About Smart Ag
Smart Ag is a company based in Ames (United States) founded in 2015 was acquired by Raven Industries in November 2019.. Smart Ag has raised $5 million across 1 funding round from investors including Stine Seed and Raven Industries. Smart Ag offers products and services including OMNiDRIVE, Slingshot, and Viper 4+. Smart Ag operates in a competitive market with competitors including Clearpath Robotics, Overland, Muddy Machines, Bear Flag Robotics and Bluewhite, among others.
- Headquarter Ames, United States
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Sectors
Transportation, Automotive & LogisticsAgriculture Technology
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Phone
*********
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Website
*********
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Social
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- Legal Name Raven Industries, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$5 M (USD)
in 1 rounds
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Latest Funding Round
$5 M (USD), Seed
Jun 14, 2018
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Investors
Stine Seed
& 1 more
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Employee Count
Employee Count
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Acquired by
Raven Industries
(Nov 01, 2019)
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Products & Services of Smart Ag
Smart Ag offers a comprehensive portfolio of products and services, including OMNiDRIVE, Slingshot, and Viper 4+. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Driverless platform for efficient grain collection during harvesting.
System for remote management of farming operations and logistics.
Advanced interface for controlling agricultural equipment in the field.
Funding Insights of Smart Ag
Smart Ag has successfully raised a total of $5M through 1 strategic funding round. The most recent funding activity was a Seed round of $5 million completed in June 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $5.0M
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First Round
First Round
(14 Jun 2018)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2018 | Amount | Seed - Smart Ag | Valuation |
investors |
| 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 Smart Ag
Smart Ag has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Stine Seed and Raven Industries. 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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High-performance corn and soybean seeds are developed.
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Founded Year | Domain | Location | |
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High-altitude balloons and tracking technologies are developed.
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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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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Smart Ag
| 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 - Smart Ag
| 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 |
Smart Ag Comparisons
Competitors of Smart Ag
Smart Ag 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 Clearpath Robotics, Overland, Muddy Machines, Bear Flag Robotics and Bluewhite, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Autonomous robots and software are provided for diverse industries.
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| domain | founded_year | HQ Location |
AI-enabled self-driving delivery vehicles for off-road terrains are developed.
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| domain | founded_year | HQ Location |
AI-powered autonomous robots for crop fieldwork are developed.
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| domain | founded_year | HQ Location |
Self-driving technology for tractors is developed and retrofitted.
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| domain | founded_year | HQ Location |
Autonomous farming solutions are provided via AI and robotics.
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| domain | founded_year | HQ Location |
Mobile assistant software is provided for autonomous agricultural machinery.
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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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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Smart Ag
Frequently Asked Questions about Smart Ag
When was Smart Ag founded?
Smart Ag was founded in 2015 and raised its 1st funding round 3 years after it was founded.
Where is Smart Ag located?
Smart Ag is headquartered in Ames, United States. It is registered at Ames, Iowa, United States.
Is Smart Ag a funded company?
Smart Ag is a funded company, having raised a total of $5M across 1 funding round to date. The company's 1st funding round was a Seed of $5M, raised on Jun 14, 2018.
What does Smart Ag do?
Smart Ag was founded in 2015 in Ames, United States, focusing on the agriculture technology sector. An autonomous farm equipment platform is offered, including Smart HP kits for automating tractors with guidance, path planning, obstacle detection, and communication features. SmartNX enables machine-to-cloud and machine-to-machine connectivity, while AutoCart supports driverless grain cart operations. Compatibility with various GPS systems, over-the-air updates, WiFi access, and multiple cellular providers is included.
Who are the top competitors of Smart Ag?
Smart Ag's top competitors include Clearpath Robotics, Overland and AutoNxt Automation.
What products or services does Smart Ag offer?
Smart Ag offers OMNiDRIVE, Slingshot, and Viper 4+.
Who are Smart Ag's investors?
Smart Ag has 2 investors. Key investors include Stine Seed, and Raven Industries.