Friday
January 8
2021

CropIn Raises US $20 Million in Series C Funding Round to Advance the Reach of Its Farm Management and Predictive Analytics Solutions in Asia

CropIn, a leading global artificial intelligence and data-led agri-tech organisation empowering stakeholders to reimagine agriculture with data, has raised US$ 20 million in a Series C funding round led by ABC World Asia, an Asia-focused private equity fund dedicated to evidence-based impact investing.

Existing investors Chiratae Ventures, Invested Development and Ankur Capital also participated in this funding round. Other new investors in this round include CDC Group and Kris Gopalakrishnan’s family office Pratithi Investment Trust.

CropIn will use this capital infusion to focus on its global expansion, while continuing to innovate on its machine learning-based predictive analytics platform, SmartRisk to further strengthen its artificial intelligence capabilities. CropIn is also investing to penetrate deeper in its target markets globally. Recently, CropIn opened an Amsterdam office, and will be hiring local leaders to drive growth in the European market.

Photo courtesy of Ray Witlin.

Source: Express Computer (link opens in a new window)

Categories
Technology
Tags
agribusiness, agriculture, artificial intelligence, business development, impact investing, social enterprise, technology