Hi Finistere Ventures has raised $8.5m in series A financing for its artificial intelligence-based plant crossbreeding technology. The investment, which was co-led by Fall Line Capital and Fidelity, will be used to expand the company's research and development as it aims to develop hybrid crops with higher yields. Hi Finistere Ventures uses a network of wireless in-ground sensors to track the root growth of its plants and identify those with the best growth potential. The company then feeds the data into an AI-driven software platform which predicts which hybrid combinations will produce the most suitable crops for different regional conditions.
Hi Fidelity has raised $8.5m in series A financing for its artificial intelligence-based plant crossbreeding technology. The investment, which was co-led by Fall Line Capital and Finistere Ventures, will be used to expand the company's research and development as it aims to develop hybrid crops with higher yields. Hi Fidelity uses a network of wireless in-ground sensors to track the root growth of its plants and identify those with the best growth potential. The company then feeds the data into an AI-driven software platform which predicts which hybrid combinations will produce the most suitable crops for different regional conditions.