Deep Agro raises USD$2 million to expand in Brazil
Summary
in February of next year, leveraging its intelligent system designed to minimize the use of, the company also plans to explore newThe five friends who founded the startup: , all from theto improve the efficiency ofAdditionally, this month, they will launch their in the neighboring country as part of a new phase with part of the team. Deep Agro won the in 2020 for its innovative artificial intelligence solution.The financing round was led by and the participation of prominent funds such as , the investment arm of BYMA, Innventure, an investment fund of the Aapresid network, and Pampa Start, an AgTech fund, among others.emphasized that Artificial Intelligence is transforming all industries, including agriculture, which is expected to experience significant growth in theWith the recent investment, Deep Agro aims to position itself as one of the leading companies in AI applied to agriculture worldwide.The startups technology uses cameras on the spray boom to distinguish between crops and weeds, achieving a margin of error of 4% and an 80% savings in chemical products.They highlighted that their technology has a triple impact by reducing the use of chemical products by 70% and decreasing environmental impact by 45%.With a first product of selective application that allows it to operate within crops and apply herbicides only on weeds. This will reduce the chemical product used by between . In this way, savings of between caused by these applications, they emphasized.As part of their goals, the company, which emerged amid the economic crisis in Argentina, aims to reduce investment in agricultural inputs.They assert they are optimistic about the companys growth next year, projecting greater competitiveness and efficiency.