Source.ag Raises $17.5M for Applied AI in CEA

Source.ag, a developer of AI software for CEA, raised $17.5 million in a recent Series B funding round. The investment was led by Astanor, with strategic participation from investors including seed breeder Enza Zaden and grower cooperative Harvest House. This new capital brings Source.ag’s total funding to more than $60 million in five years.

The investment follows a period of rapid growth marked by the deployment of the company’s AI software with strategic partners and collaborations across Europe and North America. The funding underscores the critical role of applied AI in a sector facing two major hurdles: rising global demand for fresh produce and a growing deficit of experienced cultivation expertise.

“This Series B round confirms the industry’s belief in our vision: food chain innovation requires AI companies to partner closely with the industry,” says Rien Kamman, CEO and co-founder of Source.ag. “The grower is the core player, the one putting healthy food on supermarket shelves, and we build the solutions they need to excel. Our ambition is to sustainably feed everyone with sufficient fruits and vegetables. This investment confirms the market views us as the definitive AI partner leading the sector into the future.”