What does Verdi do?
Verdi develops modern automation tools for farms by retrofitting existing infrastructure with patented devices. These tools automate key tasks such as irrigation and maintenance, allowing farmers to reduce labor costs, cut input expenses, and boost crop yields.
How much did they raise?
In this Seed round, Verdi raised $6.5M CAD. The funding was led by SVG Ventures with participation from NEC X, Ponderosa Ventures, Elemental Impact, GenomeBC, One Small Planet, Waterpoint Lane, Dangerous Ventures, VentureUs, Echo River Capital, Cyan Ventures, Jetstream, and Baker Hall Capital.
What are their plans for the money?
Verdi plans to use the funds to expand into new regions, enhance its AI-powered platform, and deepen its relationships with major agribusinesses. This move aims to drive large-scale automation and strengthen the foundation for a climate-resilient food system.
What have they achieved so far?
The company has already made significant progress by developing and deploying its patented automation devices, which are currently used by some of the largest food producers, setting the stage for broader adoption in agriculture.
