Source.ag, an Amsterdam, Netherland-based artificial intelligence (AI) provider for greenhouse growers, raised $23M in Series A funding.
The round, which brought total funding to $35M in under two years, was led by Astanor Ventures with participation from Acre Ventures Partners.
The company intends to introduce two new AI products that will drive climate-resilient food production by supporting greenhouse growers with advice on the optimal way to grow their crops, and expand its AI.
Founded in 2020 by Rien Kamman (CEO) and Ernst van Bruggen (CPO), Source.ag leverages proprietary algorithms that simulate plant behavior to define and execute optimal cultivation strategies, taking into account millions of data points on climate, biology, and resources. After the commercial launch and implementation of its first product, Source Track, the company will be launching two new products in 2023. Source Cultivate and Source Control will enable growers to simulate full seasons of crop growth, tailored to specific gene and crop varieties, in order to grow their crops in the best way possible. to support even more crop types and farming methods.
FinSMEs
23/02/2023