hexafarms Raises €1.3M in Pre-Seed Funding to Optimize Greenhouses with AI
hexafarms is an agtech startup focused on enhancing the efficiency of greenhouses and indoor farms globally through advanced AI-driven technologies.
Company Name: hexafarms
Location: Berlin, Germany
Sector: Agtech, AI Software
Funding Details: Raised €1.3M in Pre-Seed funding. The round was led by Speedinvest, with participation from Mudcake and Techstars.
Purpose of Investment: To further develop its AI and machine learning capabilities and expand its team of research and development experts.
Leadership: Led by Founder and CEO David Ahmed.
"Although the global agriculture industry plays a fundamental role on a vast scale, it’s dishearteningly under-optimized. Our mission is to revolutionize this landscape. With our constantly evolving AI models, we aim to unlock potential savings of nearly 30% in variable costs and losses. By harnessing the power of algorithms, we can cater to the individual needs of each plant at any scale, surpassing the capabilities of human intervention.” - David Ahmed
Product: hexafarms develops a SaaS platform for indoor commercial food production that harvests data and uses AI to monitor, control, and optimize greenhouses and vertical indoor farms in real-time. The platform is capable of forecasting crop yields four to eight weeks in advance with up to 95% accuracy.
About Company: hexafarms is an agtech startup focused on enhancing the efficiency of greenhouses and indoor farms globally through advanced AI-driven technologies. Over the past six months, the company’s software has been used to monitor over 40 hectares of commercial greenhouses.