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SNR Ventures company logo
Venture Capital
snr.vc

Investments

13

Funds

3

About SNR Ventures

SNR Ventures is a venture capital firm based in San Francisco.

Headquarters Location

1 Bluxome St. #203

San Francisco, California, 94107,

United States

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Latest SNR Ventures News

Bonsai Robotics: $13.5 Million Raised To Provide Automation Solutions For Off-Road Environments

Oct 10, 2023

Bonsai Robotics – a company that provides the first computer vision-based automation solutions for harsh off-road environments – recently announced that it has raised a $13.5 million seed round led by Acre Venture Partners with participation from E14, Congruent, Serra Ventures, Fall Line Capital, SNR Ventures, Andros, and angels including Travis Deyle (founder of Cobalt Robotics), Lee Redden (founder of Blue River Tech), and Matt Barnard (founder of Plenty). Bonsai Robotics will use the funds to accelerate its product roadmap and invest in hiring, sales, and marketing. Bonsai Robotics is focused on environments where traditional GPS, stereovision, time of flight sensors, and LIDAR-based autonomy systems fail. And the first market is orchards – specifically nut orchards – a space that’s been beleaguered by severe labor shortages, environmental pressure and price pressure, and so challenging and adverse that even decades-old autosteer technology used in row crops does not work. Bonsai Robotics solutions are integrated with OEM farm equipment to enable vehicles to traverse orchards without human operators autonomously. Since Bonsai Robotics software utilizes AI SLAM (Simultaneous Localization and Mapping) technology built using a data set of tens of thousands of acres, it can operate in adverse conditions, including remote areas with dust, debris, heavy vibration, and unreliable GPS coverage. Bonsai Robotics can also integrate with the many different machines used in an orchard. The company has already forged relationships with key OEMs, including OMC and Flory Industries, and with strategic partner Danfoss. Several California growers participated in trials of Bonsai Robotics technology in their fields in 2023. KEY QUOTES: “The results we saw from Bonsai Robotics were outstanding. The system seamlessly adapted to any field condition and enabled us to harvest faster than when we used traditional shakers alone. This is the most transformative technology I’ve seen in ag tech since the advent of GPS – it will redefine how we approach orchard management and harvesting.” Ceil Howe at Pomona Farming “Bonsai Robotics is combating growers’ biggest challenge: the labor shortage. This is the type of innovation that will drive fundamental change to improve access to fresh food and lighten the footprint of each acre. After years looking into robotics and autonomy, we feel Bonsai presents the best solution we’ve seen and look forward to working closely with Tyler, Ugur and the team to make Bonsai ubiquitous in orchards and beyond.” Lucas Mann, Managing Partner at Acre Venture Partners, a firm focused on sustainability in the food system “To date, GPS-based computer vision systems have failed in harvest conditions, meaning all machinery had to be operated by humans. Our team has a deep background in ag tech, autonomous vehicles and computer vision, and we were determined to solve this problem. We did it through state-of-the-art 3D vision techniques using standard, durable automotive cameras to keep the cost down.” Ugur Oezdemir, co-founder of Bonsai Robotics “Early feedback from OEMs and our grower customers has been outstanding. With our use case now proven, Bonsai Robotics can move forward with expansion into other areas of agriculture and beyond to other off-road environments. We’re thankful to our investors and customers for their support and looking forward to what’s to come.” Tyler Niday, co-founder and CEO of Bonsai Robotics Trending on Pulse 2.0

SNR Ventures Investments

13 Investments

SNR Ventures has made 13 investments. Their latest investment was in Cambrium as part of their Seed VC - II on October 10, 2023.

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SNR Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/31/2023

Seed VC - II

Cambrium

$8.53M

Yes

3

10/2/2023

Seed VC

Bonsai Robotics

$10.5M

Yes

3

9/22/2023

Series A

Mesh

$22.25M

Yes

2

8/22/2023

Pre-Seed

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$99M

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10

8/21/2023

Pre-Seed

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$99M

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10

Date

10/31/2023

10/2/2023

9/22/2023

8/22/2023

8/21/2023

Round

Seed VC - II

Seed VC

Series A

Pre-Seed

Pre-Seed

Company

Cambrium

Bonsai Robotics

Mesh

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Amount

$8.53M

$10.5M

$22.25M

$99M

$99M

New?

Yes

Yes

Yes

Subscribe to see more

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Co-Investors

Sources

3

3

2

10

10

SNR Ventures Fund History

3 Fund Histories

SNR Ventures has 3 funds, including SNR -3 dB.

Closing Date

Fund

Fund Type

Status

Amount

Sources

9/23/2020

SNR -3 dB

$39.78M

2

11/2/2018

SNR -2 dB

$99M

10

SNR - 1 dBP

10

Closing Date

9/23/2020

11/2/2018

Fund

SNR -3 dB

SNR -2 dB

SNR - 1 dBP

Fund Type

Status

Amount

$39.78M

$99M

Sources

2

10

10

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