What is Precision AI?
Precision AI is at the forefront of revolutionizing agriculture through advanced artificial intelligence and drone technology. Founded in 2017 and headquartered in Regina, Saskatchewan, the company is dedicated to enhancing crop production by enabling decision-making at an individual plant level, a significant departure from traditional broad-field approaches. Their sophisticated AI technology and custom-built drones empower farms to achieve healthier, more profitable operations. By integrating their solutions into current agricultural technology, Precision AI is not only transforming today's farming practices but also contributing to the development of future technologies essential for global food security.
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 Golden Opportunities Fund, Fulcrum Global Capital, BDC Capital, and OneVentures
Key Investors in Precision AI
Golden Opportunities Fund
Golden Opportunities Fund Inc. is a long-standing Retail Venture Capital Fund in Saskatchewan, offering investment opportunities with tax credits and RRSP benefits to local residents while supporting provincial businesses.
Fulcrum Global Capital
Fulcrum Global Capital, the venture capital arm of a US agriculture producer, invests in disruptive companies addressing global food system challenges, focusing on agriculture, supply chain, and animal health.
BDC Capital
Massachusetts Business Development Corp. provides supplemental financing and financial services, including equity investments, loans, and guarantees, to growing companies within Massachusetts.
What's next for Precision AI?
The substantial enterprise-level funding secured by Precision AI signals a strong market validation and provides the necessary capital for scaling its operations and further developing its innovative AI platform. This strategic backing is expected to fuel the company's expansion into new markets and enhance its research and development efforts. Precision AI is poised to solidify its position as a leader in precision agriculture, driving efficiency and sustainability across the global farming industry. The company's focus on individual plant-level decision-making represents a significant technological leap, promising to reshape how the world's food supply is managed and produced.
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