Adaviv Raises $2.3M In Upsized And Oversubscribed Seed Round Led By Delta Emerald Ventures To Scale Their Ai-Driven Plant Intelligence Platform For Indoor Farming
Adaviv Raises $2.3M In Upsized And Oversubscribed Seed Round Led By Delta Emerald Ventures To Scale Their Ai-Driven Plant Intelligence Platform For Indoor Farming
07/20/21, 12:51 PM
Location
somervilleMoney raised
$2.3 million
Round Type
seed
Adaviv Inc. (Adaviv), a cultivation technology company surfacing actionable insights for Controlled Environment Agriculture, today announced that it raised $2.3 million in an oversubscribed Series Seed financing led by Delta Emerald Ventures, with additional backing from Poseidon Asset Management and the SOJE Fund. With these partners and the financing proceeds, the company will expand its customer base in commercial cannabis production, grow the Adaviv team and accelerate the development of new sensing and product integration features.
Company Info
Location
somerville, pennsylvania, united states
Additional Info
AdaViv's mission is to make each plant count and help every farmer achieve consistency in yields and quality. AdaViv's early detection and intervention software improves consistency and drive yields by 20%+. Using a high throughput data pipeline, AdaViv plans to quickly scale beyond their beachhead market (cannabis) to other high-value crops, leading the innovation of sustainable agriculture with a transparent Plant Intelligence Platform, leveraged by cultivators, regulators, insurers, and genetics providers alike.
Incubated at MIT, Adaviv was co-founded by Ian Seiferling, Ph.D., Moe Vazifeh, Ph.D. and Julian Ortiz MBA. The company is a mission-driven and growing startup based in Somerville, Massachusetts, a recent graduate of the Creative Destruction Lab and is a finalist of the 2021 New England Innovation Awards.
To learn more about Adaviv visit www.adaviv.com