Ag-tech firm TerraClear has successfully raised $15 million in funding, underscoring the company’s dedication to transforming the agricultural industry.
Headquartered in Issaquah, Washington, and Grangeville, Idaho, TerraClear aims to optimize rock removal, an issue that has long plagued farmers worldwide.
The fresh capital, which brings the total funding to an impressive level, will expand the sales division and build alliances with original equipment manufacturers, both of which will greatly contribute to the company’s growth and service expansion.
The latest funding round, led by Madrona Venture Group, follows a successful $25 million Series A round in May 2021 and includes investments from TerraClear’s CEO and others. This new financial influx is a strong endorsement of the company’s direction and potential.
TerraClear, launched in 2017 by former Onyx Software CEO Brent Frei, aimed to simplify rock removal on farmland. TerraClear’s innovative rock-picking technology has revolutionized farm maintenance by making the once time-consuming task faster and more efficient.
Optimizing ag-tech: TerraClear’s funding boost
Emphasizing the company’s distinctive problem-solving approach in the Ag-tech sector, Brent Frei takes great pride in TerraClear’s accomplishments.
Equipped with advanced software and artificial intelligent systems that constantly evolve and improve with accumulating data, TerraClear successfully delivers a comprehensive solution for rock displacement in farming. They provide services like drone-supported field mapping and collaborations with service providers, serving around 100 farmers, mainly in Minnesota and Iowa.
Focusing on developing autonomous machinery for rock-picking, TerraClear is swiftly moving towards full implementation. To date, the company has amassed $53 million in funding and employs around 40 people.
CEO Brent Frei finds immense satisfaction in leading the startup and draws parallels between TerraClear’s mission and Amazon’s transformation of the book industry.
