Fotenix, a Salford, UK-based AI-powered crop diagnostics firm, rased £2.1M in funding.
The spherical was led by River Capital. The startup acquired a six-figure funding from EHE Ventures’ AI Progress Fund, unlocking a £1.6 million Innovate UK grant.
The corporate intends to make use of the funds to assist hiring, broaden UK deployments, and additional develop the platform’s diagnostics engine.
Based by CEO Dr. Charles Veys, Fotenix makes use of a mix of multi-spectral imaging, robotics, and AI to create 3D digital twins of crops, enabling growers to determine stress and illness lengthy earlier than visible signs emerge. By giving farmers real-time insights into crop well being, the platform helps enhance yields, cut back losses, and minimize reliance on pesticides.
Fotenix already works with clients together with GrowUp, Agrii and Bayer, and is forecasting over £500K in ARR in 2025.
FinSMEs
18/04/2025
