Protix farms insects predominantly for animal and aquaculture feed, and has cracked the scalability challenge, according to new investors.
The round was led by angel investors and included Brain Robotics Capital, a fund focused on AI, robotics, and IoT.
Abundant will use the proceeds to commercialize its first product, aimed at reducing the $200 billion orchard farming industry’s reliance on seasonal labor.
Air seeding technology brought new scale and efficiencies to farming when it was first introduced, but there are several drawbacks, according to Graeme Lempriere, CEO of Clean Seed.
Further M&A activity from large agribusinesses like Jain is essential so we caught up with Observant to find out what pieces of advice the cofounder would give to farm-based agritech startups hoping to turn their businesses into acquirable companies.
A bumper week of fundings as we catch up from the holidays offer a diverse look at the types of startups innovating in the food and ag space today.
Prospera, a startup using computer vision, data science, and machine learning to monitor and analyze crops, has raised $7 million in a Series A funding round led by a leading Israeli VC.