21 January 2025
Agxio Secures £2.1 Million in Pre-Series A Funding for Global Expansion
Key Takeaways:
- Agxio has successfully raised £2.1 million in a Pre-Series A funding round aimed at scaling its revolutionary low-code AI platform.
- The funding will facilitate the company’s entry into new markets within AI, Agritech, and life sciences, while also expanding its award-winning team.
- Agxio leverages advanced automated machine learning to transform operations in agriculture and life sciences, fostering sustainable practices and real-time decision-making.
Agxio, a dynamic player in agricultural technology, has landed a substantial £2.1 million in a Pre-Series A funding round. This fresh capital marks a significant milestone for the innovative company and will be instrumental in driving its international expansion and scaling its operations.
Founded in 2018, Agxio has developed a low-code platform designed to streamline the tasks typically assigned to data scientists and machine learning engineers. According to the company, this platform enables users to design, construct, and deploy enterprise-level AI solutions swiftly across diverse applications in the agricultural and life sciences sectors. With a successful commercialization of its offerings and the establishment of key strategic partnerships, Agxio plans to utilize this recent funding to enhance its exceptional team while tapping into new markets related to AI, Agritech, and life sciences.
Strategic Partnerships and Location
Based at both the Aberystwyth Innovation and Enterprise Campus and Cambridge Science Park, Agxio integrates cutting-edge automated machine learning approaches that blend science and technology for the agricultural, life sciences, and biotech industries. Notably, the Development Bank of Wales is among its investors, and Agxio holds a strategic partnership with the Welsh Government for Agritech Innovation. This foundation has allowed them to forge strong connections to bolster both UK and international growth.
Innovative Solutions for Real-World Challenges
Agxio’s platform serves as a powerful integrated solution that brings together advanced proprietary technologies to tackle complex challenges that defy traditional human capacities. According to the company, it empowers farmers, researchers, and policymakers to effectively utilize and share data, models, and best practices for sustainable, real-time precision agriculture. Importantly, the platform is data-agnostic, capable of processing numerical, textual, and visual data both onsite and remotely. It also facilitates immediate decision-making and optimized results, making it an accelerator for innovative applications like drone analytics, robotics, imaging, and biotechnology.
The adaptability of Agxio’s technologies has received commercial validation across various sectors, including arable and livestock farming, closed environment agriculture, parasitology, NHS community care, and pathology.
Leadership Vision
Dr. Stephen Christie, the CEO and co-founder of Agxio, expressed enthusiasm about the company’s future. "We are very excited about the next phase of growth for the company," Dr. Christie stated. He emphasized the broad spectrum of applications for their AI and machine learning technologies and underscored the significant growth opportunities that lie ahead. "We have also created a number of strong partnerships across industry, government, and academia to ensure innovation at the highest level," he added.
Adding to its accolades, Agxio was invited to present at the Dubai Global Expo, an opportunity that highlighted UK innovation on a global stage and further solidified its position as a trailblazer in the Agritech space.
As Agxio embarks on this pivotal growth journey, it aims to transform how the agricultural sector leverages technology, ensuring a sustainable and data-driven future.
