Agxio secures £750k investment funding
Summary
Aberystwyth-based Agxio has completed a £750,000 equity investment round to support the development of advanced data science and AI solutions in agri-tech and agri-fintech. It enables farmers, researchers and policymakers to harness and safely share data, models and best practice to deliver sustainable, in-season precision agriculture for both traditional and non-traditional farming solutions. We aim to bridge both of those skills to create innovation in the food supply chain both domestically and internationally.” Andrew Critchley, Investment Executive for the Development Bank added: “Agxio is an innovative technology business at the forefront of the agri-tech sector. The combination of cutting edge technology and a highly experienced management team means that the business has an exciting future ahead. “The Development Bank’s equity investment from the Wales Technology Seed Fund will give them the potential to harvest the vast benefits that machine learning and data science can bring.”