Fermata raises $10M to build autonomous command center for crop health
Fermata, a data science company specialising in computer vision agriculture solutions, closes $10 million in a Series A funding round backed by Raw Ventures. This investment will support the company’s vision of developing a centralised digital brain for the horticulture industry, allowing autonomous management of crops through advanced data analysis, creating an ever-evolving system that continuously learns from available data.
Initially focusing on identifying pests and diseases, the funding will go towards expanding Fermata’s system into a command center for crop health, further developing its suite of AI-driven solutions to address a range of agricultural challenges. Using advanced data analytics, the system monitors a wide range of plant health factors, from fertilisation to pollination status, with future capabilities set to include forecasting tools like yield prediction tracking. Fermata’s Croptimus suite will process visuals collected through its products, and integrate third-party data sources to build more accurate models.
Collaborations
The company has already forged strategic collaborations with Microsoft, NVIDIA, Wageningen University, Bayer Crop Sciences, yieldsApp, and agRE.tech, and plans to continue partnering with industry leaders to expand its impact throughout the agritech sector.
‘The eyes of Ag’
“Over the past 5years, Fermata has been on a journey to discover the best applications of computer vision to meet growers’ needs,” says Valeria Kogan, Founder and CEO of Fermata. “We proudly call what we have built, ‘The Eyes of Ag.’ With the new funding, I’m thrilled to see Fermata scaling to bring all the other senses to the agricultural industry, ultimately evolving into its Brain. I’m happy we are a part of a global collaborative effort to shape the farming of tomorrow.”
“Raw Ventures is proud to continue supporting Fermata, reaffirming our commitment to driving investments in sustainability,” says Victoria Palatnik, managing partner of Raw Ventures. “As always, our support goes far beyond funding, providing substantial resources to help the company succeed. This latest funding round highlights Fermata’s impressive achievements, including significant technological milestones, the development of impactful partnerships, and a transformative effort by its management team, which has guided the company from an early-stage startup toward becoming a resilient and mature business.”
