What are the top AgriTech startups by revenue today?

The ranking of top startups in the AgriTech market by revenue

Below is a table ranking all the companies in this market by their current revenue scale. You can find our methodology at the end of this page.

If you want a deeper understanding of the market and its current dynamics, get our report covering the AgriTech Market.

What are the top AgriTech startups by revenue today?

Carbon Robotics is currently the clearest revenue leader among modern private AgriTech startups, while Halter looks like the closest challenger but still lacks a clean consolidated revenue figure.

The gap after those two is surprisingly large. Carbon Robotics now says it generates more than $100 million in annual revenue. Halter's New Zealand business reported NZ$98.1 million over nine months through December 2025, although roughly half came from services supplied to Halter's U.S. operation. Monarch Tractor's latest confirmed annual figure is $22 million for 2024, while Nofence reported $19 million for the same year.

Several companies that look big operationally cannot be ranked cleanly. Ecorobotix has sold 1,000 ARA sprayers. xFarm Technologies reports more than 600,000 farms and 14 million digitized hectares. FarmDroid has more than 500 robots operating across 26 countries. Those figures show real commercial adoption, but turning them into revenue would require assumptions we cannot defend.

This produces a very different picture from the broad agricultural technology industry. Syngenta, Nutrien, Bayer, Corteva and Deere operate at multibillion-dollar scale, but these are mature agricultural corporations rather than startups. For the startup market people usually mean when they search for "top AgriTech startups," Carbon currently stands out.

Current position	Company	Best revenue evidence	What we can actually conclude
1	Carbon Robotics	>$100M annual revenue	Clearest current startup leader
2	Halter	NZ$98.1M NZ-subsidiary revenue over 9 months	Very large, but not clean group revenue
3	Monarch Tractor	$22M annual revenue in 2024	Confirmed result; later forecasts were much higher
4	Nofence	$19M annual revenue in 2024	Direct disclosure, with strong growth
5	Source.ag	~$13M external estimate	Useful directional evidence, but weak for precise ranking
6	Saga Robotics	~NOK35M group turnover in 2025	Small base, with management targeting much faster growth
Unranked	Ecorobotix	1,000 ARA sprayers sold	Revenue undisclosed
Unranked	xFarm Technologies	600,000+ farms	Revenue undisclosed
Unranked	FarmDroid	500+ robots operating	Revenue undisclosed
Unranked	Inari	Commercial-ready soybean design	Revenue undisclosed
Unranked	Tropic	Commercial banana launch	Revenue undisclosed

Is Carbon Robotics really the highest-revenue AgriTech startup right now?

Yes. Carbon Robotics has the strongest recent company-level revenue disclosure we found among venture-backed AgriTech startups.

Carbon's own website currently describes the company as generating more than $100 million in annual revenue, operating in 15 countries and manufacturing in both the United States and Europe. Founder Paul Mikesell also told AgFunderNews recently that the company had passed the $100 million revenue mark over the latest twelve-month period.

That second confirmation is useful because Carbon is moving quickly. The company has expanded beyond LaserWeeder into tractor autonomy, and Mikesell says another agricultural machine is being developed. Carbon increasingly looks like a broader agricultural robotics company rather than a startup whose scale depends on one early product.

We found no competing private AgriTech company with a larger, cleaner and equally current revenue disclosure. Halter could be close economically, but its available financial data still mixes geography and intercompany activity.

How much revenue does Carbon Robotics make?

Carbon Robotics currently generates more than $100 million in annual revenue, making nine-figure sales a demonstrated result rather than a future target.

That is unusually high for a company founded in 2018. Carbon built the business around LaserWeeder, which uses cameras, AI and lasers to identify and destroy weeds without spraying herbicides across the entire field. The product gives growers a fairly simple economic calculation: compare the machine with labor and weed-control costs they already pay.

Carbon is now pushing beyond weeding. Its tractor-autonomy platform turns existing farm machinery into remotely supervised autonomous equipment, and the company has started building an ecosystem around that technology.

The scale is recent enough to be useful. AgFunderNews reported that Carbon had passed the nine-figure mark while discussing an eventual IPO. So we have both a current company disclosure and a recent founder interview pointing to the same revenue tier.

How big is Halter now?

Halter has become one of the biggest private AgriTech companies in the world, serving roughly 3,500 farms and ranches while managing about 1.5 million cattle collars.

The financial evidence is substantial too, although harder to compare. Farmers Weekly reported that Halter's New Zealand arm generated NZ$98.1 million over the nine months through December 2025, up from NZ$71 million during the previous 12-month reporting period.

About half of that NZ$98.1 million came from subscription and installment revenue. The rest largely came from services performed for Halter USA. That corporate structure prevents us from treating the entire amount as ordinary consolidated customer revenue.

