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Allison Transmission Venture Capital Arm Acquires Stake in AI Firm Agtonomy
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Allison Transmission Venture Capital Arm Acquires Stake in AI Firm Agtonomy
Oct 22, 2024 3:12 PM

05:58 PM EDT, 10/22/2024 (MT Newswires) -- Allison Transmission ( ALSN ) said late Tuesday its venture capital arm, Allison Ventures, acquired a stake in Agtonomy that provides artificial intelligence-enabled automation software for agriculture and land maintenance.

The investment will help Agtonomy improve its productivity and operational efficiency, Allison said.

Financial details of the deal weren't disclosed.

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