The new funding round was backed by M12, Microsoft’s venture fund, Costanoa Ventures, Space Capital, Artesian/GRDC GrainInnovate Fund, Artesian Clean Energy Seed Fund, along with existing investors including CSIRO’s Main Sequence Ventures, AirTree Ventures and Telstra-backed accelerator muru-D.
Funding for FluroSat includes more than $3 million in federal grants from the Australian Government.
“Computational agriculture will help the world feed 10 billion people in the decades to come,” says Samir Kumar, managing director at M12.
FluroSat’s agronomic analytics engine helps agronomists and farmers to assess plant health, detect crop stress and direct input applications (all at a scale and accuracy never before possible) “thanks to the automation of mundane data processing and synthesis of the insights”.
FluroSat founder Dr. Anastasia Volkova said, “Our agronomy customers help farmers to understand the past, act in the present and predict the future, but they can’t be everywhere at once. FluroSat’s mission is to scale their knowledge and science in a powerful, simple-to-use computing platform that keeps farms on track, in real time.”
FluroSat says it currently provides its solution to more than 1000 users across eight countries, monitoring 10.8 million hectares of land, with customer and partners including Landmark, Nufarm, MicaSense, TerrAvion and Iteris.