U.S.: Abundant Robotics Shuts Down Fruit Harvesting Business

Abundant Robotics, a Hayward, CA-based agricultural robotics company founded in 2016, has shut down. According to a memo about Abundant’s liquidation obtained by The Robot Report, the company “was unable to develop the market traction necessary to support its business during the pandemic.”

On June 29, 2021, Abundant put up for sale all of its intellectual property and assets. Abundant said it has a “host of IP, including a large body of vacuum manipulation patents (and patent applications), a patented sensory system to allow the vacuum to navigate obstruction, a patented world-class vision system for identifying fruits and their quality, and several software patents for the machine’s automated operations (including a solution to solve for “doubles” that enables the machine to pick multiple fruit at once.”

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You can read the liquidation memo here to learn more about the available assets and the market opportunity. Abundant also failed to raise another round of funding. It raised a total of $12 million, according to Crunchbase, but its $10 million Series A closed back in May 2017. It raised a $2 million Seed Round from SRI Ventures in 2016.

Read more at The Robot Report.

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