Satellite-AI Agricultural Production Prediction Startup Barca Secures Investment from Seedbridge
Summary
Barca, a satellite- and AI-based startup that predicts agricultural production, raised a seed-bridge investment of 400 million won from Octagon Venture Partners and Quantum Ventures Korea. The company uses satellite data and AI to support decision-making for domestic produce trading and overseas agricultural futures trading. Barca says it produced faster and more accurate predictions for U.S. corn and soy production in mid-2023 and has been selected for programs like TIPS and the Seoul Youth Startup Academy. The team plans to commercialize its decision-support services and scale as a deep-tech agri-AI company.
Funding
Amount
$307.7K
Total raised
Date
December 5, 2023
Announcement date
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Lead investors
Company
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Funded company
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