VC Fund Investments
Agri-robotics startup Niqo raises $13-M in Series B led by Bidra Innovation Ventures
Niqo Robotics , a Bengaluru-based agriculture robotics startup, has closed a USD 13 million Series B funding round led by Bidra Innovation Ventures. The round also saw participation from new investor Fulcrum Global Capital and existing investor Omnivore. The current funding brings Niqo’s total fundraising to USD 21 million.Niqo has developed precision spot spray technology for farms. Niqo’s solution uses a proprietary AI camera with deep learning models to identify and selectively spray on target plants, reducing chemical usage by up to 90%.The funding will be used by Niqo to expand to new markets and accelerate the commercial adoption of spot spray, globally.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
