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Swisscom Ventures and Verve Ventures spearheaded the fundraising, which was enthusiastically supported by existing ecoRobotix investors such as CapAgro, 4FO Ventures, and BASF Venture Capital.
FREMONT, CA: ecoRobotix, a start-up provider of AI-based ultra-high precision farming solutions, has declared that the company has raised USD 14.7 million in its latest Series C funding round. Swisscom Ventures and Verve Ventures spearheaded the fundraising, which was enthusiastically supported by existing ecoRobotix investors such as CapAgro, 4FO Ventures, and BASF Venture Capital.
The latest investment round will allow ecoRobotix to begin high-volume series production of their ARA plant protection spraying system and accelerate its European expansion. The earnings will also go into the company's extensive R&D activities, which include constantly adding new crops for treatment, developing autonomous spraying solutions, and developing new cloud-based services for clients that include modern ICT technologies such as 5G. Swisscom and ecoRobotix will work together to create these new cloud-based services and solutions for sustainable agriculture.
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The deployment of ARA machines by an increasing number of clients, including agricultural contractors covering hundreds of hectares each month, has already proven the expected remarkable results in challenging working circumstances.
"Swisscom Ventures is proud to support a cutting edge Swiss agri-tech solution with venture capital and 5G technology competence. ecoRobotix solutions not only assist producers in reducing their use of plant protection products by up to 95 percent, 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!" as Dominique Megret, Head of Swisscom Ventures, stated.
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