Aerial spray drone company Rantizo, an NAAA Allied Industry member based in Iowa City, IA, has received $6 million in expansion funding led by Leaps by Bayer, Fulcrum Global Capital, and Innova Memphis. Leaps by Bayer (Bayer the pesticide and pharmaceutical company) has invested over $1.5 billion in venture capital in the agriculture and health care industries in an effort, according to its website, to “shift core paradigms in our industries.”
CEO Rantizo Mariah Scott stated, "Our vision is to build a service network that puts autonomy to work in ag, starting with spray drone services. We are excited to expand our nationwide operator network, deploy our work management and as-applied map software, and continue our exponential growth in acres treated."
Rantizo operators provide drone application services in 30 states. View the full press release here