Zimeno Inc., doing business as Monarch Tractor, is a Livermore, California-based agricultural technology company that designs and builds smart, fully electric, driver-optional tractors and an accompanying farm-management software platform. Founded in 2018 by Praveen Penmetsa, Mark Schwager, Carlo Mondavi, and Zachary Omohundro, the company commercialized the MK-V tractor aimed at vineyards, orchards, dairies, and specialty-crop operations, combining battery-electric drivetrains with autonomy, computer vision, and data analytics. Monarch raised more than $240 million across seed, Series A, Series B, and a $133 million Series C led by Astanor Ventures and the Foxconn Co-GP Fund in 2024, with strategic investors including CNH Industrial, Trimble Ventures, At One Ventures, and Foxconn. In 2025 the company entered a severe financial crisis, conducting multiple rounds of layoffs, losing its Foxconn manufacturing partnership, facing dealer lawsuits, and pivoting away from hardware toward a licensing/SaaS model. In early 2026 Monarch entered an assignment for the benefit of creditors, and in April 2026 its assets and core autonomous technology were acquired by Caterpillar Inc.
Zimeno Inc ddddd has been acquired
This company is no longer available on our private secondary market.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2018
Employees
201–500
Total Funding
$978M
5 rounds
Latest Valuation
$0.15B
July 22, 2024
Total raised $978M across 5 rounds
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Last updated 06-25-2026
Latest Round
Type
Series B
Date
November 17, 2021
Amount
$61M
Valuation
$0.15B
Lead Investors
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| July 22, 2024 | Series C | $133M | — | Astanor, HH-CTBC Partnership L.P. |
| November 4, 2022 | Grant | $54M | — | California Energy Commission |
| November 17, 2021 | Series B | $61M | $0.15B | Astanor Ventures |
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Valuation indexed to 1.0× at the selected entry round. Valuation marks are estimates and may contain errors. Hover each dot to compare.
Entry · Seed
$11B
Jan 2020
Zimeno Inc ddddd today
$0.1B
Nov 2021 · latest mark
Zimeno Inc ddddd multiple
0.0x
valuation uplift since first round
Y-axis is logarithmic. Hollow dots = estimated valuations. Does not represent realized investor returns.
Praveen Penmetsa
Co-Founder & CEO
Mark Schwager
Co-Founder & President (departed)
Zachary Omohundro
Co-Founder & Chief Technology Officer
Carlo Mondavi
Co-Founder & Chief Farming Officer
Daniel Ogburn
Chief Legal and Business Affairs Officer
Competitor list is illustrative and may be incomplete, stale, or erroneous.
John Deere
Global agricultural equipment leader developing the See & Spray autonomy stack and 9RX/5ML autonomous tractors, directly competing in autonomy and electrification.
Solectrac
California-based maker of all-electric compact and utility tractors targeting vineyards, orchards, and small farms; owned by Ideanomics.
Bluewhite
Israeli autonomy retrofit company that converts existing tractors into self-driving machines for orchards and vineyards.
Sabanto
U.S. startup providing autonomy kits and farming-as-a-service for retrofitted conventional tractors.
CNH Industrial
Global ag-equipment OEM (Case IH, New Holland) pursuing electrification and autonomy; previously a strategic investor and licensee of Monarch's platform.
AGCO (Fendt)
European ag-equipment OEM developing electric and autonomous tractor platforms through brands like Fendt.
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