Recent Deals – 14 September

Looking for the latest market movement in cleantech? From robots for farmers and food enhanced polymers to oil exploration solutions, find the insights you’re looking for right here.

Agriculture & Food

Saga Robotics, developer of autonomous modular robots for agriculture applications, raised $11.3 million in Series A funding from ADM Capital, Rabo Food and & Agri Innovation Fund, Nysno and Propagator Ventures. The funding will be used for further product development and to demonstrate the solution’s capabilities on a large scale. The robot is equipped to pick fruits and vegetables, reduce mildew using UV light treatment and spray pesticides. Ir also has an advanced navigation system and artificial intelligence.

Energy & Power

Terabase, provider of a development and deployment platform that tracks and automates utility-scale solar projects using digital twin technology, raised $6 million in a Series A round led by SJF Ventures with previous investors Powerhouse, City Light Capitala and Trancoso Partners participating. The new round of funding will be used to expand the team and increase service offerings. The Terabase platform aims to bring down the cost of overall solar development by tracking over 100 components of the deployment and employing a combination of digital tools and artificial intelligence.

Materials & Chemicals

Mito Materials, developer of nano-additives for improving composite materials, secured $1 million in seed funding from Dipalo Ventures, Clean Energy Trust, VisionTech Angels, Elevate Ventures, Cortado Ventures, CVA Angels and HG Ventures. Funding will be used in product development and to enable effective market entry. Mito’s proprietary hybrid polymer modifiers improve product durability and performance and are currently marketed towards use in automotive parts and ancillary’s production.

Resources & Environment

Earth Science Analytics, developer of AI-based geoscience software to accurately predict rock and fluid properties, secured $8.5 million in a growth equity round. Investors included Equinor Technology Ventures, Wintershall Dea Technology Ventures, Sumitomo Corporation and Saudi Aramco Energy Ventures. Funding will enable continued development of the cloud-based geoscience platform and international expansion. The data-driven approach allows for higher success rates in oil and gas exploration.

Transportation & Logistics

Ouster, developer of high resolution long, medium and short range lidar sensors, raised $42 million in a Series B round. The investors in this round were undisclosed. The funds will be used to support product development as well as drive international sales. The sensors, providing camera-like image quality, have applications in autonomous transportation, robotics, industrial automation and smart infrastructure.

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