4AG Robotics Raises $40M In Series B Financing

Series B Announcement (CNW Group/4AG Robotics)

SALMON ARM — On Jul. 29, 4AG Robotics, involved in autonomous mushroom harvesting, announced the close of its $40 million CAD Series B financing, led by Astanor and Cibus Capital, with support from new investor Voyager Capital and existing investors InBC, Emmertech, BDC Industrial Innovation Fund, Jim Richardson Family Office, Stray Dog Capital and Seraph Group. This round follows a $17.5 million round in 2023, bringing total capital raised to $57.5 million in the past two years.

The funding positions 4AG to meet demand for its robotic harvesting platform, already in use across Canada, Ireland, and Australia, with new deployments reportedly to be underway in the Netherlands and the United States.

“This funding helps us leap from a start-up proving our product works to a scale-up manufacturer trying to keep pace with demand,” said Sean O’Connor, CEO of 4AG Robotics. “In just two and a half years, we’ve gone from asking farms to trial our technology to having deposits for over 40 additional robots. As one of the first companies to fully automate the human hand in produce harvesting, we’re ushering in a new era for mushroom farming.”

In a statement, 4AG Robotics said that its system uses AI-powered computer vision, suction grippers, and motion control to autonomously harvest, trim, and pack mushrooms 24/7—without manual labor. Designed to reportedly retrofit into existing Dutch-rack infrastructure, the robots enable reduced labour costs and real-time operational data for growers.

“We’re not just building robots—we’re building a new operating system for the mushroom industry,” said Michelle Lim, VP of Growth at 4AG Robotics. “Growers want tech that works out of the box, delivers ROI in under three years, and scales globally. That’s what we’ve built. And this funding gives us the fuel to move even faster.”

In a press release, 4AG Robotics said that with the financing, it plans to expand its manufacturing footprint in Salmon Arm, B.C., grow its field service and customer success teams, and accelerate development of other features like punnet packing, disease detection, and AI-driven yield optimization.