Agtech venture Agxio has secured a £750,000 equity to support its ambitious growth plans. The £750,000 equity investment comes from a mix of existing investors and the Development Bank of Wales alongside match funding from new professional investors.
“We are delighted to be working with the Development Bank of Wales who were always our preferred key strategic partner for the company and our plans in Wales. Wales is a world leader in both farming and technology. We aim to bridge both of those skills to create innovation in the food supply chain both domestically and internationally.”Agxio chief executive and co-founder, Dr Stephen Christie
Backed by a world-class team of data scientists, engineers, domain specialists, technologists and commercial entrepreneurs, Agxio manages two flagship platforms: Apollo & Centaur.
- Apollo operates beyond-human-scale performance, enabling the robotic platform to evaluate critical data to produce predictive models to solve real world problems. It then optimises these to look for patterns or configurations of parameters that human modellers may not even consider or have the patience to develop.
- Agxio’s Centaur incorporate artificial intelligence and the latest advances in data and agricultural science to encode and enable industry best practice for all practitioners within agriculture. Innovation, driven by forward thinking and rigorous, scientifically principled activity connects all producers and suppliers in one ecosystem.
Life sciences, biotech and agricultural industries have been dramatically transformed through the availability of large volumes of data through IoT innovation and advances in technologies. Through the use of Artificial Intelligence, Data Science and Digital Innovation, we deliver actionable insights into these industries. We automate the data scientist and enable use cases in any complex data rich environment to deliver optimised machine learning solutions.Agxio Industry Focus
The development bank’s equity investment from the Wales Technology Seed Fund will give them the potential to harvest the vast benefits that machine learning and data science can bring.