Bear Flag Robotics, Inc. Asset Profile

= Subscriber Access Only

You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.

Year established

2017

Location

Newark CA US

Primary Industry

Agribusiness

About

Based in California, US, Bear Flag Robotics, Inc. was founded in 2017 by co-founders Aubrey Donnellan and Igino Cafiero. The company develops self-driving technology for agricultural tractors, that improves farm safety, dependability, and profitability. As of 2021, the company raised a total of 4 Seed funding rounds. In January 2021, the company raised USD 7.9 million in seed funding by investors True Ventures, AgFunder, D20 Capital, Graphene Ventures, and Green Cow Venture Capital. In August 2021, John Deere has acquired Bear Flag Robotics for USD 250 million. The company has 19 employees as of July 2021. The company builds autonomous technology for farm tractors – the hardware, sensors, actuators, and software to plan routes which can be controlled and commanded from central mission control that receives real-time information about everything that happens on a tractor, allowing farmers to reduce input while increasing production yield. The technology gives the machine the ability to navigate through rugged and changing environments. The Bear Flag team is made up of agriculture specialists, engineers, and technicians that are interested in autonomy, sensor fusion, vision, data, software, and hardware. The acquisition of the company will accelerate autonomous technology on the farm. As a consequence of the acquisition, the firm will remain in Silicon Valley and cooperate with Deere to promote innovation and autonomy for clients all over the world. The company with its funding in January 2021 will use the funding to increase the number of autonomous tractors in its fleet and to make new engineering hires.

Current Investors

True Ventures, Trucks Venture Capital, Venture University Venture Partners

Request a demo to show more

Primary Industry

Agribusiness

Sub Industries

Farm Equipment

Website

www.bearflagrobotics.com

Verticals

Agtech, Artificial Intelligence, Robotics

Company Stage

Acquired

Total Amount Raised

Subscriber access only

Deals

Deals Type
Trade Sale

Deal Status	Target (s)	Deal Date	Investor(s)	Seller(s)	Deal size (Mn)	Enterprise value (Mn)	Post-money valuation (Mn)	EBITDA multiple (x)	Revenue multiple (x)	Lead partner (s)
Completed	Bear Flag Robotics, Inc.	05 Aug 2021

Displaying 1-1 of 1

Time to go Pro

Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.