Get All Access for $5/mo

Viticulture Startup Terraview Raises $815K In Series A Round Terraview uses advanced image processing, machine learning, AI and augmented reality to focus on vineyards

By Shreya Ganguly

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Shutterstock

Singapore-based intelligent viticulture Terraview raised $815,000 in its Series A funding round led by Flipkart co-founder Binny Bansal, Flipkart Group CEO Kalyan Krishnamurthy, Udaan co-founder Sujeet Kumar, and Tanglin Venture Partner, according to Livemint report. The round also saw participation from Cure.Fit co-founder Ankit Nagori, and Dineout Chief Operating Officer Abhishek Sharma.

Founded in 2019 by Prateek M. Srivastava and Piyush Harsh, SaaS-based startup Terraview uses advanced image processing, machine learning, AI and augmented reality to provide information on vineyards.The startup claims to deploy drones which collect high-quality images and process it to give vineyards a real-time pulse of their land and cultivation. According to the official website, they provide data on the land use pattern, soil hydration, weather, pest infestations and other information to increase crop productivity and maximize yield.

Terraview's Plans Ahead

The company plans to use the funds for getting a deeper understanding of solving complex problems of fungal disease, bacterial infection, soil hydration, canopy cover and weather assessment using proprietary technology. Currently, Terraview is live in Spain and will soon be available in Italy and France.

While speaking with the Mint, Srivastava said that the funds will also be utilised for helping its customers from Spain, France and Italy to experience better technology. The startup currently has 11 employees who work across Zurich, Madrid, Moscow, Toronto and Florida.

Increasing Focus On Drone Sector In India

According to an Economic Times report, the Modi government is focusing on upcoming technologies including artificial intelligence, virtual reality, drones and cloud computing. Earlier this year, the Union Ministry of Civil Aviation released a draft note for Drone Policy 2.0 in India.

Media reports state that according to the draft \rules governing the operations of drones will either be introduced as an amendment to the existing civil aviation regulations (CAR) 1.0 or as a separate set of civil aviation requirements. A Moneycontrol report said that the Indian drone market is expected to reach $886 million worth by 2021 even as the global market is expected to reach $21.47 billion.

Earlier this month, media reports revealed that the government of Maharashtra had partnered with California-based medical product delivery company Zipline as it plans to launch a logistics network of autonomous drones. These drones will be used for deliveries of blood products, vaccines and life-saving medications across the state.

Shreya Ganguly

Former Features Writer

Business News

These Companies Offer the Best Work-Life Balance, According to Employees

The ranking is based on Glassdoor ratings and reviews.

Business News

Apple Is Adding ChatGPT to iPhones This Week. Here's How It Works.

ChatGPT will take over questions that Siri can't answer.

Leadership

As a Leader, Take These 5 Steps to Bridge the Gap Between Innovation and Execution

Companies that want to turn ideas into action must align their people and listen to their customers.

Science & Technology

Use This Framework to Successfully Integrate AI Into Your Business Operations

Here's how to ensure both innovation and compliance when using AI in your organization.

Leadership

Why Your AI Strategy Will Fail Without the Right Talent in Place

Using fractional AI experts through specialized platforms allows companies to access top talent cost-effectively, drive innovation and scale agile strategies for growth.