Agtech start-up plans to develop more products and expand its customer base via IrishTimesBiz
Proveye founders, Jerome O’Connell and Professor Nick Holden, UCD School of Biosystems and Food Engineering. Photograph: Nick BradshawAgtech start-up Proveye has closed a €1 million seed funding round to further develop its product offering and grow its customer base.
The round was led by Inspire Investments, the private investment arm of Waystone’s management team, and Enterprise Ireland. Proveye, which offers remote sensing image analysis for agriculture, is targeting agricultural advisers, fertiliser and pesticide suppliers and food processors with its offering. Its system aims to provide accurate information about productivity and sustainability on agricultural land. It can enhance and compile selected image types into a single view, correcting for weather conditions, sunlight and other factors, providing companies with a more accurate understanding of crop growth performance.
“This investment comes at a time of rapid growth for the company as we demonstrate the value of a new generation of image-based analytics in agriculture,” said Jerome O’Connell, chief executive and founder of Proveye. “Our talented team is working with some of the leading names in the agriculture industry to solve challenges previously out of reach to substantially increase certainty and accuracy in management decisions at the field, farm and even regional scale.
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