Naïo Technologies raises 33 million dollars to support its industrial and commercial growth

Pioneer and world leader in agricultural robotics, Naïo Technologies has just closed a 33 million dollars (32 M€) Series C fundraising. Led by Mirova, the affiliate of Natixis Investment Managers dedicated to sustainable investment, this new round gathers historical shareholders including the Ecotechnologies Fund, managed on behalf of the French State by Bpifrance, Capagro, Demeter, Pymwymic and Codema. Regional funds M Capital and ARIS Occitanie came alongside. The investors acknowledge the results and the growth strategy as the company doubled its revenues in just one year.

Founded in 2011, Naïo Technologies develops, manufactures and markets autonomous robots for agriculture in close collaboration with farmers and winegrowers. These solutions tackle labor shortage, reduce physical strains, help lowering soil erosion, carbon footprint of farming and herbicides use. In 2013, the first unit of Oz, the farming assistant, was sold and joined in 2018 by Ted, the first vineyard robot. In the meantime, in 2016, Naïo Technologies launched the FIRA, known as the biggest global Ag robotics event, and opened three years later their US subsidiary company in Salinas, California, focusing on key agricultural hubs in North America.