Rantizo Announces Expansion of Over USD6M Series A Funding

Recent news regarding the extension of its oversubscribed Series A fundraising round came from Rantizo, the top operator network for spray drone services. The new management team will be able to lean into a fresh growth plan for Rantizo thanks to this round, which is being led by Leaps by Bayer and includes Fulcrum Global Capital and Innova Memphis.

“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,” CEO Mariah Scott said, according to a recent press release.

With operators in 30 states, Rantizo has more than doubled the overall acres flown year over year. To help ag retailers better serve growers, Rantizo operators are currently flying and applying with more than 20% of the Top 50 ag retailers. They do this by using spray drones to deliver timely, local, and precise application services for crops like Idaho potatoes.

“A common mantra you hear across agriculture is 'we are going to have to do more, with less.' We believe that autonomy is the future of modern agriculture, and the Rantizo best-in-class software platform, deep drone operator network, and experienced management team provide acceleration not only for the emerging 'spraying-as-a-service' industry but the entire agriculture automation sector as well,” Kevin Lockett, Partner at Fulcrum Global Capital, added.

Up to 60% of ag retailers cite manpower availability as their biggest operational concern. The acceptance and usage of new technology is one of the top five items on that list. With a vast operator network, industry-leading drone service and support, and task management software, Rantizo offers a solution for both.

According to Jan Bouten, Partner at Innova Memphis, the way Rantizo addresses farmers' problems by seamlessly integrating drone services into existing workflows is a perfect fit for our FarmTech-focused fund.

“Rantizo has been a great partner in servicing our grower customers. The drones utilized by Rantizo allow us to provide crop inputs on acres that otherwise may miss an application or go untreated due to poor or wet conditions. We look forward to building upon our current successes and growing this partnership across more of our geography,” Jordan Hart, Regional Operations Manager, Simplot, declared.

As a result of the new strategy that CEO Mariah Scott unveiled, Rantizo more than tripled the number of acres treated for Simplot this year. She joined the company in April after successfully heading Verizon Robotics and Verizon's acquisition of the drone management firm Skyward. She bolstered the leadership group at Rantizo by adding executives with backgrounds in software, service operations, agricultural sales and marketing, aviation, drones, and finance.

“We are excited about the new leadership team at Rantizo. They bring the deep and diverse experience across drones and agriculture required to effectively deploy the service and deliver on the strategy,” PJ Amini, Sr. Director, Leaps by Bayer, summed up.