TRIC Robotics Inc.
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TRIC Robotics Inc. - overview
Established
2017
Location
San Luis Obispo, CA, US
Primary Industry
Agribusiness
About
Based in the US, TRIC Robotics Inc. specializes in developing innovative agricultural solutions, focusing on chemical-free pest and disease control technologies to enhance crop health and yield. Founded in 2017, TRIC Robotics Inc. is located in San Luis Obispo, US.
The company focuses on providing advanced pest control solutions specifically for agricultural applications, particularly benefiting strawberry farmers. In its operations, TRIC Robotics has raised funding through 2 deals, with its latest being a SEED round where it secured USD 5. 50 mn led by Version One Ventures. Notably, the company has not undergone significant pivots or changes in its business strategy since its inception.
TRIC Robotics specializes in innovative pest and disease control solutions for the agricultural sector, targeting strawberry farmers through its ultraviolet (UV) light technology, a chemical-free alternative to traditional methods. This technology effectively manages pests like mites, mildew, and mold, promoting sustainable farming practices. Additionally, the company offers a robust, tractor-scale bug vacuum powered entirely by electricity, enhancing pest control efficiency while adhering to environmentally sustainable practices. TRIC Robotics serves clients primarily in North America and Europe, focusing on agricultural businesses aiming to enhance operational efficiency and crop yields through non-chemical pest control solutions.
TRIC Robotics generates revenue through direct sales of its pest control products and services to agricultural businesses, primarily engaging in B2B transactions for equipment such as UV treatment systems and bug vacuums. The company also potentially offers subscription-based services for bi-weekly pest and disease treatments, providing ongoing crop management data and insights. This model facilitates long-term client relationships, although specific pricing details are proprietary. TRIC Robotics Inc.
is set to leverage recent funding to enhance its product offerings and expand its market reach. The company plans to launch new products that will further improve pest management solutions within the agricultural sector. Furthermore, TRIC Robotics is looking to penetrate new geographic markets beyond North America and Europe, targeting regions such as Asia and South America by 2025. The funding raised in the SEED round will facilitate these expansions and support ongoing research and development efforts to innovate and improve their product line.
Current Investors
Valor Equity Partners, Lucas Venture Group, Version One Ventures
Primary Industry
Agribusiness
Sub Industries
Hardware, Analytics & Performance Software, Farm Equipment
Website
www.tricrobotics.com
Verticals
Agtech, Robotics
Company Stage
Angel & Seed
Total Amount Raised
Subscriber access only

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