What is Precision AI?
Precision AI, founded in 2017 and headquartered in Regina, Saskatchewan, is at the forefront of accelerating artificial intelligence-based farming practices. The company leverages advanced drones and custom-built AI technology to enable crop production decisions at an individual plant level, a significant departure from the broader technologies historically used in the industry. This granular approach aims to create healthier, happier, and more profitable farms, integrating seamlessly with current agricultural technology and shaping the future of farm machinery to address global food security challenges.
How much funding has Precision AI raised?
Precision AI has raised a total of $20M across 1 funding round:
Angel/Seed
$20M
Angel/Seed (2021): $20M with participation from OneVentures, Golden Opportunities Fund, BDC Capital, and Fulcrum Global Capital
Key Investors in Precision AI
OneVentures
OneVentures is an investment firm that likely focuses on technology and innovation, given its participation in Precision AI's funding round.
Golden Opportunities Fund
Golden Opportunities Fund Inc. is a local Retail Venture Capital Fund with over 25 years of experience, focusing on providing investment opportunities for Saskatchewan residents and supporting local businesses.
BDC Capital
BDC Capital, likely referring to the Business Development Bank of Canada, provides financing and advisory services to Canadian businesses, with a focus on growth and innovation.
What's next for Precision AI?
With a major strategic investment bolstering its operations, Precision AI is poised for accelerated scaling. The company's focus on transforming crop production decisions from a whole-field to an individual-plant level positions it for significant growth within the agricultural technology sector. Future endeavors will likely involve further development of its AI and drone capabilities, expanding its global reach, and solidifying its role in crafting the next generation of agricultural machinery designed to feed a growing world population.
See full Precision AI company page
