With this funding, FarmERP plans to build artificial intelligence (AI)-based climate resilience intelligence to help customers to mitigate climate risks in agriculture and achieve sustainability.
Moreover, FarmERP also plans to help refine farming and agricultural operations through its expertise in AI, machine learning, computer vision, and blockchain technologies.
As per a report by DataLabs by Inc42, Indian agritech startups raised $66.6 Mn (INR 463 Cr) in 2018, compared to $46.1 Mn (INR 320 Cr) raised in 2017.
New Delhi-based Kamatan Farm Tech raised $4 Mn (INR 30 Cr) from Chennai-based Samunnati Agro Solutions to improve its logistics and supply chain.
In November, Netherland development finance company, FMO Entrepreneurial Development Bank, also announced its plans to invest $5.2 Mn (INR 37.31 Cr) in Chennai-based WayCool Foods And Products for Infrastructure development. | To read full story, visit https://startuparound.com/read/1577676605.7317958/FarmERP-Bags-Series-A-Funding-To-Build-On-Climate-Risk-Tech?ref=audio_experience