Fotenix, a Salford, UK-based AI-powered crop diagnostics company, rased £2.1M in funding.
The round was led by River Capital. The startup received a six-figure investment from EHE Ventures’ AI Growth Fund, unlocking a £1.6 million Innovate UK grant.
The company intends to use the funds to support hiring, expand UK deployments, and further develop the platform’s diagnostics engine.
Founded by CEO Dr. Charles Veys, Fotenix uses a combination of multi-spectral imaging, robotics, and AI to create 3D digital twins of crops, enabling growers to identify stress and disease long before visual symptoms emerge. By giving farmers real-time insights into crop health, the platform helps boost yields, reduce losses, and cut reliance on pesticides.
Fotenix already works with customers including GrowUp, Agrii and Bayer, and is forecasting over £500K in ARR in 2025.
FinSMEs
18/04/2025