Harvest Automation is included in 4 Expert Collections, including Agriculture Technology (Agtech).
Agriculture Technology (Agtech)
Companies that are using technology to make farms more efficient.
Supply Chain & Logistics Tech
Companies offering technology-driven solutions that serve the supply chain & logistics space (e.g. shipping, inventory mgmt, last mile, trucking).
This collection includes startups developing autonomous ground robots, unmanned aerial vehicles, robotic arms, and underwater drones, among other robotic systems. This collection also includes companies developing operating systems and vision modules for robots.
Companies focused on the technologies to increase manufacturing productivity, ranging from automation & robotics to AR/VR to factory analytics & AI, plus many more.
Harvest Automation Patents
Harvest Automation has filed 18 patents.
The 3 most popular patent topics include:
- Computer vision
- Fruit vegetables
Data management, Computer data storage, Cloud storage, Computer storage devices, Distribution (business)
Data management, Computer data storage, Cloud storage, Computer storage devices, Distribution (business)
Latest Harvest Automation News
Dec 1, 2022
News provided by Share this article Share this article The global smart harvest market was valued at $8,380.0 million in 2021 and is projected to reach $16,850.0 million by 2027, growing at a CAGR of 12.50% during the forecast period 2022-2027. The growth in the global smart harvest market is expected to be driven by the increasing adoption of smart agriculture practices, labor shortage in agriculture farms, and increasing need for sustainable agriculture. Market Lifecycle Stage The smart harvest market is in the introductory growth phase. Increased research and development activities in agriculture, rising awareness of tech-based farming, and shortage and aging of agricultural workers in many countries are expected to increase the demand for smart harvesters such as robotic harvesters and automated tractors among farmers and other agriculture companies. Increasing crop production costs and increasing need for workforce automation are further supporting market growth. Increasing adoption of robotic technology in agriculture practice and the implementation of several sensors as well as 3D imaging in smart farms are some of the major opportunities in the global smart harvest market. Moreover, the smart harvest market has huge opportunities in the Asia-Pacific region since most of the countries located in this region have huge agricultural sectors, which contribute to the nation's GDP. Impact North America generated the highest revenue of $2,290.0 million in 2021, which is expected to reach $4,540.0 million by 2027. The region has been experiencing rapid growth in the smart farming industry in the past few years owing to increasing technological advancements and increasing government support for the usage of smart equipment. Owing to several benefits of smart farming, farmer and growers in this region are adopting different technologies on their farms, such as GPS, drones, robots, smart controllers, monitors, and others. All these factors are further influencing the market growth of smart harvest technologies in North America. Furthermore, Europe generated a revenue of $1,740.0 million in 2021 and is expected to grow at a CAGR of 10.37% from 2022 to 2027. High revenue generation was majorly attributed to increasing the use of smart farming systems and increasing investments from the European Commission for IoT-based smart farming. Most of the growth is expected to be driven by Eastern Europe countries in the forecast period. Recent Developments in Global Smart Harvest Market In June 2022, Dogtooth Technologies introduced its latest fleet of strawberry-harvesting robots, mainly in the U.K. and Australia, to ease growers' labor woes. In November 2021, Iron Ox launched Grover, an all-new autonomous mobile robot. Grover is a durable, hygienic as well as highly capable autonomous mobile robot that allows Iron Ox to save water, land, and energy. In November 2021, Fieldin acquired Midnight Robotics to advance its autonomous platforms. This acquisition was aimed at creating a brand-new sensor-based platform with driving technologies to improve the day-to-day management of the farm. In February 2019, OCTINION launched a strawberry-picking robot named Rubion. Rubion navigates through the strawberries, detects the ripe ones, picks the fruits without bruising, and places them in its punnet. Demand - Drivers and Limitations High Adoption of Smart Agriculture Technique to Optimize Crop Yield Need for Reducing Crop Production Cost Lack of Sufficient Workforce High Cost of Smart Harvesting Equipment Less Adoption