Flurosat Raises $4.6m including from Microsoft, Artesian, GDRC, Costanoa Ventures and Space Capital

Flurosat Founder Dr. Anastasia Volkova

Aussie agtech FluroSat (#SYD4) has secured $4.6 million in funding from big-name backers, including Microsoft’s venture fund M12, as it looks to take its tech to a global audience.

The funding also comes from Artesian and GRDC’s GrainInnovate Fund, the Artesian Clean Energy Fund, Costanoa Ventures and Space Capital.

Existing investors Airtree Ventures, muru-D and CSIRO’s Main Sequence Ventures have also participated in the round.

Founded in New South Wales, FluroSat is a data analytics company combining imagery and farming records to produce recommendations on how to optimise crops.

Back in February, the startup secured $3 million in grant funding. Since then, founder Anastasia Volkova has joined the Austrade Landing Pad program in San Francisco, and is working on developing the market and securing new customers in the US.

“I wanted to prove the company is scalable, and the value proposition is universal,” Volkova tells StartupSmart.

Full article in SmartCompany.