Augmenta raises $2.5M seed round to expand operations in North America
Augmenta manufactures state-of-the-art multispectral camera system retrofits to existing agricultural machinery like tractors, sprayers or spreaders.
Augmenta, France, completed a $2.5 million seed financing round led by San Francisco-based Hardware Club and Athens-based Marathon Venture Capital. The investment will help the company expand operations in North and South America.
Augmenta manufactures state-of-the-art multispectral camera system retrofits to existing agricultural machinery like tractors, sprayers or spreaders. By utilizing instantaneous image processing and artificial intelligence, the system decides on the amount of farm inputs (e.g. fertilizers) every inch of the field actually needs and immediately applies it by controlling the rate of sprayer/spreader application through various machinery communication protocols (e.g. ISOBUS).
“The Augmenta team is ecstatic to see their hard work manifested in actual, boots-on-the-ground results, making the lives of farmers around the world easier and more profitable,” says George Varvarelis, co-founder and CEO Augmenta. “Most of our original team members have a farming background, which makes us laser-focused on delivering practical solutions that can be seamlessly incorporated into a farmer’s day-to-day operations.”