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

Argentinian artificial intelligence company, Deep Agro, has secured a $2 million investment in a funding round led by Draco Capital, with the participation of Grupo Dacas, BYX Ventures, Innventure, and Pampa Start. The startup, founded by five friends including CEO Juan Manuel Baruffaldi and CTO Juan Ignacio Cavalieri, originated from a computer science thesis at the National University of Rosario.

With the newly acquired capital, Deep Agro plans to expand into the Brazilian market in February of the upcoming year, and further intends to enter the U.S. market. The startup’s technology incorporates cameras on the sprayer to distinguish between crops and weeds, optimizing the application of resources. The team will conduct testing and validation stages in Brazil in the coming months and apply deep learning techniques to agriculture. This strategic move aligns with Deep Agro’s vision to become a key player in global AI applied to agriculture.