It utilizes artificial intelligence tools such as computer vision and profound learning, to build a stage for grading and quality monitoring of agricultural commodities. Agritech startup Intello Labs announced it’s raised a seed round of $2 million in Nexus Venture Partners and Omnivores. Intello Labs utilizes artificial intelligence tools such as computer vision and profound learning, to build a stage for grading and quality monitoring of agricultural commodities. Milan Sharma, Chief executive officer of Intello Labs, said, This financing will assist us strengthen our product and scale globally.
We’re excited to partner with the best possible combination of investors for us. Omnivore brings profound field expertise and an agribusiness network whilst Nexus brings unparalleled encounter scaling technology startups. Puneet Kumar, Vice President, Nexus Venture Partners, said, Without the standardization and digitization of all superior assessment of agricultural produce, electronic Mandi and electronic agricultural markets will remain distant fantasy. Intello Labs is revolutionizing grade evaluation and grading for agricultural produce, using technology advancements in AI and ML. Digital quality assessment combined with pricing algorithms can prove to be game changing for farmers, commodity traders and large corporates in the years to come.
Intello Labs provides a picture based solution, delivered via a smartphone application, which helps in bring transparency and standardization in quality assessment, reducing value danger and wastage from the agriculture supply chains. It’s developed a ready-to use solution for fruit, veggies and spices. The AI of intello can generate instantaneous quality metrics based on a photo taken on a basic smart phone. At first, the company plans to concentrate on large business customers, before eventually switching to a software model to small businesses, traders, and farmers. Mark Kahn, managing partner of Omnivore, said, Intello Labs will deliver objectivity and transparency across agribusiness supply chains, assisting farmers to capture the value they create. The company aims to become a de facto quality stage through agribusiness value chains for trading, procurement, grading, pricing, marketing, and traceability. Intello Labs was set up in 2016 by Milan Sharma, Nishant Mishra, Himani Shah and Devendra Chandani.