Investment in artificial intelligence is heating up. In 2017 alone, venture capital investment in AI doubled to US$12 billion. With convergence of robotics, Internet of Things (IoT), we expect this trend to continue in 2018. Investors are also heavily investing in promising AI startups. Yesterday, we reported about AI startup StarMind. The company just raised $15 million to scale its self-learning AI technology.
Today, another artificial intelligence startup, Motorleaf, announced it has raised $2.85 million USD to further develop its real-time, agronomic solutions for the fast-growing controlled-environment agriculture sector. The investment, closed in two rounds with the final $2 million USD committed this May, is led by top ag- and food-tech acceleration fund Radicle Growth with support from Desjardins Capital, Real Ventures, Fluxunit (Osram Ventures), BDC Capital and 500 Startups Canada.
Founded in 2015 by Alastair Monk and Ramen Dutta, the Montreal, Canada-based startup focuses on bringing actionable, data-driven insights to greenhouse and indoor operators. MotorLeaf has been built primarily to help growers produce more, and a better quality product; by automatically adjusting to the needs of your crop. MotorLeaf builds separate components, each of which has a specific set of functions. They can operate separately, or if you add onto the MotorLeaf HEART – operate as a larger whole. With automated adjustments to your crop, and notifications on when there may be a problem for you to look into – you decrease your loss, saving / making you more money.
To read the rest of the story, please go to: TechStartups