RoBotany's $35 million financing tops recent funding news in Pittsburgh

RoBotany's $35 million financing tops recent funding news in Pittsburgh
Photo: Idelic/Facebook
By Hoodline - Published on October 15, 2019.

Pittsburgh-based food and beverage company RoBotany has secured $35 million in funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced Oct. 9 and financed by Drive Capital.

According to its Crunchbase profile, "RoBotany is transforming modern indoor agriculture with automated robotics and software analytics. Their patent-pending technology improves labor efficiency and crop output while also providing an unprecedented level of data analysis for optimization from seed to harvest."

The four-year-old startup also raised a seed round in 2016.

Over the past year, eight Pittsburgh-based food and beverage companies have secured venture funding, totaling $43 million in new investment to the local industry.

In other local funding news, transportation company Idelic announced a $8 million Series A funding round on Sept.18, led by Origin Ventures.

According to Crunchbase, "Idelic is a software enterprise solutions provider for transportation fleets based in Pittsburgh PA. Born from the trucking industry and infused with modern innovation and entrepreneurship,"

Founded in 2016, the company has raised three previous rounds, including a $2 million seed round in 2018.

This story was created automatically using local investment data, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.