AI-Powered Tractor Startup Burns Through a Quarter Billion Dollars, Fires All Employees in Epic Implosion

Monarch Tractor raised over $240 million and was once valued above $500 million before burning most of its funding.

The company laid off all employees late last year and vacated its Livermore headquarters in March while warning it may shut down.

Users and at least one dealership lawsuit reported defective or unsafe autonomous tractors after multi-year testing.

Attorneys on at least one suit stopped representing Monarch, compounding the company’s legal and operational troubles.