KisanHub, the Cambridge-based agri- tech business, has secured £1.75m in venture capital funding to develop its Crop Intelligence Platform.
The capital has been raised though a funding round led by UK venture capital firms Notion Capital from London and IQ Capital of Cambridge and London, with help from Calibrate Management and other angel investors.
The company says the Crop Intelligence Platform combines big data, cloud computing and machine learning to simplify complex decisions for both farmers and their agribusiness suppliers. It aims to make agriculture more predictable and profitable by moving from largely intuition-based decision-making to a more analytical approach. The platform currently has over 3,000 users.
The latest funds will finance a move into machine learning guided by KisanHub’s new scientific advisor, Professor Roberto Cipolla from Cambridge University’s Engineering Department. It will also help with the expansion of the company’s sales team and customer relationship management.
“KisanHub is on an ambitious mission to create a field level data infrastructure of the future and integrate that data with our Crop Intelligence Platform to deliver actionable insights to enterprises and their growers,” says KisanHub chief executive Dr Sachin Shende. “With the new investment, we will kick start the hardware deployment in the UK, attract new talent into sales and customer success functions and expand our engineering capabilities to deliver end-to-end supply chain solutions.”
“The global agriculture industry was slower to see digital progress than many other sectors, however, recent years have brought significant technological innovation and vastly improved access to data,” adds Patrick Norris of Notion Capital. “It is immensely exciting to see KisanHub sit at the heart of this ongoing shift, as a data intelligence platform that benefits all those that participate in food production and distribution, including growers, producer groups, machinery manufacturers and agronomists amongst others.”