L5 Automation

Robots Picking Strawberries. Seriously. Hand-eye Coordination Software to transform the world.

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Security Type
Technology, Agriculture, Community & Lifestyle, Financial Services
Min Investment
La Caada Flintridge, CA
Expected Close Date
April 29, 2024
Target Raise
No. Investors
Security Price
Number of Employees
Short Term Debt
Cost of Goods
Long Term Debt
Net Income

Key Deal Facts

We are picking strawberries out at REAL farms and have been paid to do it, starting this last season
We are generating cash TODAY, with >$430k year to date in grants and services. $850k target for 2024
Repeat Founder - Previously co-founded Astrobotic, company to launch to the Moon this Christmas
Over $1.5 million raised, including from our client/partner GoodFarms (Strawberry Grower)
“Harvesting as a Service” Tech is patent pending, w/ backing from the National Science Foundation
Incredible team with deep experience in tech startups, robotics development and software engineering
Top notch advisors and investors with expertise in tech, agriculture, and legal
Technology will go way beyond farming, solving problems that have previously resisted automation

Management Team / Advisory Board Bios

Alexander Gutierrez Founder & CEOGraduate of Carnegie Mellon’s Robotics Institute, Alex is a serial founder and family man. Prior to L5 Automation, he co-founded space company Astrobotic, raced robots for DARPA's Grand Challenge, and oversaw technology development for Lockheed Martin., Dan Schneider Software Engineering DirectorDan has extensive experience with software systems development, successfully delivering complex, embedded, real-time and safety critical systems. He led ground breaking research resulting in peer review and publication. M.S. in Comp Sci from Stanford., Edward Terry Robotics Research EngineerA versatile engineer with a specialization in deploying object detection systems on mobile robots in unstructured environments. Ed worked at NASA JPL and KEF Robotics after graduating from Carnegie Mellon's Robotics Institute in 2018., Bernardo Rocamora, Jr. Robotics Research EngineerPh.D. candidate in Robotics at West Virginia Univ. with a background in mechanical engineering. Bernardo worked as the manipulation lead, and system integration and autonomy co-lead for the WVU Robotics team in the NASA Space Robotics Challenge Phase-2., Zoe Dina Harris Operations ManagerZoe has been earning her degree at Pasadena City College while leading L5's field operations on various farms in Southern California. She also helped run our blueberry engagement with AgroVision in Peru and is our resident metal machinist., Sarah LozanoAssociate Software EngineerStarting as a part time Software Intern, Sara now works as a full time engineer at L5 and helps bring the robotic iterations to life while taking college classes part-time., Xiaoyu ZhengCFOCFA holder and Portfolio Manager at Guggenheim Partners where he oversees quantitative multi-asset institutional strategies. He has over 15 years of experience in various roles in asset management in global macro research and quantitative analysis., Edward Lopez AdvisorA graduate at Harvard Law, Ed has been General Counsel at multiple public tech startups. A strategic adviser and counselor to tech companies across the gamut of substantive legal and business matters impacting their businesses., Derek ParhamAdvisor Founding Engineer for Google Apps, a CTO, a startup-advisor and a technology advocate, Derek has been an early supporter, investor and advisor to L5 Automation., Farmhand Ventures AdvisorConnie Bowen is the founding General Partner at Farmhand Ventures. She's an experienced AgriFoodTech venture investor previously with The Yield Lab and AgLaunch, and thought-leader, writing for outlets including Forbes and AgFunder News.
Amount Raised : $598,002
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Security Description

A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.

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