The operating trajectory is even more striking. When Halter announced its $220 million Series E earlier in 2026, it reported more than 2,000 farms and one million collars. The latest figures are around 3,500 farms and 1.5 million collars. Whatever the exact group revenue number turns out to be, Halter is operating near the top of private AgriTech.

Has Halter already overtaken Carbon Robotics in revenue?

We cannot say that Halter has overtaken Carbon Robotics because the two companies currently publish different kinds of financial evidence.

Carbon gives us a clean annual company revenue figure. Halter's NZ$98.1 million covers nine months of its New Zealand entity and includes material intercompany services for the U.S. business.

Halter could be larger than that subsidiary figure makes it look. Its global business now spans New Zealand, Australia and the United States, and its customer base has expanded sharply. But estimating consolidated revenue by adding assumptions around subscriptions, collar counts or U.S. activity would create a number the company never reported.

Halter's operating footprint makes it the strongest challenger we found. Carbon still takes first place because its revenue evidence is much cleaner.

How much revenue does Monarch Tractor make?

Monarch Tractor's latest confirmed annual revenue is $22 million for 2024, and the company's previous growth forecasts turned out to be far more aggressive than the eventual result.

This is one of the more interesting cases in the ranking. Forbes reported in 2024 that Monarch had generated $37 million in 2023 and expected roughly $112 million the following year. A later Forbes profile said Monarch actually booked $22 million in 2024 and expected revenue to rise three to five times from there.

The sequence is a good reminder not to carry old forecasts forward as if they became real. Monarch was targeting explosive growth, but farm-equipment demand, capital intensity and production constraints made the path much less smooth.

The company still has a meaningful commercial business. Revenue has moved well beyond the roughly $5 million level reported in 2021, and Monarch combines tractor sales with software subscriptions. For ranking purposes, though, $22 million is the latest achieved annual number we can defend.

Did Monarch Tractor ever reach $100 million in revenue?

There is still no solid public evidence that Monarch Tractor has reached $100 million in annual revenue.

The figure appeared as a management target. Forbes reported that CEO Praveen Penmetsa expected 2025 revenue to increase three to five times from $22 million, which would have put Monarch above $66 million and potentially beyond $100 million.

A similar pattern had already happened before. Monarch previously expected much stronger growth than it ultimately reported. That makes the latest $100 million target interesting, but too uncertain to use as recognized revenue.

Treating the forecast as an achieved result would make Monarch look close to Carbon. Using actual disclosed revenue leaves a large distance between them.

How much revenue does Nofence make?

Nofence generated $19 million in 2024 revenue, up almost 70% in one year, and the business has continued expanding since then.

The figure comes directly from Nofence. Growth was spread across Norway, the United Kingdom, Ireland, Spain and the United States rather than being driven by one launch market.

Nofence has since crossed 10,000 customers globally and more than 20 million grazing days. Those newer operating metrics suggest the $19 million historical figure is increasingly conservative as a description of the company's current size.

We still leave it at $19 million in a revenue ranking. Customer growth tells us Nofence is larger today; it does not tell us exactly how much revenue the company now recognizes.

Is Nofence now bigger than Monarch Tractor?

Nofence could have overtaken Monarch Tractor, but the latest comparable annual revenue figures are too old to prove it.

The two companies were already close in 2024: $22 million for Monarch versus $19 million for Nofence. Nofence was growing almost 70% at the time and has since passed 10,000 customers.

Monarch was also expecting much faster growth, although its earlier forecasts are a reason to be careful with management targets.

A new annual result from either company could flip the order easily. For now, Monarch stays narrowly ahead because $22 million is still the larger confirmed figure.

How much revenue does Source.ag make?

Source.ag looks like a low-eight-figure AgriTech software company, but its actual revenue remains much less transparent than Carbon, Nofence or Monarch.

The best financial number in our research is an external estimate of roughly $13 million for 2025. We treat that figure with low confidence because Source.ag itself does not publish annual revenue.

Its commercial footprint is easier to verify. Source.ag says its AI technology is deployed across more than 300 commercial greenhouses covering thousands of hectares, with growers using the software to support food production for tens of millions of people. The company raised another $17.5 million in late 2025, taking total funding above $60 million.

Source.ag is clearly a serious commercial company. We simply have much stronger evidence for its deployment and funding than for its exact sales.

How much revenue does Saga Robotics make?

Saga Robotics generated around NOK35 million of group revenue in 2025, according to management, with the company targeting roughly NOK120 million for the current year.

The accounting is slightly unusual. Finansavisen reported that the Norwegian parent generated NOK71 million, while CEO Anne Dingstad's team explained that consolidated group revenue including the U.S. operation was closer to NOK35 million because of revenue-recognition timing.

