TLDR: Berlin-based agtech hexafarms secures €1.3 million pre-seed funding to empower commercial indoor farmers
Key Points:
- hexafarms, an agricultural tech company, has secured €1.3 million in pre-seed funding led by Speedinvest
- The funding will be used to develop AI capabilities, expand the team, and optimize crop production in greenhouses
hexafarms, a Berlin-based agtech company, has successfully closed a €1.3 million pre-seed funding round led by Speedinvest, with participation from Mudcake and Techstars. This funding will be used to further develop the company’s AI and machine learning capabilities and expand its team of research and development experts. With a total capital raised of over €2.5 million, hexafarms aims to optimize crop production in indoor spaces, including greenhouses, to address food security challenges and preventable losses in the global food production ecosystem.
Founded in 2021, hexafarms offers an AI-driven SaaS solution for commercial greenhouses, leveraging diverse data from cameras and sensors to provide growers with accurate insights and optimize plant biology. The company’s mission is to revolutionize the agriculture industry by harnessing the power of algorithms to cater to the individual needs of each plant, surpassing human intervention capabilities. With a focus on reducing variable costs and losses by nearly 30%, hexafarms aims to increase seasonal harvests and improve food security for current and future generations.
hexafarms’ innovative approach to optimizing food production in controlled environments has garnered support from investors like Speedinvest and Mudcake, who believe in the company’s potential to transform commercial food production through AI and machine learning. With the global agriculture sector facing challenges from climate change and food insecurity, hexafarms’ scalable solution offers a competitive edge over traditional manual labor methods, paving the way for a more efficient and sustainable future of food production.
