Intelinair, an Indianapolis-based agtech startup, has announced the completion of a $20 million Series B round to expand its aerial imagery analytics capabilities.
The round was led by Regulator Group with participation from SDMC Ag Inc, Scientia Ventures, and Takiff LLC. Angel investors including senior executives in the agriculture and artificial intelligence (AI) industry also joined. The new capital brings the total funding raised by the startup to $24.5 million Bill Wisialowski, Managing Member of Regulator Group, said about the firm’s participation:
“We have been incredibly impressed by Intelinair in its use of AI to lead the ag intelligence revolution. Not only does Intelinair provide vital agronomical insights to growers, a $15 billion opportunity, but it also identifies actionable opportunities and provides tools to facilitate the decarbonization of the planet and drive sustainability and efficiency of food supplies, a global imperative. We are excited to lead the Series B round and support Intelinair through the next stage of the company’s evolution,”
Founded in 2015, Intelinair aims to leverage AI and machine learning to create crop performance models that allow the identification of problems to assist farmers with their decision-making process. Its flagship product, AGMRI, collects and analyzes data from high-resolution aerial, satellite, equipment, weather, drone imagery, and scouting, delivering essential insights directly to the farmers’ smartphones. Al Eisaian, CEO and Co-founder of Intelinair, referred to the benefits of the platform by stating:
“American farmers work very hard every day to produce nutritious and affordable food. At the same time, farmers are challenged by many factors. Intelinair’s AGMRI crop health and intelligence platform leverages modern artificial intelligence technology to monitor and proactively alert to issues before they become yield-stealing and loss-generating problems for our farmers,”
The agtech startup believes that applying emerging technologies like AI and machine learning will take the agriculture industry to its next level, benefiting producers and consumers alike in the long term.