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 crop protection solution


Enko Chem raises $45 million to develop crop protection solutions with AI

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Enko Chem, which harnesses machine learning to help farmers sustainably protect their crops from pests and disease, has raised $45 million. Founder and CEO Jacqueline Heard said the funds will be used to expand the Boston-based startup's technology platform and ready its pipeline of crop protection solutions for field testing and regulatory trials. Enko also plans to continue pursuing studies and collaborations with industry partners as part of its broader mission. Protecting crops from pests is no easy feat. A recent study showed that worldwide, over 600 species of insects and fungi have developed a level of pesticide resistance, threatening losses in yield of between 10.1% and 40.9% for crops like rice, corn, potatoes, and soybeans. In the U.S. alone, insecticides are used to protect crops on approximately 45 million acres, and it's estimated yields would decrease by 40% to 50% without treatment.