That lower consolidated number is the more useful one for our ranking.

Saga is now gaining traction with its Thorvald agricultural robots in vineyards and berry production, particularly in the United States. If the business gets close to management's NOK120 million target, its revenue would more than triple in a year. We will use that number only after it becomes an actual result.

How big is Ecorobotix if it does not disclose revenue?

Ecorobotix is already one of the more commercially mature agricultural robotics startups, with 1,000 ARA precision sprayers sold worldwide.

The milestone was announced in March 2026 and covers roughly five years of deployments across Europe, North America and Australia. Ecorobotix is also increasing manufacturing capacity as it expands internationally.

One thousand machines is enough to establish that ARA has moved far beyond pilot deployments. We still cannot turn those machines into annual revenue. Equipment prices vary, distributor economics differ by market, and the installations span several years.

Ecorobotix therefore belongs near the top of any AgriTech robotics discussion even though it stays outside our numerical revenue ranking.

How big is xFarm Technologies today?

xFarm Technologies has reached more than 600,000 farms and 14 million digitized hectares, making it one of the largest farm-software platforms by reported reach.

The company also reports more than 12,000 connected machines, more than 12,000 connected sensors and support for hundreds of crop types.

Those figures sound enormous next to the customer counts of many enterprise software companies, but the monetization model makes direct comparisons difficult. Some farms use the platform through large agricultural groups, input companies, machinery partners or supply-chain programs rather than paying a simple individual subscription.

We do not multiply farms by an assumed price. xFarm could already be one of the larger software businesses in AgriTech, but no public revenue figure lets us place it confidently beside the hardware companies.

How big is FarmDroid today?

FarmDroid now has more than 500 autonomous robots operating across 26 countries, giving it one of the largest deployed fleets in agricultural field robotics.

The company first announced the 500-robot milestone in 2024. Its latest 2026 material still reports more than 500 machines in operation and more than 500 customers worldwide.

Usage is also increasing. FarmDroid reported more than 208,000 fleet operating hours by early September 2025, and its current product line is expanding beyond the original FD20 with the larger FD60.

This looks like a proven commercial product rather than a demonstration fleet. FarmDroid still does not publish enough financial information for us to assign an annual revenue number.

Which AgriTech startups currently make more than $100 million in annual revenue?

Carbon Robotics is the only modern private AgriTech startup in our research with a clean current disclosure confirming annual revenue above $100 million.

Halter may operate around a similar economic scale, but its published financial figure covers a subsidiary and contains substantial intercompany revenue. Monarch discussed the possibility of reaching the threshold but has not subsequently published evidence showing that it did.

The scarcity is telling. AgriTech has created several billion-dollar private valuations and companies with very large installed bases, yet clean nine-figure revenue disclosures remain rare.

Crossing $100 million separates Carbon from most of the venture-backed market much more clearly than fundraising totals do.

Which AgriTech startups have at least $10 million in revenue?

Carbon Robotics, Halter's New Zealand entity, Monarch Tractor and Nofence all have public financial evidence comfortably above $10 million, while Source.ag probably belongs in the group based on a weaker external estimate.

After that, the evidence becomes patchy. Saga Robotics is below the threshold on its latest confirmed consolidated figure. Ecorobotix, xFarm and FarmDroid could potentially qualify, but none publishes enough revenue information to prove it.

Reaching eight-figure revenue remains a meaningful milestone in private AgriTech. A surprisingly large share of prominent companies still disclose deployment, acreage, users or funding instead.

Company	Best financial evidence	Above $10M?	Evidence quality
Carbon Robotics	Company-disclosed annual revenue	Yes	High
Halter	NZ subsidiary revenue	Yes	Medium
Monarch Tractor	2024 annual revenue	Yes	Medium
Nofence	2024 annual revenue	Yes	High
Source.ag	External revenue estimate	Probably	Low
Saga Robotics	2025 consolidated turnover	No	Medium
Ecorobotix	Revenue undisclosed	Unknown	—
xFarm Technologies	Revenue undisclosed	Unknown	—
FarmDroid	Revenue undisclosed	Unknown	—

Are farm-robotics startups making more money than AgriTech software startups?

The strongest disclosed startup revenues currently come from physical automation rather than pure farm-management software.

Carbon leads the private startup group. Monarch has built tens of millions of dollars of tractor revenue. Halter and Nofence combine physical livestock devices with recurring software. Ecorobotix and FarmDroid also show substantial machine deployment even though their revenue stays private.

Source.ag and xFarm show a different profile. Both have broad software adoption, but the available revenue evidence is either estimated or undisclosed.

