With Initial Funding, Rantizo Poised to Expand Its Agricultural Spraying Drone Network in U.S.
Expanding Rantizo’s Contractor network into additional geographies is a key purpose for the funding round.
Agricultural technology company Rantizo has announced it has raised $7.5 million in series A funding led by Leaps by Bayer and several premiere ag tech investors and strategic partners including: Fall Line Capital, Innova Memphis, Lewis & Clark Ventures, KZValve, and Sukup Manufacturing. Additional participants in the round include ISA Ventures, AgVentures Alliance and other angels, which brings Rantizo’s total funding raised to date to nearly $9 million.
Founded in 2018, Rantizo has developed a platform that integrates with imagery companies to identify issues and deliver precise in-field applications with autonomous drones. In July of 2019, Rantizo received initial FAA approval for single drone spraying operations becoming the first and only company approved for drone spraying in the state of Iowa.
Rantizo gained approval to swarm multiple drones nationwide by FAA in July 2020.
Less than a year later, the company became the first to gain approval for nationwide swarming for agricultural spraying, flying up to three drones at once. Farmers can request Rantizo drone application services such as precise spraying and cover crop broadcasting. To fulfill those requests, a nationwide network of Rantizo Application Services Contractors are provided with a turnkey system in which they purchase drone equipment through Rantizo and gain all licensing, training, and certifications necessary to legally Fly & Apply.
Through their end-to-end solution, Rantizo offers a way for growers to bridge the gap between analysis of their fields to actionable applications, while drastically reducing common issues associated with traditional spraying such as soil compaction, chemical overuse, and drift. Farmers also reap new benefits such as carbon sequestration, soil health improvement, and more timely application of crop care products, stated Ben Riensche, Owner & Manager of Blue Diamond Farming Co. in Jesup, IA.
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