Verdex Capital is pleased to announce an investment into Precision AI, a leader in artificial intelligence-based farming practices in the United States and Canada. Precision AI’s Stratus AirSprayer is the combination of an autonomous unmanned aerial vehicle (UAV) with hours of flight time and a large carrying capacity, with an on-board AI-driven computer vision system capable of classifying every plant in the field in real-time. The result is aerial precision spraying at scale.

As the first investment from Verdex AgriFund, this marks a milestone for Verdex Capital as it continues to support its mission of Advancing Canadian Agriculture.

Martin Vetter, SVP at Verdex Capital, expressed his enthusiasm for this new venture. “The ability to deploy aerial precision spraying at scale, with a strong ROI to farmers, and a clearly defined path to market, makes this a compelling opportunity. We are pleased to support the Precision AI team alongside marquee AgTech investors Cooperative Ventures, Farm Credit Canada, NYA Ventures, Green Spark Ventures, Fulcrum Global Capital, BDC Capital and At One Ventures.”

About Precision AI
Founded in 2017 and headquartered in both the United States and Canada, Precision AI is on a mission to accelerate artificial intelligence-based farming practices to create healthier, happier, and more profitable farms. By leveraging our advanced drones and custom-built AI technology, Precision AI can take crop production decisions from a whole field to an individual plant level. This type of decision-making transforms an industry that has been reliant on larger and broader technology for decades. The outcome of our solutions is integrated into the agricultural technology of today and helps craft the machines of tomorrow that will feed the world.

Verdex AgriFund is a venture capital fund offering patient capital for early-stage companies focused on Advancing Canadian Agriculture.

Verdex Capital is a purpose-driven venture capital firm. Its mission is to Advance Canadian Agriculture. We co-invest in high-impact venture and community development initiatives with other industry leaders in ways that achieve financial returns with measurable environmental and social impact.