Saga Robotics secures $ 11,5 million in growth capital, expansion Thorvald 3
Technology company Saga Robotics has raised $ 11,5 million in growth capital through an equity transaction. Existing shareholders, Nysnø Climate Investment, Aker, Rabo Ventures, Hatteland, Melesio Capital and Sanden, continue to support the company. New shareholders are Songa Investments, which is part of Blystad Group and MP Pensjon. Founder Pål Johan From remains as one of the main shareholders.
Saga Robotics, a Norwegian technology company, offers artificial intelligence-powered robots. The autonomous robots, named Thorvald, reduce plant diseases and promote sustainable food production with lower CO2 emissions and a 60-90% reduction in pesticides.
Growth in American vineyards
The new capital will be used to position the company for growth in American vineyards, continue expansion and strengthen its position in British strawberry farms, and develop new tools and data services. In the UK, the company has contracts with major players in strawberry production, significantly expanding the treated area compared to the previous year. This has set the stage for growth in the vast American wine market, where Thorvald is already in use with customers.
Scaling will be facilitated by a new generation of the robot, Thorvald 3, which operates larger areas more efficiently and is designed for both scaled production and operation. The robotemploys high-intensity UV-C light, an effective method to combat the fungus powdery mildew, without the need for pesticides. Thorvald is also equipped with cameras, collecting images and information from each plant for crop prediction. Data collection is already underway in the UK, where Thorvald also performs tasks such as cutting runners and spreading predatory mites in strawberry production.
Join 17,000+ subscribers
Subscribe to our newsletter to stay updated about all the need-to-know content in the agricultural sector, two times a week.
