Blue River Tech Acquired by John Deere Following $17M funding
Blue River Technology, a Californian startup that created robots to weed, thin and spray vegetable fields, raised $17 million in a competitive Series B funding round in December of 2015, bringing their total capital to $30.3 million. Pontifax Global Food and Agriculture Technology Fund led the round and was joined by two agribusiness corporate venture arms Syngenta Ventures and Monsanto Growth Ventures. Blue River’s heavy-hitting existing investors — Khosla Ventures, Data Collective Venture Capital, and Eric Schmidt’s Innovation Endeavors — also participated in a round that saw Blue River turning potential investors away, according to Jorge Heraud, co-founder and CEO of Blue River.
Following this enormous financial success, Blue River Technology garnered further acclaim and was acquired by John Deere in January 2017 for $305 million.
👤 Jorge Heraud
💼 Blue River Technology
📍 Sunnyvale, California