Naio Technologies Closes Series A Funding to Ready Weeding Robots for Mass Production

By The Robot Report

Earlier this month, Naio Technologies SAS closed a €14 million ($15.53 million U.S.) Series A funding round, according to The Robot Report. The French agricultural robotics company has been developing field robots for weeding. They are intended to reduce physical strain on farmers and reduce reliance on chemical herbicides, which can harm the environment.

Engineers Aymeric Barthes and Gaëtan Séverac founded Naio Technologies in Toulouse, France, in 2011. They have worked closely with farmers, mostly in France, to design, manufacture, and market systems to help them in their daily work. The company had previously raised €3.2 million ($3.55 million) in 2015.

Bpifrance led the Series A round, with participation from impact investor Pymwymic and historical shareholders Demeter and Capagro. Naio Technologies said the new investment will help it “further capitalize on its position as a leader in agricultural robotics and reach the next level of technology maturity in order to prepare the robots for mass production.”

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