Niqo Robotics: A Rising Star in Agritech Robotics
May 15, 2024, 7:35 am
Location: India, Karnataka, Bengaluru
Employees: 51-200
Founded date: 2015
Total raised: $13M
Niqo Robotics, formerly known as TartanSense, has been making waves in the agritech industry with its innovative approach to agricultural robotics. Recently, the company raised $9 million in funding from Brida Innovation Ventures, marking a significant milestone in its journey towards global expansion.
Founded by Jaisimha Rao in 2015, Niqo Robotics specializes in developing small agricultural robots equipped with AI-driven computer vision technology. These robots are designed to help farmers cut costs and increase profitability by using advanced technology to identify and selectively spray on target plants, reducing chemical usage by up to 90%.
With a post-money valuation of approximately $35 million, Niqo Robotics has attracted investments from key players in the industry, including Omnivore Partners and Brida Innovation Ventures. The company's focus on innovation and sustainability has positioned it as a leader in the agritech space, with plans to scale globally and accelerate the commercial adoption of its spot spray technology.
Despite facing challenges such as low revenue and increased losses in recent years, Niqo Robotics remains committed to its mission of revolutionizing the agricultural sector through cutting-edge technology. With a strong team and a clear vision for the future, Niqo Robotics is poised to become a major player in the agritech industry, competing with established players like Zenrobotics, SwarmFarm, and Ecorobotis.
As Niqo Robotics continues to grow and expand its reach, the company's dedication to innovation and sustainability sets it apart as a rising star in the world of agritech robotics. With a solid foundation and a clear roadmap for success, Niqo Robotics is well-positioned to make a lasting impact on the agricultural industry and shape the future of farming for years to come.
Founded by Jaisimha Rao in 2015, Niqo Robotics specializes in developing small agricultural robots equipped with AI-driven computer vision technology. These robots are designed to help farmers cut costs and increase profitability by using advanced technology to identify and selectively spray on target plants, reducing chemical usage by up to 90%.
With a post-money valuation of approximately $35 million, Niqo Robotics has attracted investments from key players in the industry, including Omnivore Partners and Brida Innovation Ventures. The company's focus on innovation and sustainability has positioned it as a leader in the agritech space, with plans to scale globally and accelerate the commercial adoption of its spot spray technology.
Despite facing challenges such as low revenue and increased losses in recent years, Niqo Robotics remains committed to its mission of revolutionizing the agricultural sector through cutting-edge technology. With a strong team and a clear vision for the future, Niqo Robotics is poised to become a major player in the agritech industry, competing with established players like Zenrobotics, SwarmFarm, and Ecorobotis.
As Niqo Robotics continues to grow and expand its reach, the company's dedication to innovation and sustainability sets it apart as a rising star in the world of agritech robotics. With a solid foundation and a clear roadmap for success, Niqo Robotics is well-positioned to make a lasting impact on the agricultural industry and shape the future of farming for years to come.