Ecorobotix, a Yverdon-les-Bains, Switzerland-based manufacturer of ARA, an AI powered plant-by-plant recognition and precision spraying system, raised $52M in funding.
The round was led by AQTON Private Equity and Cibus Capital, with additional investments from Swisscanto Invest/Swisscanto Growth Fund I, Yara Growth Ventures, Flexstone Partners, and from existing investors including Swisscom Ventures, BASF Venture Capital, 4FOX Ventures, and Verve Ventures.
The company intends to use the funds to accelerate its geographic expansion across new and existing markets and accelerate new product development.
Led by CEO Simon Aspinall, Ecorobotix is a Certified B Corporation company that works in agriculture to respect the environment by reducing the use of chemical/energy substances and the impact on the soil. Developed ARA, a plant-by-plant data solution and precision crop treatment, reduces the use of herbicides, pesticides, growth treatments and liquid fertilizers while increasing yields or more and reducing CO2 emissions. Using AI technology and its precision spraying system, ARA can recognize individual plants, classify them in real-time, and spray weeds without affecting the surrounding crops or soil.
The company has customers in 15 European markets.
FinSMEs
11/05/2023