Source.ag , an artificial intelligence service ( AI ) provider for greenhouse growers , has closed $ 23 million in its Series A funding round , bringing the company ’s total funding to $ 35 million in just under two years . The Series A funding rung is led by Astanor Ventures and includes investments from Acre Venture Partners and several of the Netherlands ' greenhouse operators . Growers have co - invested before . Source.ag work with Harvest House and Growers United , among others .
Ernst van Bruggen and Rien Kamman , father of Source.ag . The AI company , founded in 2020 , already levy $ 2 million in 2021 and $ 10 million in 2022 . Meanwhile , the company has 70 the great unwashed . There were 20 at the beginning of 2022 .
New AI productsSource.ag launch its first commercial product in the summer of 2022 . " We will utilize the new funds to stick in two new AI products that will drive secure , reliable , and climate - resilient food production by sustain glasshouse growers with advice on the optimal way to rise their crops , " the party say . " With the global need for nursery agriculture rising , Source.ag will endow cultivator worldwide to accelerate their maturation and operate facilities more efficiently . " By enable more growers to operate more facilities more efficiently through pioneering tech , Source is looking to make nursery agriculture approachable , profitable , and globally scalable
The Dutch company has increase tenfold the number of users of its merchandise in just 12 months , partnering with the grower to help increase vegetable yields in the human face of the growing DOE and mood crises .
accord to the investors , upholding the trillion - dollar bill potential drop of the reinvigorated green goods industry , the newfangled investing will see Source.ag enables growers to control at optimise efficiency using its AI technology to get across and better cultivations . " Source.ag focuses on the largest global refreshful vegetable segments , such as love apple and pepper , with the ambition to at last help all fruit and veg growers . After the successful commercial launch and implementation of our first product , Source Track , we will be launching two novel products in 2023 : Source Cultivate and Source Control will enable agriculturist to simulate full season of crop growth sew to specific gene and craw sort for grow their crop in the best way potential . "
The raw funding will also help Source.ag thrive its AI to support even more craw types and farming methods .
Rien Kamman , Paul Grootscholten , and Ernst van Bruggen in one of the glasshouse - ride greenhouses of Agro Care with the help of Source.ag found on hokey intelligence during a sojourn last spring . Agro Care sees well-defined benefit in working with AI engineering .
Arnout Dijkhuizen , Investment Principal at Astanor Ventures , said : " We are extremely happy to continue our sustenance of Source.ag . We have been genuinely impressed with the team ’s military mission and accomplishments since our Seed investment last year . Focusing unfeignedly on where tech cope with nature , Source.ag has succeeded where many have said it was out of the question : cracking standardization , datum gather , and plant phenotyping with AI models that can simulate plant biota and help to optimize photosynthesis . More importantly , they are helping growers across the world operate their farms more expeditiously , making greenhouse farming globally accessible and scalable , thereby democratizing access to fruit and vegetable . "
" I am continually ball up aside by the expertness and craftsmanship of the growers we work with , " added Rien Kamman , CEO and co - founding father of Source.ag . " They are true " industrial plant masters " who put hefty fruits and veg on our plates by growing tasty fresh green groceries in a highly effective way , using only very few resources . However , to feed our planet ’s growing population in a durable , resource - efficient , and healthy manner , we need to do more and put the power of AI into the hand of raiser worldwide . Our technology provides agriculturist with real - prison term , highly tailored advice on how to optimally raise their craw , and we support them in running a successful develop mathematical process . We are proud to have Astanor Ventures , Acre Ventures Partners , and lead Dutch growers ' continued support in our commission to invest the existence ’s agriculturist . With this financial support , we ’ll introduce further groundbreaking products so even more agriculturist can surmount tidy food for thought output and feed more citizenry in a sustainable way . "
Lucas Mann , Co - Founder & Managing Partner at Acre Venture Partners , allege : " Greenhouse agriculture is one of the central answers to climate - resilient product of wise fruit and vegetables . Source.ag has an unbelievable team and installed engineering that has already proven to be a solution to assist agriculturist answer challenge in our global nutrient supply . mysterious and expanding partnership with top grower around the world continue to demonstrate how impactful their technology is and how speedily it will be adopted . "
For more information : Source.ag[email protected]www.source.ag
