Silicon Canals
No Result
View All Result
  • Home
  • News
    • News
    • Startups
    • Scaleups
    • Coin Canals
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Event News
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Exclusive content
    • Partner content
    • Community partners
    • Amsterdam
    • Rise by Techleap.nl
    • EOR handbook by Atlas HXM
    • Guest Contributions
    • Business Wire
    • Sign up for our newsletter!
  • Global Jobs
  • Tech Events
    • Technology Events
    • Event News
    • Submit event
  • Contact
    • Contact us
    • Contribute your content
    • Team
    • About us
  • Partner with us
  • Home
  • News
    • News
    • Startups
    • Scaleups
    • Coin Canals
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Event News
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Exclusive content
    • Partner content
    • Community partners
    • Amsterdam
    • Rise by Techleap.nl
    • EOR handbook by Atlas HXM
    • Guest Contributions
    • Business Wire
    • Sign up for our newsletter!
  • Global Jobs
  • Tech Events
    • Technology Events
    • Event News
    • Submit event
  • Contact
    • Contact us
    • Contribute your content
    • Team
    • About us
  • Partner with us
No Result
View All Result
Silicon Canals
No Result
View All Result
This article is produced in collaboration with our partner StartupAmsterdam & ROM InWest

Amsterdam’s Source.ag reaps an additional €3.7M to promote greenhouse agriculture

Vishal Singh by Vishal Singh
June 8, 2023
in (Crowd)funding, Amsterdam, News
Source.ag

Image credit: Source.ag

20
SHARES
LinkedInTwitterWhatsAppFacebook
Read this article in:

Amsterdam-based Source.ag, an agtech startup that claims to accelerate access to fresh fruit and vegetables with AI-powered greenhouses, announced on Wednesday, June 7, that it has secured an additional $4M (approximately €3.73M) in its Series A extension round of funding.

Source.ag received $2M from SK networks through its US investment corporation Hico Capital, and a further $2M from existing investor MIT-affiliated E14 fund. 

This investment brings the company’s total raised Series A capital to $27M.

Co-founder Rien Kamman says, “We are excited to complete our Series A financing with a final $4M investment from SK networks made through its US investment corporation Hico Capital and the MIT-affiliated E14 fund, and will continue to use these funds to bring ground-breaking products to market for growers globally.”

- Partner content -
Atlas HXM EOR Employee of Record
How EOR is becoming a crucial tool in 2023
EOR gains importance as companies digitise and hire globally. Learn from industry leaders...Show More
EOR gains importance as companies digitise and hire globally. Learn from industry leaders using EOR with Atlas HXM.Show Less
Read more

Earlier this year, the firm reported that it had secured a $23M Series A funding led by existing investors Astanor Ventures, Acre Venture Partners, and many of the Netherlands’ biggest greenhouse operators.

“Empowering greenhouse growers with AI”

Founded in 2020 by Kamman and Ernst van Bruggen, Source.ag believes that greenhouse agriculture is an answer to safer, reliable and climate-resilient food production. 

Therefore, it is developing technology to democratise access to sufficient fruit and vegetables through AI-powered greenhouses.

According to the company, greenhouse agriculture generates up to 15 times more yields without the need for arable land and consumes up to 20 times less water. It is a proven option for local, sustainable, and climate-resilient food production.

Source.ag is advancing greenhouse agriculture by utilising advanced technology to empower more producers to run more facilities profitably and making them internationally scalable.

The company uses millions of data points on climate, biology, and resources to build and implement optimal production plans using their in-house developed algorithms that simulate plant behaviour. They want to feed more people healthy meals while utilising less resources.

The world’s top farmers have teamed up with Source.ag to create an advanced artificial intelligence for the agricultural industry. The team includes skilled engineers and plant experts.

Kamman says, “The global demand for greenhouse agriculture is rising, but its growth is being hindered by the shortage of experienced growers and unprecedented economic and climate-based challenges.”

“We are proud to partner with Dutch master growers to create an AI platform that will empower growers globally and optimise their crops’ growth in the short and long term,” Kamman adds.

Capital utilisation

Source.ag says it will use the money to accelerate its product development. Later this year, the company plans to further advance AI technology by assisting greenhouse producers with guidance on how to grow their crops most effectively.

The company’s product, Source Cultivate, is able to mimic plant biology and forecast anticipated resource use and production for every week by using a “Digital Twin” of a greenhouse operation. 

Farmers and cultivators can make educated decisions and increase crop yields thanks to this technology, which is also customised to certain varieties.

The additional money will also assist Source.ag in developing AI to support even more crop varieties and agricultural practices.

 - Partner content -
How to succesfully outsource…
How to succesfully outsource…
...your recruitment or product development with our curated community partners!
...your recruitment or product development with our curated community partners! Show Less
Read more
Tags: agtechamsterdamfundingnews
Share1Tweet5SendShare8

Partner with us | Download Media Kit

Thank you for visiting Silicon Canals! If you want to partner with us, look at our options.

Featured | Tech Events

Current Month

september, 2023

Silicon Canals | Jobs

Breaking news from Amsterdam | Partner

Endeit Capital backs Amsterdam’s Lepaya in €35M round to revolutionise corporate learning through AI

Chemical Utopia: How Amsterdam Chemistry Network’s ChemAI aims to upend Dutch Chemistry

Amsterdam’s Truvity launches Truvity Platform to revolutionise digital identity verification technology

Partner content | Work with us

Amsterdam’s Invest-NL takes center stage in protecting Dutch companies from unwanted takeovers: Here’s how

[Exclusive] Amsterdam’s YourKitchen gets acquired by The Kitchen Dojo and Trias Real Estate: Know more

Meet Samaa Mohammad, an AI ethicist solving diversity problem with Techleap.nl’s DLiT Community

  • About Silicon Canals
  • Partner with Silicon Canals
  • Impressum
  • Contact us
  • Sign up for our newsletter!
  • Disclaimer
  • Privacy Policy
  • Cookie Policy (UK)
  • Cookie Policy (EU)
  • Terms & Conditions Silicon Canals

Silicon Canals © 2014-2023 | Design: Bright Idiots. Images: Depositphotos

No Result
View All Result
  • Home
  • News
    • News
    • Startups
    • Scaleups
    • Coin Canals
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Event News
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Exclusive content
    • Partner content
    • Community partners
    • Amsterdam
    • Rise by Techleap.nl
    • EOR handbook by Atlas HXM
    • Guest Contributions
    • Business Wire
    • Sign up for our newsletter!
  • Global Jobs
  • Tech Events
    • Technology Events
    • Event News
    • Submit event
  • Contact
    • Contact us
    • Contribute your content
    • Team
    • About us
  • Partner with us

Silicon Canals © 2014-2023 | Design: Bright Idiots. Images: Depositphotos

X
X