Picketa Systems has secured a CAD 1.445 million Seed investment to enhance its real-time plant tissue analysis technology, LENSTM, aiming to optimize crop production in Canadian agriculture.
Target Information
Picketa Systems, an AgTech startup based in Fredericton, New Brunswick, has made significant strides in the realm of precision agriculture since its founding in 2021. The company has developed an innovative technology known as LENSTM (Leaf Evaluated-Nutrient System), which focuses on real-time plant tissue analysis. This advanced solution enables farmers and agronomists to diagnose nutrient concentrations with geographical accuracy, optimizing crop production while minimizing fertilizer use.
With the ongoing support of agriculture professionals from New Brunswick and Prince Edward Island, Picketa Systems has successfully implemented its LENSTM technology in the field, working with ten agronomists across Canada and the United Kingdom in 2023. By providing real-time tissue sampling, the technology aims to assist farmers in quickly identifying nutrient deficiencies, thereby enhancing both crop yield and quality.
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Industry Overview in Canada
The agriculture technology (AgTech) sector in Canada is experiencing robust growth, propelled by advancements in precision agriculture and a growing focus on sustainability. Canadian farmers are increasingly adopting innovative technologi
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invested in
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in 2023
in a Seed Stage deal
Disclosed details
Transaction Size: $1M