Farm Management Software 'MapMyCrop' wins $1.8 million Seed Fund
MapMyCrop, a farm management software company, has raised $1.8 million in a seed investment round lead by YourNest Venture Capital. Eaglewings Ventures and other angel investors also participated. The YourNest-SanchiConnect Velocity Program 2024 is the source of the funding.
According to a news release from MapMyCrop, the money raised will be utilized to grow the business, complete pilot orders, bolster the sales and operations group, and develop the platform's technology.
MapMyCrop, the first 360-degree imaging agro package, was introduced in 2021 by Swapnil Jadhav and Rajesh Shirole. It centralizes important agricultural data into a single, easily navigable platform. The platform seeks to enable farmers of all sizes to practice precision farming. The platform helps farmers and businesses monitor, forecast, and optimize crop health with unparalleled precision by fusing satellite imaging, IoT, and AI-driven insights.
According to MapMyCrop, it presently assists more than 4.7 million farmers worldwide and works with agencies like the US FDA on sustainability and agricultural monitoring projects. Additionally, it intends to introduce additional solutions, such as a specialized forest monitoring system and an AI-based agricultural credit score tool.
In addition to expanding its footprint in the US and Europe, MapMyCrop hopes to break into emerging markets in Southeast Asia, Latin America, and Africa. Additionally, the business is developing regionally customized solutions that use AI-driven insights to address particular agricultural concerns.
Market study projects that by 2028, the worldwide agritech market would be worth $45 billion.
Onboarding, crop monitoring, detection, prediction, and sustainable agriculture add-ons are the five suites that make up MapMyCrop's purportedly first full 360-degree imaging agro package. Crop type recognition, automated crop field boundary delineation, and a historical data repository for simple land use comparison are all features of its onboarding package.
According to a news release from MapMyCrop, the money raised will be utilized to grow the business, complete pilot orders, bolster the sales and operations group, and develop the platform's technology.
MapMyCrop, the first 360-degree imaging agro package, was introduced in 2021 by Swapnil Jadhav and Rajesh Shirole. It centralizes important agricultural data into a single, easily navigable platform. The platform seeks to enable farmers of all sizes to practice precision farming. The platform helps farmers and businesses monitor, forecast, and optimize crop health with unparalleled precision by fusing satellite imaging, IoT, and AI-driven insights.
According to MapMyCrop, it presently assists more than 4.7 million farmers worldwide and works with agencies like the US FDA on sustainability and agricultural monitoring projects. Additionally, it intends to introduce additional solutions, such as a specialized forest monitoring system and an AI-based agricultural credit score tool.
In addition to expanding its footprint in the US and Europe, MapMyCrop hopes to break into emerging markets in Southeast Asia, Latin America, and Africa. Additionally, the business is developing regionally customized solutions that use AI-driven insights to address particular agricultural concerns.
Market study projects that by 2028, the worldwide agritech market would be worth $45 billion.
Onboarding, crop monitoring, detection, prediction, and sustainable agriculture add-ons are the five suites that make up MapMyCrop's purportedly first full 360-degree imaging agro package. Crop type recognition, automated crop field boundary delineation, and a historical data repository for simple land use comparison are all features of its onboarding package.
