AgTech Real-Time Ground Testing Startup Stenon Receives $ 20 Million Series A Financing – TechCrunch
Summary
Stenon, an AgTech company with a real-time ground detection solution, has raised a $ 20 million Series A funding round from the Founders Fund, David Friedberg’s The Production Board, and existing investors such as Cherry Ventures and Atlantic Labs. Founded in 2018 in Potsdam, Germany, Stenon’s digital soil data is created without a laboratory, which makes it faster and more efficient, according to the company. According to Stenon, farmers get data to help them make the best growing decisions, increase yield, crop quality and soil health, while also saving significant time and money by eliminating the need for a soil testing laboratory. 7;s mission is to become that Soil data companies in agriculture and eliminate the need for physical laboratories. Without the comprehensive availability of soil data, farmers will not be able to work sustainably and profitably in the future either.
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