Agtech startup Koidra lands $4.5m in seed funding to advance intelligent automated growing technology
The seed round was led by Ospraie Ag Science (OAS) with participation from Amritam Holdings, Cavallo Ventures, and Foothill Ventures.
Founded by a team of Microsoft researchers, Koidra's autonomous "decision intelligence" platform uses a combination of artificial intelligence, mathematics, and physics to transforms real-time data into useful decisions for greenhouse operators and other data-rich areas of the agricultural sector.
The technology can improve production efficiency, yields, and reduce waste at controlled environment agriculture (CEA) facilities by monitoring the growing environment of plants and delivering optimized climate decisions for the growing area.
With the funding, Koidra plans to extend its core tech platform to improve operations in other areas such as machine and factory automation with the ultimate of creating fully-autonomous greenhouses, farms, and factories.
Koidra has already amassed a client portfolio of some of the largest greenhouses and indoor farms in North America, which it plans to significantly expand over the next few years.
"Koidra is obsessed with modernizing basic industries and making them more sustainable. We are excited to be partnering with quality investors from both the AgTech and DeepTech spheres. Their collective industry knowledge and connections will add enormous value as we deploy our products, and their funding will help Koidra advance our vision much quicker," said Kenneth Tran, CEO of Koidra.
