John Deere agrees to acquire Bear Flag Robotics for $250 million
John Deere signed a definitive agreement to acquire Bear Flag Robotics for $250 million.
Evidence notes
- Bear Flag developed autonomous driving technology compatible with existing farm machines.
- The acquisition supported Deere's plan to accelerate autonomous technology on the farm.
Company context
Bear Flag Robotics develops autonomous-driving technology for farm tractors. The Newark company is a Y Combinator W18 startup acquired after building autonomy systems for agricultural field operations.