Farmbot raises $22 million to expand its agtech business in the US

Australian agtech company Farmbot has raised $22 million in a Series B funding round to accelerate its expansion in the United States and other international markets. The company, founded in Sydney in 2014, develops remote monitoring technology that allows livestock producers to track water infrastructure and other critical farm assets without having to physically inspect them.

The funding round was led by Lewis & Clark Partners, with participation from Fulcrum Global Capital, Builders VC, Level VC, Meat & Livestock Australia’s Cultiv8 Livestock Technology Fund and long-time investor Macdoch Ventures.

Farmbot currently has more than 12,000 customers across Australia, North America and other international markets. Its technology is used to monitor around 10 million cattle and 15 million sheep.

The company operates under the Ranchbot brand in the United States and is headquartered in Fort Worth, Texas. The new investment will help strengthen its presence in the US market while supporting its broader international growth strategy.

Farmbot's technology combines satellite-connected sensors and a digital monitoring platform. Farmers can use their phones to monitor water tanks, troughs, dams, pumps and rainfall across their properties.

The system is designed to reduce the need for producers to make long trips simply to determine whether livestock have access to enough water or whether infrastructure is operating correctly.

Farmbot co-founder and chair Andrew Coppin said the investment would allow the company to expand its team, improve its hardware and software and increase the value delivered to customers.

“This investment means we can put more people on the ground here at home, keep improving our hardware and software, and give our customers even more value. Together with our investors, we’re investing in the future of farming,” Coppin said.

The company is also preparing a corporate restructuring that would make Ranchbot Technology Holdings Inc., a Delaware corporation, the new global parent company of the group.

At the same time, Farmbot plans to broaden its technology beyond remote water monitoring and develop a wider agricultural and water management platform for farms.

The expansion comes as livestock producers increasingly adopt digital tools to monitor infrastructure, reduce operational risks and manage large properties more efficiently.

Chuck Warta of Lewis & Clark Partners highlighted the importance of water management in cattle production and the challenges producers face when monitoring infrastructure manually.

“Managing water infrastructure remains highly manual across much of the industry,” he said.

The investor also pointed to Ranchbot's position in the market, saying the platform is already delivering operational benefits to livestock producers.

For Cultiv8 Livestock Technology Fund founding partner Mal Nutt, the combination of remote monitoring, sensors and artificial intelligence is becoming essential infrastructure for modern livestock operations.

“Farmbot/Ranchbot provides producers with real-time intelligence on their critical assets including animals and water, helping to reduce risk, save time, save water and improve animal welfare,” Nutt said.

Farmbot's expansion reflects a broader shift in agriculture toward connected systems capable of collecting and transmitting information from remote locations. For livestock operations covering large areas, technologies that provide real-time information can help producers detect problems earlier and reduce the amount of time spent on routine inspections.

The company's next stage will focus on expanding its presence in the US livestock market, while continuing to develop a broader technology platform aimed at integrating farm assets, water management and data-driven decision-making.