Amsterdam-based Source.ag is an agtech startup that assists greenhouse farmers with AI.
The company announced that it has raised approximately €21.6M in a Series A round of funding.
The round, led by Astanor Ventures, also includes investments from Acre Ventures Partners and several leading greenhouse operators in the Netherlands.
Source.ag will use the funds to help growers operate efficiently using its AI technology to track and improve cultivation.
Following the launch of its first product, Source Track, in 2022, the Dutch company intends to launch two new products, Source Cultivate, and Source Control, in 2023.
The company says it will enable growers to simulate full seasons of crop growth, tailored to specific gene and crop varieties, to grow their crops in the best way possible.
Founded in 2020 by Rien Kamman and Ernst van Bruggen, Source.ag believes greenhouse agriculture is an answer to safer, reliable, and climate-resilient food production.
The company is developing technology to democratize access to sufficient fruit and vegetables through AI-powered greenhouses.
The company’s proprietary algorithms simulate plant behavior to define and execute optimal cultivation strategies, taking into account millions of data points on climate, biology, and resources.
Source.ag claims that it produces up to 15 times higher yields and uses up to 20 times less water while reducing pollution and use of land.
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