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MapMyCrop bags $1.8 Mn in seed round

EntrackrEntrackr · 5m ago
MapMyCrop bags $1.8 Mn in seed round
Medial

MapMyCrop bags $1.8 Mn in seed round Farm management software MapMyCrop has raised $1.8 million in a seed funding round led by YourNest Venture Capital along with participation from other angel investors, including Eaglewings Ventures. The funding comes as part of the YourNest-SanchiConnect Velocity Program 2024. The startup had previously raised an undisclosed amount in the same round from Startup Wise Guys and others. The proceeds will be used to expand operations, close pilot orders, strengthen the sales & operations team, and advance the platform’s technology, MapMyCrop said in a press release. Launched in 2021 by Swapnil Jadhav and Rajesh Shirole, MapMyCrop is a first 360-degree imagery agro suite, centralising critical agricultural data into a single, user-friendly platform. The platform aims to make precision farming accessible to farmers of all scales. It combines satellite imagery, IoT, and AI-driven insights to help farmers and enterprises monitor, predict, and optimise crop health with unmatched precision. MapMyCrop states that it currently supports over 4.7 million farmers globally and collaborates with organisations such as the US FDA on crop monitoring and sustainability initiatives. It is also planning to launch new solutions, including an AI-based farm credit score tool and a dedicated forest monitoring system. MapMyCrop aspires to penetrate emerging markets in Africa, Latin America, and Southeast Asia while deepening its presence in the US and Europe. The company is also working on localised solutions for different regions, addressing specific agricultural challenges with tailored AI-driven insights. According to market research, the agritech market is estimated to reach $45 billion globally by 2028. MapMyCrop claims to be a first complete 360-degree imagery agro suite, which includes five suites: onboarding, crop monitoring, detection, prediction, and sustainable agriculture add-ons. Its onboarding suite offers automated crop field boundary delineation, crop type detection, and a historical data repository for easy land use comparison.

EON Space Labs bags $1.2 Mn in pre-Series A round

EntrackrEntrackr · 23d ago
EON Space Labs bags $1.2 Mn in pre-Series A round
Medial

EON Space Labs, a Hyderabad-based deeptech startup, specialising in imaging technologies, has raised $1.2 million (approx Rs 10.5 crore) in a pre-Series A funding round led by MGF Kavachh along with participation from HHV Advanced Technologies. The proceeds will be deployed to scale manufacturing of its AI-driven electro-optical and infrared payloads, expand the engineering team, and support upcoming product launches, EON said in a press release. Co-founded in 2022 by Sanjay Kumar, Punit Badeka, and Manoj Kumar Gaddam, EON Space Labs is an IIT Madras incubated deeptech startup developing next-generation Earth Observation (EO) imaging payloads for satellites, drones, and ground systems. The startup designs and manufactures miniaturised high-resolution electro-optic and infrared (EO/IR) systems that are up to three times lighter and more compact than conventional payloads, reducing deployment costs without compromising image quality. EON’s flagship products, the MIRA space telescope, which is under validation, and the LUMIRA EO/IR platform, which has been certified to military standards, showcase its vertically integrated model from optical design to in-house prototyping and manufacturing which ensures speed, precision, and control across the entire value chain. The startup is also building global partnerships to tap international markets, with multiple commercial orders already secured following successful proof of concept demonstrations. It plans to launch four new variants of its LUMIRA EO/IR imaging systems, designed for long-range detection of humans, vehicles, threats, and UAVs through drone and ground-based surveillance platforms.

Irame.ai bags $1 Mn in seed round from SenseAI Ventures

EntrackrEntrackr · 5m ago
Irame.ai bags $1 Mn in seed round from SenseAI Ventures
Medial

Irame.ai, an AI-powered enterprise productivity and audit intelligence platform, has secured $1 million in its seed round from SenseAI Ventures, an AI-first venture capital fund. The proceeds will be used to accelerate Irame.ai to transform audit automation, anomaly detection, and enterprise compliance through AI-driven insights. Founded by Kapil Arora, Irame.ai streamlines the knowledge processing and forecasting process. The framework enables users to design, develop, and launch AI-driven applications without coding. Its approach claims to deliver audits up to 3-4x faster while significantly reducing costs helping enterprises modernize governance with efficiency. Built by Rahul Agarwalla and Raja Gopalakrishnan SenseAI Ventures is a Rs 200 crore fund.

Cambrian Bioworks raises $1.45 Mn in seed round

EntrackrEntrackr · 1y ago
Cambrian Bioworks raises $1.45 Mn in seed round
Medial

Bengaluru-based biotechnology firm Cambrian Bioworks has secured $1.45 million in its seed round led by the Irani family office, which has invested in several private ventures across the globe. The round also saw participation from the company’s CEO and co-founder, Vaibhav Hegde. The proceeds will be used to ramp up development of Cambrian’s automated molecular diagnostics platforms, R&D efforts, expand the team, and support forays into international markets. Founded by Hegde, Rohit Asil, and Raghav Sridhar, Cambrian Bioworks develops automated molecular diagnostic platforms. Its products find applications in oncology, genomics, rare disease testing, and AMR detection. Recently, the firm launched Cambrian’s nucleic acid extraction platform, Manta which provides high-quality DNA/RNA for genomics and PCR testing in hospitals and laboratories. This is yet another example of a founder investing in his own startup. This trend started with the founders of Byju’s, OYO, and BluSmart, and has recently continued with investments from the founders of Yubi and Ather Energy.

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