EnterpriseWorks Graduate Raises $20 Million in Series B Funding

Categories : EnterpriseWorks, Investments
Posted on: September 24, 2021

EnterpriseWorks graduate Intelinair, a startup that collects data-driven insights on crop performance, has announced $20 million in Series B funding.

The company graduated from EnterpriseWorks in 2019 and maintains an office in Champaign in addition to Indiana, California, and Canada.

The Intelinair team developed technology that surveys land and alerts farmers of various operational issues that affect crop yield.

“Intelinair’s AGMRI crop health and intelligence platform leverages modern artificial intelligence technology to monitor and proactively alert to issues before they become yield-stealing and loss-generating problems for our farmers,” said Intelair’s CEO and Co-Founder Al Eisaian.

Naira Hovakimyan, the co-founder and chief scientist of Intelinair, is a professor of Mechanical Science and Engineering at the University of Illinois.

Intelinair plans to use the funding to expand commercial operations, invest in their flagship crop intelligence product, and deepen their partnerships with other agriculture companies.

Intelinair has experienced continual success from being ranked in the Inc 5000 in 2020 to being named one of seven ag-tech startups to watch by Agriculture.com in 2018.

Read more here.