OneSoil, agrotechnical company from Belarus, raises $5M and hiring IT professionals in Ukraine
OneSoil, an agrotechnical startup developing solutions for remote monitoring of crops, has raised $5 million in Series A round from Almaz Capital and PortfoLion.
As representatives of OneSoil told AIN.UA, Ukraine is already in second place by the number of of OneSoil apps users, and the team plans to expand and hire even more tech professionals from Ukraine.
Funds will be used to enter new markets
OneSoil has closed a $5 million A round from Almaz Capital and PortfoLion. Now the total amount of investments raised since the founding of the company is $6.7 million. Slava Mazai, OneSoil CEO, says that the company will use funds to enter new markets and strengthen the company’s international status.
“Since OneSoil applications are completely free, we attract users quickly. We plan to use the investment to enter new markets and strengthen our international status. We have already started and will continue to hire specialists in Europe and the former CIS countries,” Mazai said.
How OneSoil works
OneSoil applications work using satellite images, machine learning algorithms, and big data analysis. The first step in digitizing all agricultural processes is mapping field boundaries.
The OneSoil team has developed technology that identifies field boundaries using satellite images and adds them immediately to the app, making this first step as easy as possible for a farmer.
The OneSoil apps allow remotely monitor the development of plants in fields, create maps for differentiated fertilization and sowing, as well as analyze data from farm equipment.
Hiring of IT professionals in Ukraine
As of December 2020, half of the Ukrainian fields are already added to the application. Today this results in hundreds of experiments on tens of thousands of Ukrainian fields, including in partnership with Ukraine’s largest agricultural holdings, IMC and Astarta-Kyiv.
OneSoil already has Ukrainian data science specialists in its team, but it plans to grow and hire even more tech talents.