An agricultural drone technology specialist has secured £650,000 in equity funding from 934 investors and an additional £145,000 grant from Innovate UK to expand its business and develop new crop scouting technology.
Company founder Jack Wrangham of Drone Ag told The SF: “This is the largest funding we have secured as a company to date, grant providers and private investors who have chosen to support the development of our technology.
“This will allow our team to grow and develop new features and an Android compatible version of our Skippy Scout crop scouting app.”
Skippy Scout is a crop monitoring app that uses drones to automatically capture images that are analyzed by groundbreaking artificial intelligence (AI) to give arable farmers vital insight into large-scale crops. The images provide an accurate Green Area Index (GAI), count emerging plants and identify weeds.
“We will soon be launching our Scout Sphere feature which will provide users with a complete overview of the field which includes the ability to focus on any area of the field and choose where to inspect at leaf level,” he said. he adds.
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The capital injection into the company will also serve to complete its base station concept which will see the launch of new remote drone tracking. “Skippy Nest can be installed on any farm and operated from anywhere in the world. It will revolutionize the way drones can be used to help scout crops,” he pointed out.
The Innovate UK grant was obtained with support from NorthInvest, a non-profit organization that powers innovation in the Northern Powerhouse region.
With this injection of cash, Mr. Wrangham said, the company will continue to evolve. “We plan to advance our drone-based spraying technology and start looking at using drones for propagation as well.
“The investment made through CrowdCube and the grant support will enable Drone Ag to become a leader in precision agriculture and we are grateful to everyone who has invested in us,” he concluded.