Kubota(US:KUBTY) EU·2026-02-20 08:36Core Insights - Kilter, a Norwegian AgTech startup, has raised €6.5 million in new financing, including a strategic investment from Kubota Corporation, enhancing its growth potential and global ambitions [1][3][10] Funding and Investment - The majority of the funding in this round was provided by Kilter's existing shareholders, indicating strong long-term confidence in the company [2][3] - The investment will support Kilter's next phase of growth, with plans for a Series B financing round [2] Company Background - Kilter was founded in 2015 as a robotics project within Adigo Mechatronics and became an independent company in 2020 [4] - The company aims to address challenges such as labor shortages, rising input costs, and regulatory pressures on chemical use [5] Technology and Product Offering - Kilter develops autonomous weeding robots, with its flagship system AX-1 designed for selective application in row and bed-based crops [6] - The AX-1 robot utilizes advanced imaging technology and AI to achieve 6x6mm accuracy in targeting weeds, allowing for a significant reduction in pesticide use [7][8] - The technology enables up to 95% reduction in pesticide use while maintaining or improving crop yields [8] Market Presence and Expansion - Kilter has been in commercial operation since 2021, serving customers in Northern Europe, including Norway, Sweden, Germany, and the Netherlands [11] - The partnership with Kubota not only provides capital but also brings industrial expertise and global distribution experience, enhancing Kilter's ability to scale internationally [9]