Mahindra and Mahindra has led a $12.1m round for the AI-powered crop imaging software provider that will fund recruitment, IT improvements and local growth.
Switzerland-based crop-imaging technology provider Gamaya has completed a CHF12 ($12.1m) series B round led by automotive manufacturer Mahindra and Mahindra.
The corporate paid $4.3m for an 11.25% stake in Gamaya last month as part of the round, which was filled out by commitments from venture capital firms VI Partners and Icos Capital Management.
Gamaya applies artificial intelligence technology to airborne and space-born hyperspectral images of crops in order to help farms devise methods of improving efficiency and sustainability.
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