There is a simple economic reason this can happen. A robotics company can recognize tens or hundreds of thousands of dollars from one machine sale, while software might generate a much smaller annual amount per customer. Hardware revenue comes with manufacturing and working-capital costs, so higher sales do not automatically mean a better business.

For this ranking, though, top-line dollars are what count. Physical AgriTech currently has the stronger public record.

Are livestock-tech startups becoming some of the biggest AgriTech startups?

Yes. Halter and Nofence now put livestock technology near the top of the private AgriTech market by commercial scale.

Halter serves about 3,500 farms and ranches globally. Nofence has passed 10,000 customers. Both companies sell technology that replaces or reduces a very old farm expense: physical fencing and the labor involved in managing livestock movement.

Their recurring model also makes the category different from a one-off machinery sale. Halter's financial reporting shows subscription and installment revenue as a major component of the business, while Nofence sells connected collars and the digital system needed to manage them.

Virtual fencing has moved well beyond the experimental stage. The open question now is how much of that adoption converts into recurring group revenue as U.S. expansion accelerates.

Can gene-editing AgriTech startups already compete on revenue?

Gene-editing AgriTech startups are becoming commercially relevant, but their public revenue disclosures still lag far behind their funding and technology milestones.

Tropic provides the clearest recent example. The company commercially launched new banana varieties in 2025 and later raised $105 million to expand production. Tropic says demand for its non-browning and longer-shelf-life bananas already exceeds supply.

Inari is further along than a pure research company too. Its first commercial-ready high-yield soybean design has been tested across U.S. growing regions, and the company is working with seed partners on commercialization.

Neither company currently provides a revenue figure strong enough for this ranking.

That could change quickly once seed royalties, licensing arrangements or product sales become visible. Today, agricultural gene editing is much easier to rank by commercialization progress than by revenue.

Why are famous AgriTech startups missing from the revenue ranking?

Several major AgriTech startups disappear from the numerical ranking because they publish strong adoption metrics without publishing sales.

xFarm has hundreds of thousands of farms. Ecorobotix has 1,000 sprayers. FarmDroid has more than 500 robots. Inari has a commercial-ready soybean design. Tropic has bananas already in the market.

Those metrics are useful and sometimes more informative than a weak revenue estimate. They still measure different things.

We could create cleaner-looking numbers by multiplying machines by list prices, users by subscriptions or hectares by estimated fees. That would make the table look more complete while making the research worse.

We leave those companies unranked until better financial evidence appears.

Does fundraising tell us which AgriTech startups are actually biggest?

No. Funding tells us how much capital investors are willing to put behind the future of an AgriTech company, while revenue tells us how much customers are buying today.

Halter recently raised $220 million at a $2 billion valuation. Inari has raised more than $700 million in cumulative equity. Tropic just raised $105 million. Source.ag has collected more than $60 million.

Those companies sit at very different points in commercialization.

Carbon's position in this article comes from customer revenue rather than the amount of venture capital it raised. Nofence also looks stronger on commercial evidence than its fundraising total alone would suggest.

This is especially important in AgriTech because hardware, biotech and software need radically different amounts of capital. A gene-editing company can require hundreds of millions before meaningful product revenue appears, while a software company can reach significant recurring sales with much less funding.

Which kinds of AgriTech startups are making the most money right now?

Robotics, autonomous machinery and livestock automation currently dominate the strongest private-company revenue disclosures we found.

The common thread is simple: these companies sell against large farm expenses that already exist.

Carbon competes with weed-control labor and chemicals. Monarch competes in the tractor and farm-machinery budget. Halter and Nofence attack fencing and livestock-management costs. Ecorobotix reduces chemical use through plant-level precision spraying.

Farmers therefore have a concrete number to compare with the technology's price.

Software platforms can create large value too, but monetization is less visible in the public data. Agricultural biotech has an even longer commercialization cycle because product development, field testing and regulatory work often come before meaningful revenue.

The current revenue leaderboard favors companies selling expensive technology into an existing farm budget rather than companies asking farmers to create a completely new one.

Could this AgriTech startup ranking change quickly?

Yes. The ranking below Carbon Robotics is still fluid enough that a few new financial disclosures could change most of it.

Halter is the obvious one. Its farm count and collar base have grown dramatically, but we still lack clean consolidated revenue. One group-level financial statement could settle whether Halter is already operating in the same revenue tier as Carbon.

Monarch is another. The company has repeatedly targeted growth well above its last confirmed result. A new audited or directly disclosed annual number would tell us whether that expected production ramp finally happened.

Ecorobotix and xFarm are harder to place. Both have operating footprints large enough to matter, yet neither gives us a usable revenue denominator.

Saga Robotics could also move up from a much smaller base if management reaches its current turnover target.

For now, Carbon has the clearest lead. The uncertainty starts immediately behind it.