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Cropify raised A$2M in a seed round led by Mandalay Venture Partners and Hatcher+ to accelerate the commercialization of its AI-powered grain grading technology.

Sep 06, 2024over 1 year ago

Amount Raised

$2 Million

Round Type

seed

AdelaideMachine LearningFood and BeverageArtificial IntelligenceAgriculture and Farming

Investors

Hatcher+Mandalay Venture Partners

Description

Cropify, based in South Australia, has secured A$2 million in a seed funding round. The investment aims to enhance the commercialization of its innovative grain grading system that utilizes AI and machine learning.

Company Information

Company

Cropify

Location

Adelaide, South Australia, Australia

About

Cropify is an agtech company based in South Australia, focusing on AI and machine learning technology to grade grains in the supply chain. Founded in 2019, Cropify aims to improve the precision and objectivity of grain testing, moving away from traditional methods. The company has recently raised A$2 million to accelerate the commercialization of its innovative smart-grading system. Cropify's technology provides real-time test results to stakeholders, fostering more informed decisions throughout the food supply chain.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers