ecoRobotix, a Yverdon-Les-Bains, Switzerland-based provider of AI-based ultra-high precision farming solutions, raised USD 14.7m in latest Series C funding.
The round was led by Swisscom Ventures with participation from Verve Ventures and existing investors CapAgro, 4FO Ventures and BASF Venture Capital.
The company intends to use the funds to:
- accelerate the high-volume series production of their ARA plant protection spraying machine;
- drive its European expansion forward,
- expand its R&D efforts to add new crops for treatment, developing autonomous spraying solutions as well as new cloud-based services for clients entailing advanced ICT technologies such as 5G. Swisscom and ecoRobotix will be cooperating in the development of these new cloud-based services and solutions for sustainable agriculture.
Founded in 2014 and led by Claude Juriens, CBO, and Steve Tanner, CTO, ecoRobotix is a provider of AI-based ultra-high precision farming solutions which deploy cameras and advanced machine learning algorithms in its plant protection spraying machine to identify the type and location of weeds in different crops or to identify crops infested with fungus or insects. The machine construction protects beneficial insects such as bees and prevents spray drifting.
FinSMEs
21/06/2021