Source.ag has make out its Series A annexe funding . The additional financial support of $ 4 M was part between SK networks , made through its US investment tummy Hico Capital , and subsist investor MIT - affiliated E14 fund , bringing the total investiture for this turn to $ 27M.
Earlier this year , Source.ag announced it had closed $ 23 million in its Series A support round of golf lead by long - term subsist investor Astanor Ventures , Acre Venture Partners , and several of the Netherlands ' leading greenhouse operators .
By partnering with some of the well cultivator in the humankind , Source.ag is driving dependable , reliable , and clime - resilient food product on a world weighing machine . Greenhouse agriculture is a prove solution to sustainable , local , and climate - resilient food production : it bring out up to 15 metre higher yield without the demand for arable country and uses up to 20 times less water than traditional farming methods .
Source.ag ’s advanced AI engineering empower raiser worldwide to accelerate their emergence and go their facilities more expeditiously , resulting in increase veg production and more sustainable practice session . Source.ag concentrate on the enceinte global fresh vegetable section , such as tomatoes and capsicum pepper plant , with the ambition to ultimately help all fruit and veggie growers .
Source.ag will practice the latest funds to quicken its product development . The company plans to introduce further groundbreaking AI production later this twelvemonth by supporting greenhouse growers with advice on the optimum way to grow their crops . By utilize a digital Twin Falls of a greenhouse facility , Source Cultivate is able to sham works biology and predict expected resourcefulness use and return for all weeks . This groundbreaking engineering is also tailored to specific cultivars , allow husbandman and cultivators to make informed decisions and maximize their crop yields . The raw financial backing will also serve Source.ag expand its AI to defend even more harvest types and husbandry methods .
An official from SK meshwork ’s stated : " Source.ag has solidified its position as a prominent player in the Netherlands , a pioneering res publica in smart farming . As a inauguration with a scalable SaaS model , it holds immense potential for successful enlargement into the global grocery . "
Rien Kamman , CEO and co - beginner of Source.ag : " The global demand for greenhouse agriculture is rising , but its growth is being hindered by the deficit of experient growers and unprecedented economical and climate - base challenges . We are lofty to partner with Dutch master growers to make an AI chopine that will endow growers globally and optimize their crops ' growth in the brusk and farsighted term . We are excited to complete our Series A funding with a terminal $ 4 M investment funds from SK networks made through its US investment funds corporation Hico Capital and the MIT - affiliate E14 fund , and we will continue to use these fund to bring groundbreaking ceremony mathematical product to grocery for raiser globally . "
For more information : Sourcewww.source.ag
