Seed-X Technologies, a US and Israel-based Agri and food-tech startup, closed a $10 million Series A funding.
The round, which brings Seed-X’s total funding raised to date to $20 million, was led by iAngels with participation from Neva SGR, a part of Intesa Sanpaolo Group, and Champel Capital
The company intends to use the funds to accelerate its development, expand the market reach of its AI-powered seed sorting technology, and collaborations and partnerships toward future solutions for the food industry.
Company: SeedX Technologies Inc.
Raised: $10.0M
Round: Series A
Funding Month: June 2022
Lead Investors: iAngels
Additional Investors: Neva SGR, and Champel Capital
Company Website: https://www.seed-x.com/
Software Category: AI Seed Analysis platform
About the Company: Founded in 2018 by Moti Shniberg and Sarel Ashkenazy, as part of Nacre Capital, a global venture builder Seed-X has developed image-based technology which integrates AI, machine vision and deep-learning algorithms to optimize seed and grain sorting at a single seed and grain level. Using advanced machine vision technology and customized deep learning algorithms, Seed-X revolutionizes the entire seed breeding and production cycles. Seed-X identifies genetic traits of seeds & crops based on their phenotype features and transforms this big data into a new market standard that remodels the entire industry. Bringing together global leading experts in advanced Al technology, computer vision, and deep learning combined with our genetics, biomolecular, and agronomics specialists, the team is our core asset. Using advanced artificial intelligence, Seed-X technology detects the most important genetic traits from the Seed phenotypical appearance.
Source: https://www.finsmes.com/2022/06/seed-x-technologies-raises-10m-in-series-a-funding.html