Manchester University spinout Fotenix wins funding
Summary
Fotenix, a University of Manchester spinout, has raised a six-figure equity investment from River Capital’s EIS AI fund. The company builds digital twin software and multispectral camera technology for horticultural growers. Its system helps detect crop disease and infestations earlier and supports robotics-enabled monitoring. The team plans to expand across the UK, EMEA, and the USA while helping growers cut costs and improve efficiency.
Funding
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Date
December 12, 2024
Announcement date
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