Cropin, a Bangalore, India-based global agritech pioneer that built the first industry cloud for agriculture, has secured $14 million (INR 113 crores) in funding.
The round was from new investors Google and JSR Corporation, as well as existing investors ABC Impact and Chiratae Ventures.
The funds will aid in expanding Cropin Cloud, the company's recently launched intelligent agriculture cloud platform, to cater to the growing demand for digitization and predictive intelligence in the global agriculture sector.
With this funding, Cropin will be able to further invest in its go-to-market efforts and expand the platform's capabilities, including developing next-generation predictive intelligence solutions through Cropin AI Labs.
The goal of Cropin AI Labs is to bring predictive intelligence to every acre of the world’s cultivable land.
In addition, Cropin plans to expand its business presence in new regions and industries, focusing on creating solutions that promote sustainable agriculture practices and address global food security challenges on a large scale.
Krishna Kumar, Co-Founder & CEO of Cropin, said, "Since its founding in 2010, Cropin has been dedicated to improving the intelligence of food production and maximizing value for all stakeholders in the agricultural ecosystem. By making farms and harvests traceable, predictable, and sustainable, Cropin aims to transform how food is grown. The involvement of new strategic investors like Google and JSR Corporation, and the support of our existing investors, demonstrate confidence in our mission and impact. We are excited to partner with global technology innovators like Google, which further validates our capabilities and solidifies our position as a leader in the digitalization of global agriculture”.
Company: Cropin Technology Solutions Pvt Ltd
Raised: $14.0M
Round: Unknown
Funding Month: January 2023
Lead Investors:
Additional Investors: Google, JSR Corporation, ABC Impact, and Chiratae Ventures
Company Website: https://www.cropin.com/
Software Category: Farm Management Software
About the Company: Founded in 2010 by Krishna Kumar, Cropin is an AI and data-led agri-tech organization that provides SaaS solutions to agribusinesses globally using deep learning. Cropin’s suite of products enables various stakeholders in the agri-ecosystem, including financial services providers, to adopt and drive digital strategy across their agricultural operations. Using cutting-edge technology like artificial intelligence, machine learning, and remote sensing, Cropin creates an intelligent, interconnected data platform. Cropin helps organizations digitize their operations from farm to fork and leverage near real-time farm data and actionable insights to make effective decisions. Cropin has partnered with over 250+ organizations globally to digitize over 16 million acres of farmland and enriched the lives of nearly 7 million farmers while building intelligence for over 400 crops and over 10,000 crop varieties in over 56 countries. The solutions offered by Cropin are crop and geo-location agnostic and are available in a plug-and-play model.
Source: https://www.cropin.com/press-release/cropin-raises-113-crores-funding-from-abc-impact-chiratae-ventures-google-and-jsr-corporation