Precision AI raises $20 million to reduce the chemical footprint of agriculture
Summary
REGINA, SK, May 4, 2021 /CNW/ - Precision AI, a computer vision and robotics company empowering sustainable farming practices, announced today the closing of $20 million in equity and grant funding. The financing will support the advancement of a disruptive precision farming platform that deploys swarms of artificially intelligent drones to dramatically reduce herbicide use in row crop agriculture. Ultimately, the companys vision is to deploy hives of intelligent drones that will automate the crop protection process throughout the entire growing season, optimizing every square inch of farmland on a per-plant basis. Not only can it minimize toxic runoff to protect waterways and downstream ecology, but also reduce farmers operating costs and increase their revenue with a zero-chemical residue label," said Laurie Menoud, Partner at At One Ventures and member of the Board of Directors. Its innovative application of precision spraying not only prevents the overuse of herbicides but reduces operating costs for farmers and delivers improved and sustainable crop protection practices.