Greek agtech startup Augmenta raises €2.3 million seed round for its tractor-camera that scans and analyses crops | EU-Startups
Summary
A lot of companies have tried to solve this problem in the past, most of which created services around aerial imagery taken from satellites, planes or drones. Augmenta has now raised €2.3 million in a seed financing round led by San Francisco-based Hardware Club and Athens-based Marathon Venture Capital. By utilising instantaneous image processing and AI, the system decides on the amount of farm inputs (such as fertilizers) every inch of the field actually needs and immediately applies it by controlling the rate of sprayer/spreader application, through various machinery communication protocols. “The Augmenta team is ecstatic to see their hard work manifested in actual, boots-on-the-ground results, making the lives of farmers around the world easier and more profitable,” said George Varvarelis, co-founder & CEO. We call it Augmented Agriculture and it is already making a difference.” “Augmenta combines extensive farming expertise and serious technical talent applied to real-world challenges,” said Aymerik Renard, general partner at Hardware Club.
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