Funding

[Funding alert] Cambridge-based Spotta Secures £3M in Funding

Dec 16, 2023 | By Startup Rise EU

Cambridge-based Spotta Secures $3 million in funding. The Yield Lab, STIHL Ventures, and ACF Investors led the funding. In this round, Growthworks has joined as a new investor, and previous investors Martlet, Wren Capital, Remus Capital, and business angels from Cambridge Angels and Cambridge Capital Group have continued to invest.

Cambridge-based Spotta Secures $3 million in funding. The Yield Lab, STIHL Ventures, and ACF Investors led the funding. In this round, Growthworks has joined as a new investor, and previous investors Martlet, Wren Capital, Remus Capital, and business angels from Cambridge Angels and Cambridge Capital Group have continued to invest.

The company is going to use the funds to keep expanding its horticultural, forestry, and agricultural businesses abroad. Spotta is a tech company that specialises in pest management, and its CEO is Robert Fryers.

Its monitoring systems, which prioritise detection and prevention, leverage IoT hardware and sophisticated algorithms. They are based on knowledge in advanced sensing technologies. Several European governments deploy the systems in forestry, related to agriculture, and commercial structures in more than 10 nations.

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About Spotta

VC-backed Cambridge, UK startup Spotta grows rapidly. They are bringing their ultra-low-power IoT technology and patented AI to market to address the £320 billion insect pest problem.

Read also - Cologne-based Metal Trading Platform METYCLE Secures €4.7 Million in Funding

Their goal is to launch the first smart pest management firm in history. The convergence of IoT, environmental sustainability, and AI is incredibly intriguing. Their platform technology, which is scalable, allows for significant productivity gains across several industries, such as agriculture, forestry, textiles, and hospitality.

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