ADI concluded last year on a high note, marking significant milestones that underscore the success of our innovative technology for agriculture. We are thrilled to share the exciting news that our angel investors, who have been a driving force behind our journey, have demonstrated their unwavering confidence in our vision by doubling down on their investments. This is a testament to the potential they see in ADI’s transformative role in the agricultural sector.
Breaking even and beyond: A pivotal moment
Closing the fiscal year right on the edge of breaking even is a monumental achievement for any startup, and for ADI, it represents a pivotal moment in our growth trajectory. It showcases the market potential of our technology. The investment round allows us to scale up our operations, which in turn enables further development of our camera systems and crop monitoring AI software.
Unveiling our growth blueprint
ADI’s imaging technology is operational in 4 countries across Europe. It is used in different crop types and for different applications ranging from germination analysis for vegetable breeders to crop monitoring for chrysanthemum growers and herbs in vertical farms.
We are all excited to see what 2024 has in store and we look forward to our next achievements. The investment round will allow us to expand our team, deploy in the market and continually improve our technology to enable data driven crop management.