Faromatics
About Faromatics
Faromatics is a company founded in 2016 was acquired by AGCO in September 2021.. Faromatics operates in a competitive market with competitors including Lely, Prompt AMCS, Aeropowder, TIBOT Technologies and Birds Eye Robotics, among others.
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Sectors
Industrial Goods & ManufacturingAgriculture
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Email
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Phone
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Website
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Social
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Software Development Team
166 people
Leadership Team
61 people
Finance and Accounting
35 people
Human Resources and Administration
29 people
Sales and Marketing
26 people
Product Management Team
22 people
Global Team
14 people
Senior Team
13 people
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Funding Insights of Faromatics
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Faromatics
Faromatics has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include AGCO. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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On-field and off-field agriculture machinery is manufactured and marketed.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Faromatics
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Faromatics
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Faromatics Comparisons
Competitors of Faromatics
Faromatics operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Lely, Prompt AMCS, Aeropowder, TIBOT Technologies and Birds Eye Robotics, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Robotic systems for milking, feeding, and barn cleaning are manufactured.
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Automatic milk collection systems are supplied for dairy operations.
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Feather waste is transformed into bio-composites for insulation applications.
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Robotic solutions for poultry farming operations are developed and offered.
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Provider of AI-based robotic solutions for poultry farming
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Manufacturing and supply of ventilation systems for pig and poultry farms
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Faromatics
When was Faromatics founded?
Faromatics was founded in 2016.
What does Faromatics do?
Faromatics was established in 2016 in Spain within the agritech sector. Automation and robotic solutions are produced and distributed for livestock farms. Precision livestock farming techniques are applied to support farm-centric management of animals and operational efficiency. Products remain in development stages, with an initial offering targeted at broiler farms scheduled for release in October 2017.
Who are the top competitors of Faromatics?
Faromatics's top competitors include Prompt AMCS, Lely and Skov.
Who are Faromatics's investors?
Faromatics has 1 investor. Key investors include AGCO.