farming tech startup ecorobotix raise
AI-Based Sustainable Farming Tech Startup ecoRobotix Raises $14.7 Million
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.