Agxio secures £750k seed investment led by the Development Bank of Wales to scale its agricultural AI technology
The funding round was led by the Development Bank of Wales to support the development of data science and AI solutions in agri-tech.
Agxio builds artificial intelligence and machine learning applications tailored for the agricultural, life sciences and biotech sectors. Its platform helps farmers and researchers utilise data for precision agriculture and disease monitoring.
Agxio has secured £750k in a seed investment round led by the Development Bank of Wales, alongside contributions from existing and new professional backers. The capital will support the company as it develops data science solutions for agriculture and expands its technical team in Wales.
Founded in 2018, the firm applies automated machine learning to areas such as crop selection, livestock health, and yield optimisation. The latest injection of funds follows recent industry recognition for the business and its leadership.
From the founder
"We are delighted to be working with the Development Bank of Wales who were always our preferred key strategic partner for the company and our plans in Wales. Wales is a world leader in both farming and technology. We aim to bridge both of those skills to create innovation in the food supply chain both domestically and internationally."
Stephen Christie
CEO and co-founder at Agxio
Investor perspective
"Agxio is an innovative technology business at the forefront of the agri-tech sector. The combination of cutting edge technology and a highly experienced management team means that the business has an exciting future ahead."
Andrew Critchley
Investment Executive, Development Bank of Wales
Use of funds
- 01Grow the team
- 02Continue product development
- 03Fund research and development
