wavemaker partners

wavemaker partners

Robots could soon take on the tasks of farmworkers harvesting the nation's food.

Santa Monica-based Future Acres, an agriculture tech startup, unveiled its first prototype on Tuesday — a robot named Carry that helps farmers transport crops.

Carry won't replace human employees that pick crops. Rather, the remote-operated machine will follow workers and take what they collect back to a sorting facility, speeding up operations in a labor-intensive industry. Since 2017, the team has been quietly busy testing the AI-powered machine that can transport up to 500 pounds of produce in virtually any weather condition.

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On this week's episode of L.A. Venture, hear lots of insights on equity crowdfunding from Buck Jordan. He's raising $50-$100K a day, mostly on SeedInvest, for the robotics and food companies coming out of WaveMaker Labs.

Jordan also addresses the dramatic changes coming to the food industry, and why WaveMaker is so focused on the application of robotics to this industry in particular.

"The best investments I think come from the really hard problems," he says. "There's not a bigger problem right now or an industry that's more under siege than the food industry is."

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Photo by Morning Brew on Unsplash

Tensions between the U.S. and China — the world's two largest economies — and the pandemic are making U.S. investors rethink supply chains once largely dependent on Asia.

That's one of the takeaways from a virtual panel hosted Thursday by the Asia Society Southern California and dot.LA on venture capital in Southern California and Asia.

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