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Joffe & Associés advises Inarix for a fund raising. The company, which specializes in agricultural crop imaging analysis solutions based on artificial intelligence, is accelerating its development in Europe and the United States with the help of a €3.1 million round of financing.
The technology developed by Inarix aims to simplify agricultural harvesting by monitoring production quality through a smartphone application. It allows “to get results instantly, on the go, and without having to use bulky and complex machines,” states Inarix founder and CEO Pierre Chapelle. He adds that “These analyses are usually done by machines. And we manage to have the same reliability rate as them”.
After developing independently for over four years, Inarix is opening up its capital for the first time. Among other things, the CEO in 2018 self-funded the development of its agricultural crop analysis software, until the signing of a first customer in 2019.
Now with a team of more than thirty employees, 400 agricultural user sites as well as a flourishing marketing, the company is raising €3.1 million from Ankaa Ventures, followed by the Spanish company Label Investment, which specializes in innovation in agriculture, Newfund, Alliance for impact, a vehicle managed by Ventech, and ResiliAnce, an investment structure.
“The vast majority of imaging solutions for agriculture are dedicated to unharvested crops. Inarix’s solution is unique in this sense,” confirms Jonathan Cohen-Sabban, co-founder of Ankaa Ventures.
With this round of financing, Inarix hopes to position itself as a leader in the American and European markets. Investments in R&D will also be made, notably in order to be able to analyze corn, soybean and coffee crops, in addition to strengthening the core technology
- Target company : INARIX
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Acquéreur ou Investisseur : ANKAA VENTURES , Jonathan Cohen-Sabban , LABEL INVESTMENTS , Alexandre Pierron-Darbonne , RESILIANCE (RESILIANCE.IO) , NEWFUND , VENTECH
- Corporate Lawyers society : JOFFE & ASSOCIES , Océane Christmann
- Associate Corporate Lawyers : CHARLES RUSSELL SPEECHLYS , Renaud Ferry
- Acq. DD Financial : DAFINITY , Dimitri Speyer
