John Deere is paying $250m to buy the AgFunder-backed self-driving tractor system developer.
Farming and construction equipment producer John Deere agreed yesterday to acquire Bear Flag Robotics, a US-based autonomous tractor developer backed by agriculture-oriented media, data and investment company AgFunder, for $250m.
Founded in 2017, Bear Flag is working on self-driving technology aimed at agricultural machinery.
Jahmy Hindman, chief technology officer for John Deere, said: “Bear Flag’s team of talented agriculture professionals, engineers and technologists have a proven ability to deliver advanced technology solutions to market.
“Joining that expertise and experience with…
