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Mitti Labs Raises $9.5 Million in Series A Funding Led by Aramco Ventures for Water-Resilient Rice Farming
Key points
- Mitti Labs raised $9.5 million in Series A funding.
- Aramco Ventures led the investment round.
- The funding will expand water-resilient rice farming across Asia.
- Mitti Labs uses satellite imagery and AI to monitor farms.
Funding for Sustainable Rice Farming
Mitti Labs, a climate-tech startup based in New York and Bengaluru, has successfully raised $9.5 million in a Series A funding round. The investment was led by Aramco Ventures, the venture capital arm of Saudi Aramco. This funding brings Mitti Labs' total raised capital to $12.5 million, following a $3 million seed round in July 2024.
Investor Participation
In addition to Aramco Ventures, other investors participated in the Series A round. These included existing backer Lightspeed India, along with Godrej Industries Group, Cisco, Francis Family Fund, and Volta Circle. The diverse group of investors indicates broad interest in sustainable agricultural technologies.
Addressing Water and Methane Challenges
Rice farming, a staple for over half the global population, is highly water-intensive and contributes significantly to agricultural methane emissions due to continuous flooding. Mitti Labs' platform aims to mitigate these issues by combining satellite imagery, AI, and field operations to help farmers reduce water consumption and methane output. The company's technology creates digital twins of individual rice fields to monitor crop conditions, water use, and emissions.
GeoAI Platform and Expansion
The startup's GeoAI platform utilizes synthetic aperture radar (SAR) imagery from commercial and public satellites, with resolutions ranging from 50 centimeters to 10 meters. This data is combined with proprietary datasets to train AI models, enabling remote monitoring of crop growth, soil moisture, and flooding across smallholder farms. Mitti Labs has expanded its reach from approximately 8,000 farmers in 2024 to over 100,000 farmers across several Indian states this season, with a goal to reach millions by 2030.
Operational Approach
Mitti Labs employs over 150 individuals, with the majority of its workforce based in India. Field teams work directly with farmers and local organizations to facilitate the adoption of alternate irrigation practices. This direct engagement supports the implementation of water-saving techniques at the farm level.
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Reporting from
Mitti Labs, a climate-tech startup, secured $9.5 million in Series A funding led by Aramco Ventures to expand its platform for reducing water use and methane emissions in rice farming across Asia. This investment will enable the company to scale its GeoAI platform, which uses satellite imagery and AI to help farmers adopt water-saving irrigation practices, addressing the environmental impact of rice cultivation.