Novariant
Company

Last deal

$4.5M

Amount

Series E

Stage

24.12.2010

Date

3

all rounds

$60.5M

Total amount

date founded

Financing round

General

About Company
Novariant develops auto-steering solutions for vehicles in the agriculture and construction industries.

Industry

Sector :

Subsector :

Keywords :

founded date

01.01.1994

founders

Number of employees

Company Type

For Profit

Last funding type

Series E

IPO status

Private

Description

Their solutions enable wireless operation of vehicles through a tablet, and can integrate with cameras, LiDAR, RADAR, and other technologies to enhance vision. Novariant's precision location and machine control solutions are used in agriculture, construction, automotive, and robotics. In 2014, the company was acquired by AgJunction Inc., a precision GPS company, and their offerings include a single system that controls planters and applicators, monitors yield at the combine, and provides GPS automated steering options with wireless communications and WiFi integration.
Contacts

Contact Email

Phone number

Social url

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M&A Details
1

Transaction name

Acquired by

AgJunction

announced date

16.10.2015

Financials

Funding Rounds
3
3

Number of Funding Rounds

$60.5M

Money Raised

Their latest funding was raised on 24.12.2010. Their latest round Series E

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Co-Investors
Investors
9
4

Number of lead investors

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Number of investors

Investor 
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Series C, Series D
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Series C
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Acquisitions
1
Acquiree Name 
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Price 
Acquisition Name 
Cultiva acquired by Novariant

Cultiva acquired by Novariant

acquirer

Novariant
Novariant

date

26.08.2005

type

Acquisition
Cultiva

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Sector

Food Producers

Subsector

Farming

Location

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total rounds

6

total raised

$10.72M

People

Founders
1
Lars Leckie
Lars Leckie

Lars Leckie

current job

Aspenwood Ventures
Aspenwood Ventures

Lars Leckie

Employee Profiles
12

Dennis Connor

VP, Engineering

Seth Halio

Seth Halio

CFO

Jonathan W. Ladd

Special Advisor to the CEO / Novariant Board Member

Prakash Ramachandran

Prakash Ramachandran

CFO

Apurv Bagri

Apurv Bagri

Managing Director

Tammy Carr

Sr. Director Global HR

Activity

Recent News
0