UK start-up Hummingbird raises € 3 million to expand
Hummingbird Technologies from London (UK) has recently raised € 3 million ($?4.1 million) in new funding for the expansion of its precision farming platform. One of the investors is Sir James Dyson, the inventor behind and founder of the Dyson company.
Hummingbird Technologies uses drone, aerial and satellite imagery combined with weather and soil data and artificial intelligence for amongst others yield predictions, managing nitrogen levels and diagnosing diseases in a variety of crops. The company was founded in 2016 in the UK and now has operations in Brazil, Russia and Ukraine.
Expansion of online platform
Besides Sir James Dyson, the funders include the European Space Agency, Newable Private Investing and Velcourt, the UK’s largest commercial farming operation. Hummingbirds precision farming platform is said to deliver actionable data to farmers 24 hours after drone flights were carried out. For this, the company uses artificial intelligence and machine learning algorithms to deliver insights into crop health and decipher hidden patterns in a field. The platform is backed by large agri-businesses and academic universities.
Hummingbird Technologies was founded in 2016 by Will Wells, with tech partners including Google UK. Since then, the team has grown to 27 people with a further 50 drone pilot and agronomy jobs throughout the UK.
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