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MetoMotion: Raised $5M in Funding | Fintech InShorts: Latest fintech news, analysis by experts

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MetoMotion: Raised $5M in Funding

By Steve Sam

September 29, 2021

MetoMotion Raised $5M in Funding

MetoMotion, a Yokneam, Israel-based intelligent robotic systems for the greenhouse industry, raised $5M in funding
The round was led by Ridder, a greenhouse technology company, and Navus Ventures, the family investment office of Lely
The company intends to use the funds to finalize R&D activities, set up production and marketing activities and launch the commercial product
Led by CEO Adi Nir, MetoMotion provides a smart robotics platform that enables farmers and growers to solve labor shortages, reduce costs and improve yields
Its GRoW robot brings technology into the greenhouse, making use of latest Artificial Intelligence (AI)-based computing for 3D perception
Specially designed, flexible motion control and path-planning algorithms give the robot precise motion between plants and a unique design that fits the modern greenhouse environment