Gunderson Dettmer represented Chicago-based client Sabanto, a farming machinery manufacturer, in the announcement of its $17 million Series A financing led by Fulcrum Global Capital. Sabanto’s farming-as-a-service technology provides turn-key agriculture services using a supervised autonomous equipment platform allowing farmers to monitor and operate their land from one central location. The new capital will be used to make autonomy affordable, reliable, and scalable for farmers and expand their products.

In the announcement of the transaction, founder and CEO Craig Rupp said, "We started Sabanto with our sights set on fixing the lack of labor and resetting the out-of-control capital expenses in agricultural machinery. We see a future of smarter, smaller, lighter, less expensive, and more sustainable swarms of autonomous equipment, substituting horsepower and weight for time. We've assembled a team of actual ag-experienced engineers and scientists, working alongside real farmers, proving this isn't just a thought exercise."

The Gunderson Dettmer deal team was led by Joe Raffetto and included Nicholas Agate, Garrett Darling, and Andrew Cabral.

Companies
Sabanto
Fulcrum Global Capital