About Augmenta
Augmenta is a company based in Marousi (Greece) founded in 2016 by Dimitri Evangelopoulos and George Varvarelis was acquired by CNH Industrial in February 2023.. Augmenta has raised $11.1 million across 4 funding rounds from investors including CNH Industrial, HCVC and Pymwymic. Augmenta offers products and services including Augmenta Field Analyzer, Slingshot Connectivity, and Viper 4+ Display. Augmenta operates in a competitive market with competitors including Blue River Technology, GenZ Technology, DeepAgro, Rowbot and AgreenCulture, among others.
- Headquarter Marousi, Greece
- Founders Dimitri Evangelopoulos, George Varvarelis
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Sectors
Agriculture
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Raven Industries, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$11.1 M (USD)
in 4 rounds
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Latest Funding Round
$8 M (USD), Series A
Mar 23, 2021
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Investors
CNH Industrial
& 4 more
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Employee Count
Employee Count
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Acquired by
CNH Industrial
(Feb 13, 2023)
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Products & Services of Augmenta
Augmenta offers a comprehensive portfolio of products and services, including Augmenta Field Analyzer, Slingshot Connectivity, and Viper 4+ Display. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Uses computer vision for real-time variable rate application in agriculture.
Provides data connectivity for farm management and operations.
Offers in-cab interface for monitoring and controlling farming equipment.
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Funding Insights of Augmenta
Augmenta has successfully raised a total of $11.1M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $8 million completed in March 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series A — $8.0M
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First Round
First Round
(17 Jul 2018)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2021 | Amount | Series A - Augmenta | Valuation | CNH Industrial | |
| Oct, 2019 | Amount | Seed - Augmenta | Valuation | HCVC | |
| Aug, 2018 | Amount | Grant - Augmenta | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Augmenta
Augmenta has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include CNH Industrial, HCVC and Pymwymic. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Impact investments are made in transformative agricultural technologies.
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Founded Year | Domain | Location | |
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Venture capital funding is provided to early-stage startups.
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Founded Year | Domain | Location | |
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Investments are directed toward hard-tech and full-stack companies by HCVC.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Augmenta
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Augmenta
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Augmenta Comparisons
Competitors of Augmenta
Augmenta operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Blue River Technology, GenZ Technology, DeepAgro, Rowbot and AgreenCulture, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Computer vision and robotics are applied for agricultural weed control.
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| domain | founded_year | HQ Location |
Manufactures and supplies pesticide spraying equipment
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| domain | founded_year | HQ Location |
Developer of weed detection systems using Deep Learning, Data mining and IoT technology
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| domain | founded_year | HQ Location |
Robotic nitrogen dispensation for corn farms
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| domain | founded_year | HQ Location |
Developing a robot for assistance in agricultural activites
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Augmenta
Frequently Asked Questions about Augmenta
When was Augmenta founded?
Augmenta was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is Augmenta located?
Augmenta is headquartered in Marousi, Greece. It is registered at Marousi, Attica, Greece.
Who is the current CEO of Augmenta?
George Varvarelis is the current CEO of Augmenta. They have also founded this company.
Is Augmenta a funded company?
Augmenta is a funded company, having raised a total of $11.1M across 4 funding rounds to date. The company's 1st funding round was a Grant of $50K, raised on Jul 17, 2018.
What does Augmenta do?
Augmenta was founded in 2016 and is headquartered in Marousi, Greece. Operations focus on the agriculture technology sector, where a plug-and-play device is offered for mounting on tractors. Real-time field data is collected by the device, and proprietary artificial intelligence is utilized to enable precise fertilizer spraying through a web-based system. Services support farmers in optimizing resource application across field operations.
Who are the top competitors of Augmenta?
Augmenta's top competitors include Blue River Technology, GenZ Technology and AlterraTech.
What products or services does Augmenta offer?
Augmenta offers Augmenta Field Analyzer, Slingshot Connectivity, and Viper 4+ Display.
Who are Augmenta's investors?
Augmenta has 5 investors. Key investors include CNH Industrial, HCVC, Pymwymic, Marathon Venture Capital, and MassChallenge.
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