among Small-Scale Farmers Technical Complexities Affecting Smart Harvest Adoption Key Market Players and Competition Synopsis The companies that are profiled have been selected based on inputs gathered from primary experts and analyzing company coverage, product portfolio, and market penetration. The key market players are offering smart harvesters for controlled environment agriculture and on-filed agriculture. Autonomous tractors and smart harvesters are used on-field for harvesting crops such as cotton, nuts, wheat, hemp, and others. These harvesters are fully automated and can automatically set harvesting schedules by collecting data from different software regarding the maturity of crops. Sometimes only one human labor is required along with the robotic harvester during the harvesting cycle. Apart from saving the cost of labor, there are several advantages of using robotic harvesting. The on-field segment captured about 55.56% share in the global smart harvest market in 2021. Also, controlled environment agriculture captured about 44.44% share in the global smart harvest market. Indoor farms, aquaponic and hydroponic farms, vertical farms, greenhouses, nurseries, and hybrid farms come under controlled environment agriculture. Most of these farms run with the help of artificial lights, humidifiers, sprinklers, controllers, monitors, drones, and robots. Since farmers and growers are looking for sustainable ways of agriculture, indoor farming or tech-based farming is gaining popularity. To reduce operational costs, these farms prefer robots to human labor for their operation. Hence, harvesting robots are quite beneficial for these farms. Some of the established players in this market are: Controlled Environment Agriculture: Companies Offering Smart Harvesters Agrobot
Harvest Automation Frequently Asked Questions (FAQ)
Where is Harvest Automation's headquarters?
Harvest Automation's headquarters is located at 85 Rangeway Road, North Billerica.
What is Harvest Automation's latest funding round?
Harvest Automation's latest funding round is Debt - III.
How much did Harvest Automation raise?
Harvest Automation raised a total of $33.51M.
Who are the investors of Harvest Automation?
Investors of Harvest Automation include MassVentures, EQT Life Sciences, Founder Collective, Entree Capital, Cultivian Sandbox and 4 more.
Who are Harvest Automation's competitors?
Competitors of Harvest Automation include Simbe Robotics.
Compare Harvest Automation to Competitors
Bossa Nova Robotics creates autonomous service robots for the global retail industry. Bossa Nova technology and services empower retailers to make informed inventory decisions and take rapid action by automating the collection and analysis of on-shelf inventory data in large-scale stores. Retailers can therefore improve their productivity and create a better shopping experience.
COSY is an artificial intelligence software company that powers off-the-shelf robots to survey retail store floors. Its flagship technology platform, SCOUT, relies on artificial intelligence, machine vision, and robots to streamline stocking process for brick-and-mortar retail companies. SCOUT improves inventory management by providing accurate, comprehensive store surveys that feature consistent shelf accuracy to help companies minimize stock-outs, increase planogram compliance, and liberate employees for customer service activities.
Corvus Robotics creates indoor drones, robots, and analytics to help facilities automate inventory, keep associates healthy, and increase worker efficiency. The company was founded in 2017 and is based in Mountain View, California.
Retail Aware operates a platform for in-store shopper behavior data. Its platform helps brands, retailers, and their partners measure in-store product displays and shopper behavior data in real time. The firm was founded in 2016 and is based in Omaha, Nebraska.
Focal Systems provides solutions for retailers to improve inventory management, reduce out-of-stocks, enhance the shopper experience, and optimize checkout lanes. Focal's solutions consist of devices in stores that leverage machine learning and computer vision technology. The company was founded in 2015 and is based in Burlingame, California.
Pensa is an innovator in autonomous perception systems for retail inventory. Its system uses artificial intelligence, autonomous drones and computer vision to see and understand what’s on store shelves, providing data to minimize stockouts, optimize product planning, and boost revenues and profitability. Pensa partners with retailers and CPG brands globally to address a trillion-dollar “blind spot” at a critical time for the retail industry.
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