It was a tumultuous year for the agtech sector, with a string of once-promising startups declaring bankruptcy or downsizing in the face of a tough economic environment.

Investors gravitated toward more established startups amid market uncertainty, with biostimulant maker Sound Agriculture raising $25 million in venture funding and Carbon Robotics nabbing $70 million for its laser-powered, weed-killing robot.

An interest in mature startups came at the expense of still-emerging companies. Early-stage investments declined 33.7% year over year, Pitchbook said, particularly in pre-seed and seed deals.

Read more in Agriculture Dive here.

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