Mar 29, 2022Koidra raises $4.5M seed funding for IA greenhouses
Koidra, an intelligent automation (IA) platform company based out of Seattle, has raised $4.5 million in its seed round.
Ospraie Ag Science (OAS) led this round of funding, with participation from Amritam Holdings, Cavallo Ventures, and Foothill Ventures.
Koidra was founded by the lead of Microsoft Research’s winning team at the inaugural Autonomous Greenhouse Challenge. They were the only team to outperform expert Dutch growers, and they also demonstrated the massive yield and profitability improvements achievable through intelligent greenhouse automation.
Intelligent automation combines multiple disciplines – such as artificial intelligence, mathematics, and physics – to transform real-time data into useful decisions. Koidra delivers “decision intelligence” to their clients for improved operational decision making, a top technology trend identified by analyst firm Gartner. Besides operational efficiency gains, Koidra solutions also advance manufacturing businesses on their journey to achieving hyperautomation, another strategic technology trend identified by Gartner.
In the age of precision agriculture, advancements in controlled environment agriculture (CEA) will come from improvements to production efficiency. Koidra’s award-winning autonomous greenhouse technology improves yield and reduces waste by combining physics, crop modeling, and machine learning to transform CEA. This IA technology augments growers’ abilities to monitor their growing environments and plants, delivers optimized climate decisions for the growing area, and improves yields over time.
Koidra is extending its core tech to improve operations in industrial IoT (internet of things) and real-time control applications, such as for machine and factory automation. The goal in each case is to eventually create autonomous greenhouses, farms, and factories.
“Koidra is obsessed with modernizing basic industries and making them more sustainable,” said Kenneth Tran, CEO of Koidra. “We are excited to be partnering with quality investors from both the AgTech and DeepTech spheres. Their collective industry knowledge and connections will add enormous value as we deploy our products, and their funding will help Koidra advance our vision much quicker.”
For more information, please visit www.koidra.ai.