Technology company Saga Robotics has successfully raised $11,5 million in growth capital through an equity transaction. Existing shareholders, Nysnø Climate Investment, Aker, Rabo Ventures, Hatteland, Melesio Capital and Sanden, continue to support the company. New shareholders are Songa Investments, which is part of Blystad Group and MP Pensjon. Founder Pål Johan From remains as one of the main shareholders.
Saga Robotics, a leading Norwegian technology company, is revolutionizing agriculture by replacing traditional tractors and manual labour with artificial intelligence-powered robots. The autonomous robots, named Thorvald, reduce plant diseases and promote sustainable food production with lower CO2 emissions and a 60-90% reduction in pesticides.
“Robots are now capable of covering large areas and performing precision tasks that surpass conventional farming methods. Thorvald is leading the way in this transformation. This year, nearly one in ten strawberries in the UK will be treated by Thorvald – and this is just the beginning of our global journey,” says Anne Dingstad, CEO in Saga Robotics.
The new capital will be used to position the company for growth in American vineyards, continue rapid expansion and strengthen its leading position in British strawberry farms, and develop new tools and data services. In the UK, the company has secured contracts with major players in strawberry production, significantly expanding the treated area compared to the previous year. The success in the UK has set the stage for growth in the vast American wine market, where Thorvald is already in use with large, forward-thinking customers.