Octopusbot raises more than $1M and expands its

Sydney-based Octopusbot has secured its first external funding round, raising more than $1 million from Folklore Ventures and No Brand.

Its AI platform combines satellite imagery, weather, historical yields and commodity-market information to forecast crop production, supply risks and price direction. The company is also working with Elders on new crop-monitoring and decision-support products.

Octopusbot raises more than $1M and expands its partnership with Elders

The Sydney-based crop-forecasting startup secured its first external round from Folklore Ventures and No Brand, and is building new decision-support products with Elders.

By Dirk Vandenhirtz

Published: July 28, 2026 · AgTech AI · Australia · 2 min

Sydney-based Octopusbot has secured its first external funding round, raising more than $1 million from Folklore Ventures and No Brand.

Its AI platform combines satellite imagery, weather, historical yields and commodity-market information to forecast crop production, supply risks and price direction. The company is also working with Elders on new crop-monitoring and decision-support products.

Source: Startup Daily

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