British Columbia-based 4AG Robotics has raised $40 million CAD in a Series B round to scale manufacturing of its AI-powered mushroom-harvesting robots.
The round was led by Astanor Ventures and Cibus Capital, with participation from Voyager Capital, Emmertech, BDC Capital, InBC, James Richardson & Sons, and Stray Dog Capital.
AI meets agriculture: robots that harvest like humans
Founded as TechBrew Robotics in 1999 and rebranded in 2023, 4AG Robotics has developed the Forager HX-400, an autonomous mushroom-picking robot using patented suction-cup technology. The system also integrates AI to monitor crop health and optimize yields. The startup now describes itself as an “AI company that had to build the hardware first.”
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Growing fast: 53 units sold, global demand accelerating
With 53 robots sold and orders booked until February 2026, the company has customers in Canada, Ireland, and Australia, and growing interest from the U.S. and Netherlands. 4AG Robotics generated $2.5 million in revenue last year and is on track for $7 million in 2025. It plans to expand its 78-person team by 30 field and customer success hires.
Capital to fund production scale-up and AI features
The new funding will accelerate manufacturing, AI development, and global rollout of the robots. The company also plans to raise an additional $10M in debt financing to support hardware scaling. The Series B brings 4AG’s total funding to over $60 million CAD.
Focused execution in a high-demand, underfunded sector
CEO Sean O’Connor, formerly of Conexus VC and Emmertech, said the round reflects confidence in 4AG’s market traction. “You can’t build hardware in agriculture on a shoestring,” he noted. “This round gives us the capital to move faster — and make the mistakes we need to learn from.”
No plans (yet) beyond fungi
While future crop applications are possible, O’Connor said the focus remains strictly on mushrooms: “We constantly say we’ll be successful based on what we say ‘no’ to. For now, it’s all mushrooms.”
