Agrolabs
IoT hardware and software for greenhouse automation.
- B2B
- saas
- manufacturing
- commission
- food
- robotics
- agritech
- connected device
- machine learning
- artificial intelligence
- hardware
- iot internetofthings
- deep tech
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor investor | €0.0 | round | |
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
$100k | Support Program | ||
| Total Funding | 000k | ||
| GBP | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 |
| % growth | - | (1 %) | - |
| EBITDA | 0000 | 0000 | 0000 |
| % EBITDA margin | (2149 %) | - | - |
| Profit | 0000 | 0000 | 0000 |
| % profit margin | (2149 %) | - | - |
| EV | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 |
Source: Company filings or news article, Dealroom estimates
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Agrolabs, founded in 2017 by Michael Lazarenko and Maxim Gorinov, develops technology for the agricultural sector, specifically focusing on greenhouses, horticulture, and indoor farming. The company is headquartered in London, UK, with R&D operations in Dnipro, Ukraine, and additional offices in Hong Kong and Georgia.
The firm provides a cloud-based platform and hardware solutions, including industrial IoT sensors and automated systems, to give farmers comprehensive control over the growing process. Its product suite focuses on key areas such as pollination, irrigation, and climate control. Products include the Agrolabs W-sens for monitoring substrate parameters like temperature, weight, and pH, and Agrolabs B-control for monitoring bumblebee activity to enhance pollination efficiency. This technology allows for real-time data tracking, predictive analysis, and alerts for deviations, aiming to increase crop yield, improve quality, and boost production efficiency. The software platform features customizable dashboards and can be integrated with existing ERP systems.
The business model involves selling both hardware and software, with revenue generated from direct sales and subscriptions for its software services. Agrolabs has raised approximately $100K in funding through investors including MassChallenge, Brinc, Artesian, and Cyberport. It has also received support from Google for Startups.
Keywords: greenhouse automation, horticulture technology, indoor farming, IoT sensors, precision agriculture, crop monitoring, pollination automation, irrigation control, climate control, AgTech, smart farming, cloud platform, data analytics, predictive analysis, substrate monitoring, bumblebee monitoring, agricultural robotics, farm automation