Boundless Robotics
About this raise
Boundless Robotics, with a valuation of $12 million, is raising funds on Wefunder. The company has developed an AI-enabled device for growing cannabis automagically. The device, Annaboto, is capable of growing two ounces of high-quality and pesticide-free cannabis every 90 days and just needs the press of a button and weekly water changes. The device works on artificial intelligence, robotics, and hydroponics and comes with an intuitive and user-friendly mobile app. Carl Palme founded Boundless Robotics in September 2019. The current crowdfunding campaign has a minimum target of $250,000 and a maximum target of $1 million. The campaign proceeds will be used for tooling, inventory, marketing, and working capital.
Investment Overview
Invested : $403,850
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 09/12/2022
- Close Date
- 12/16/2022
$250,000
$1,000,000
$100
SAFE
Seed
RegCF
$10,000,000
$12,000,000
20%
Company & Team
Company
- Year Founded
- 2019
- Industry
- Alcohol, Tobacco, & Recreational Drugs
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- High
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $755,000
- VC Backed?
- Yes
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 12/16/2022 | Wefunder | $12,000,000 | $403,850 | SAFE | Funded | RegCF |
Founder Interview
Boundless Robotics Founder Carl Palme on Judgment-Free Cannabis
Perspectives on cannabis are shifting in the United States. It’s now fully legal in 19 states, and President Biden recently pardoned Americans convicted of simple possession under federal law. But old stigmas die hard, so a lot of users still feel more comfortable growing their own cannabis in private.Boundless Robotics makes growing cannabis at home easy. Requiring only weekly water changes and the push of a button, the company’s artificially intelligent robot, Annaboto, does all the hard work. We reached out to founder and CEO Carl Palme to learn about the company’s regulatory hurdles and other applications for Annaboto.
Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.