4AG Robotics Secures $40M CAD in Series B Funding Round

4AG Robotics has raised $40 million CAD in a Series B funding round led by Astanor and Cibus Capital. This financing will enhance the company’s development of automated mushroom-harvesting robots, addressing labor challenges in the mushroom industry. The funding follows a previous $17.5 million CAD round in 2023, positioning 4AG for potential profitability within the next 12-24 months.

Original excerpt: 4AG Robotics is deploying Series B funding to bolster its ability to make mushroom-harvesting robots, which are digging into the root challenges facing mushroom growers today…

Source: AgTechNavigator.com