Augmenta (acquired by CNH Industrial)
2016
Year Founded
2020
Year Selected
Athens, Greece
Location(s)
21-50
Team Size
THE MISSION
Frustrated by the inefficiencies of traditional farming methods and the impracticalities of precision tools, Co-Founders Dimitri Evangelopoulos and George Varvarelis used their academic training in electronics and farming backgrounds to find a better way.
Augmenta, a Scale Up Cohort 1 member, helps farmers improve their crop performance and reduce costs by using advanced technology to automate important tasks like applying fertilizer. Instead of relying on manual labor or guesswork, Augmenta’s system uses AI, computer vision, and edge computing to “see” the farm in real-time and make precise decisions about where and how much fertilizer to use.
As a tractor moves through a field, Augmenta’s system analyzes the soil and plants, automatically adjusting the fertilizer spreader to apply just the right amount. This leads to healthier crops, higher yields, and less wasted chemicals. Farmers can increase their harvest by up to 15% while cutting down on fertilizer use by 20%, which not only saves money but also helps the environment. With its real-time learning capability, the system adapted to each farm's specific needs to make agriculture more efficient and productive.
In 2023, Augmenta’s success culminated in its acquisition by CNH Industrial, the second largest global agricultural equipment manufacturer, for $110 million, significantly enhancing its capabilities.
Augmenta in Three:
What problem is Augmenta solving? Augmenta addresses the challenges of modern farming by providing intelligent automation solutions that reduce costs, enhance crop performance, and improve operational efficiency.
What’s innovative about Augmenta? Augmenta combines edge computing, multispectral computer vision, and AI to deliver real-time, actionable insights and automated farming processes that adapt and learn with each use.
Who can use Augmenta’s services? Farmers and agricultural service providers seeking to optimize their operations, reduce chemical inputs, and improve crop yields and quality.