Grow-NY Year Four Winner Vivid Machines Closes $4.3 Million Seed Round
Grow-NY Year Four winner Vivid Machines recently announced its successful completion of a $4.3 million USD seed round, led by BDC Capital Thrive Venture Fund.
The Toronto-based startup, which took home $250,000 at the 2022 Grow-NY Food and Agriculture Business Competition, has developed advanced computer vision technology that gives fruit growers the visible and chemical details of every plant across an entire crop from bud to harvest. Its Vivid XV system helps farmers manage growth and predict yield while providing means for early diagnosis of pests, diseases, and nutrient deficiencies.
“Thanks to the belief our investors have in our team and the market, and the faith growers have placed in us in these early days, Vivid Machines will continue to develop cutting-edge technology to help the fruit supply chain increase fruit quality on existing acreage while optimizing costs,” said Jenny Lemieux, co-founder and CEO of Vivid Machines.
With its funding, Vivid Machines plans to speed development of a broader set of system applications and expand its capabilities to a wider variety of fruit crops.
To learn more about Vivid Machines’ seed round, read the full article on businesswire.com.