Burro, formerly Augean Robotics, Raises a Nearly $11M Series A to Scale its Autonomous Robots
NextFab-based Burro, formerly known as Augean Robotics, has raised a $10.9 million Series A round of financing a little more than two years after its seed round, the company announced Tuesday.
The four-year-old company makes an autonomous, collaborative robot called Burro, which assists in farming labor. And as field labor workforces have shrunk in recent years, the Series A will help in the company in producing more than 500 robots next year for its existing and growing list of customers.
The company recently took on its signature product’s name, which is easier to remember and falls in line with a line of agricultural brands that use an animal for their names like Deere and Bobcat, founder and CEO Charlie Andersen said. The original name was a reference to the Augean Stables that mythology’s Hercules cleaned in a creative way, but it was more an internally recognized reference.
“Fast forward to our having nearly 100 robots running in the field, used by people who almost universally only speak Spanish, and along the way it became pretty clear that none of our end users knew or cared about our original name,” Andersen said.
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