Proveye, a Dublin, Ireland-based provider of a remote sensing image analysis solution for agriculture, raised €1M in Seed funding.
The round was led by Inspire Investments, and Enterprise Ireland.
The company intends to use the funds to grow its customer base, and capitalise on its proven technology to develop further solutions across grassland, arable crops, and into more specialist areas of UAV image processing.
Founded by Jerome O’Connell and Professor Nick Holden, UCD School of Biosystems and Food Engineering, Proveye Proveye provides an intelligent enterprise SaaS platform combining image processing for multiple remote sensing sources with Artificial Intelligence (AI) and machine learning to enhance and compile selected image types into a single view, correcting for weather conditions, sunlight, and a range of other factors which usually make it difficult to isolate clear information to inform decisions on the ground. It is used by agricultural advisors, fertiliser and pesticide suppliers and food processors to provide fast and accurate information about productivity and sustainability on agricultural land to their farmer customers. It is used by agricultural advisors, fertiliser and pesticide suppliers and food processors to provide fast and accurate information about productivity and sustainability on agricultural land to their farmer customers.
Proveye is a University College Dublin (UCD) spin-out company headquartered at NovaUCD in Dublin.
FinSMEs
25/01/2023