Croptix, a State College, PA-based precision agtech platform for in-field early detection of crop health, held the first close of their $3.5M Series Seed funding.
The round, whose amount was not disclosed, was led by strategic investor and regenerative agriculture leader,Ā Advancing Eco Agriculture (AEA), with continued participation fromĀ 1855 CapitalĀ andĀ Ben Franklin Technology Partners.
The company intends to use the funds to accelerate the development and use of its patented in-field sensing technology.
Co-founded by Dr. Perry Edwards and Dr. Zhiwen Liu, Croptix enables the detection of crop health faster and easier than legacy practices, resulting in improved crop quality and yield providing better financial returns for farmers. Patented in-field sensors, along with AI analytics, proprietary cloud-based data, and mobile app, provide rapid, actionable results for farmers. Its initial solution has been beneficial for citrus growers to identify early indications of Huanglongbing (HLB) citrus greening, one of the most destructive citrus plant diseases in the world.
Croptix is grateful for the ongoing support of early investors 1855 Capital and Ben Franklin Technology Partners of Central and Northern PA as well as the new investor AEA in their ongoing Series Seed round, demonstrating their strong commitment to and confidence in the companyās future success.
FinSMEs
15/06/2023