Peacock Technology raises over £1.1m to expand its agricultural automation capabilities.
The funding round includes backing from Oxford Innovation Finance and the OION Angel Network.
Peacock Technology develops advanced engineering and robotic automation systems for the agricultural sector, specialising in machine vision and artificial intelligence. Its machinery addresses key operational and environmental challenges in dairy farming.
Peacock Technology has secured over £1.1m in a new funding round to expand its technological capabilities and product offerings. The investment will help the company scale its customer reach and strengthen its position within the agricultural automation market.
Oxford Innovation Finance participated through its EIS Growth Fund alongside the OION Angel Network. The capital will enable the firm to further develop its precision machinery for dairy farming and other agricultural applications.
The company focuses on bridging technological gaps in food production to address labour shortages, improve animal welfare and promote sustainable farming practices.
From the founder
"We are thrilled to have secured this new investment which will enable us to accelerate our vision for precision agriculture. With new resources, we’ll continue to push the boundaries of automation in dairy, delivering innovative technology that meets the pressing needs of our clients while promoting efficiency and sustainability. We remain committed to developing smarter farming solutions and scaling our impact in the dairy sector and beyond."
Stuart MacLennan
CEO at Peacock Technology
Investor perspective
"The market opportunity for Peacock Technology is significant due to the global push towards agricultural efficiency, sustainability and labour reduction. Automation is increasingly critical to manage labour shortages, enhance animal health and improve productivity, which make Peacock Technology’s solutions highly valuable to farms worldwide. As farms face increasing pressures to operate sustainably and comply with regulations, demand for such technologies is growing."
Richard Cooper
Managing Director, Oxford Innovation Finance
Use of funds
- 01Continue product development
- 02Expand into international markets
Investors
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About the company
Peacock Technology
Peacock Technology develops advanced robotic automation and machine vision systems for agriculture.