Agritech platform FarmERP's parent raises Series A from Technogen
Summary
Pune-based Shivrai Technologies, which owns and operates an agriculture ERP (enterprise resource planning) platform FarmERP, has raised an undisclosed amount in the Series-A investment round from Singapore-based software firm Technogen IT Services. It will also be used to enter new markets and geographies to solve the problems agriculture faces in those regions,” Santosh Shinde, co-founder and COO, said in a statement on Monday. FarmERP will employ artificial intelligence, machine learning, computer vision and blockchain technologies to help users mitigate climate risks in agriculture and achieve sustainability, the statement said. Former computer engineers Borkar and Shinde launched the agri-tech platform, then dubbed as Farm Management Software, in 2001. In October, Fasal, an agriculture analytics platform owned by Bengaluru-based Wolkus Technology Solutions, raised $1.6 million in a seed-funding round from new and existing investors.
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