Niqo Robotics, a Bengaluru-based start-up, has secured $13 million in Series B funding led by Bidra Innovation Ventures, with investments from Fulcrum Global Capital and Omnivore. The total funding for Niqo now stands at $21 million. The company is focused on revolutionizing agrochemical spraying with its precision spot spray technology, reducing chemical usage by up to 90%.
Niqo's AI-powered solution uses deep learning models and a proprietary camera to selectively spray on target plants, benefiting farmers by increasing profitability and reducing chemical pollution. In the previous year, Niqo commercialized over 90,000 acres, showcasing significant chemical savings and impacting over 1,800 farmers. The funding round aims to expand Niqo's reach to new markets and accelerate the adoption of spot spray technology globally.
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