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 ecorobotix


AI-Based Sustainable Farming Tech Startup ecoRobotix Raises $14.7 Million

#artificialintelligence

Verve Ventures and Swisscom Ventures co-led the investment round and featured further support from ecoRobotix's previous investors, such as CapAgro, 4FO Ventures, and BASF Venture Capital. The ARA was developed in Y-parc, Yverdon-les-Bains, with the use of the state-of-the-art resources of Y-Start, an incubator for innovative new technologies. Lightweight and low cost, the ARA provides a more efficient plant-protection system for food producers than the current methods of weed spraying, using high speed cameras and machine learning to selectively spray weeds with a small dose of herbicide, accurate to areas as small as 3 8 cm. "ecoRobotix solutions not only assist producers in reducing their use of plant protection products by up to 95%, but also in lowering their operating costs. This enables the production of high-quality crops and non-contaminated food at affordable prices. Our health matters, from field to fork!" said Dominique Megret, Head of Swisscom Ventures.


The robot killer than can take out weeds with a single jet blast of chemical

Daily Mail - Science & tech

In a field of sugar beet in Switzerland, a solar-powered robot that looks like a table on wheels scans the rows of crops with its camera, identifies weeds and zaps them with jets of blue liquid from its mechanical tentacles. Undergoing final tests before the liquid is replaced with weedkiller, the Swiss robot is one of new breed of AI weeders that investors say could disrupt the $100billion pesticides and seeds industry by reducing the need for universal herbicides and the genetically modified (GM) crops that tolerate them. Dominated by companies such as Bayer, DowDuPont, BASF and Syngenta, the industry is bracing for the impact of digital agricultural technology and some firms are already adapting their business models. Herbicide sales are worth $26billion a year and account for 46 percent of pesticides revenue overall while 90 percent of GM seeds have some herbicide tolerance built in, according to market researcher Phillips McDougall. 'Some of the profit pools that are now in the hands of the big agrochemical companies will shift, partly to the farmer and partly to the equipment manufacturers,' said Cedric Lecamp, who runs the $1billion Pictet-Nutrition fund that invests in companies along the food supply chain.