Deep Agro raises $2M for AI-based Agtech expansion to Brazil and the US

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Deep Agro, an artificial intelligence AgTech startup based in Argentina, closed a $2M Seed round led by Draco Capital and supported by Grupo Dacas, BYX Ventures, Innventure, and Pampa Start. With this funding, Deep Agro plans to expand its operations to Brazil and the United States. 

Founded in 2017 by Juan Manuel Baruffaldi, Juan Ignacio Cavalieri, Juan Ignacio Cornet, Iván Regali, and Marcos Mammarella, Deep Agro originated from a computer science thesis at the National University of Rosario. The agtech’s sprayers use cameras to differentiate crops from weeds, reducing agrochemical use and environmental harm.

 “Our product reduces chemical usage by 70-90%, saving between $20 and $40 per hectare and lowering the environmental impact by 45%,” noted the founding team. 

This move reflects a regional expansion of agricultural AI, a sector expected to grow to $4B by 2026, and the global trend towards more sustainable agricultural practices.

Read more at tekiosmag.com 

AJ is currently working as a Technical Product Manager in the United States Air Force, focused on developing software for air asset planning capabilities. He is also a Spanish scholar for Department of the Air Force’s Language Enabled Airmen Program (LEAP) and is passionate about the intersection of technology and business within Latin America. He hopes to one day pursue an MBA and work full-time in Venture Capital.

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