EdenCore secures a €400,000 investment to advance artificial intelligence development in the agricultural sector - UniFund
Summary
EdenCore, a pioneering agri-tech company, announces a 400,000 investment from Uni.Fund II, which will be used for further development of artificial intelligence solutions in agriculture and their entry into the European market. This investment strengthens EdenCores mission to help producers combat crop diseases and reduce the cost of fertilizers and pesticides.EdenCore was founded in 2021 as a spin-off of the Agricultural University of Athens by Ph.D. candidate Nikos Mylonas and Professor Spyros Fountas, with a vision to develop a product that facilitates farmers daily work while simultaneously reducing waste in the use of agricultural supplies and labor hours. With the Viewer, we aim to help producers lower costs and mitigate cultivation risks by providing a tool for oversight and smart management of production. With its use, producers can reduce annual pesticide and fertilizer use by up to 25%, while its production forecasting models provide an estimate of final yield with over 90% accuracy, even three months before harvest.The company already has a network of representatives in Greece and abroad, in markets such as Germany, Spain, France, and Chile. Additionally, it is completing its second year of collaboration with the American company John Deere, where they are developing an integrated vines monitoring solution using the Viewer on modern tractors.Dora Trachana, Partner at Uni.Fund VC, commented on the investment: Our investment in EdenCore sends a clear message about the importance of precision agriculture and the critical role of technology in transforming the primary sector.