Cropin, which describes itself as the global agritech pioneer that has built the world's first industry cloud for agriculture, says it has secured 1.130 billion rupees (about US$13.8 million) in funding from new investors Google and JSR Corporation, as well as existing investors ABC Impact and Chiratae Ventures.
The funds will help the company to expand Cropin Cloud, its recently launched intelligent agriculture cloud platform, to cater to the growing demand for digitization and predictive intelligence in the global agriculture sector.
With the support of this funding round, Cropin will be able to expand the platform's capabilities, including developing next-generation predictive intelligence solutions through Cropin AI Labs.
Cronin says the goal of AI Labs is to bring predictive intelligence to every acre of the world’s cultivable land. In addition, Cropin plans to expand its business presence in new regions and industries, focusing on creating solutions that promote sustainable agriculture practices and address global food security challenges on a large scale.
Governments and businesses in the agriculture and food sectors are seeking ways to increase productivity, efficiency, and income to meet domestic demand and reduce food waste. Cropin, with its strategic technology solutions, says it is well-equipped to help governments, development agencies, and agri-food businesses transform and create a secure and sustainable food value chain.
Founded in 2010, Cropin developed Cropin Cloud, the world's first industry cloud for agriculture, which helps various stakeholders in the agricultural ecosystem make informed decisions that increase farming efficiency, improve productivity, manage risk and environmental changes, and enhance sustainability through the use of digital technologies and predictive intelligence.
Cropin Cloud's intelligence platform has already provided predictive intelligence for over 200 million acres of farmland worldwide.