Hexafarms, an agtech company leveraging AI to optimize greenhouses, has raised €1.3 million in pre-seed funding.
The round, led by Speedinvest with participation from Mudcake and Techstars, brings Hexafarms’ total capital raised to over €2.5 million. This funding will enhance their AI and machine learning capabilities, improve prediction accuracy, and expand their crop portfolio.
Founded in 2021 by David Ahmed, Huijo Kim, and Felix Kirschstein in Berlin, Hexafarms develops software for indoor commercial food production. Their SaaS uses AI to monitor, control, and optimize greenhouses and vertical farms in real time, forecasting crop yields with up to 95% accuracy. The Hexafarms app provides growers with tailored information on harvest times and highlights issues to optimize plant biology.
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Hexafarms serves large-scale facilities, using diverse data from cameras and sensors to generate insights, enabling a 30% increase in seasonal harvests for high-end crops. Over the past six months, Hexafarms has tracked over 40 hectares of commercial greenhouses, processing an estimated 9 million kilos of strawberries and tomatoes this quarter.
Andreas Schwarzenbrunner of Speedinvest emphasized the importance of innovative solutions in agriculture to address climate change and food insecurity. He expressed confidence in Hexafarms’ potential to transform commercial food production through optimization and digitalization. Anna Ottosson of Mudcake highlighted the necessity of efficient production systems to ensure food security for future generations and praised Hexafarms’ mission.
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