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Naio Technologies

Smart Farming
Segments:
Agribots/ Tractors
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Product stage:
Growth
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Based in France, Naio Technologies manufactures autonomous precision weeding robots, offering them on a Weeding-as-a-Service (WaaS) business model. As of January 2022, the company offers three robotic solutions called “Oz”, “Dino”, and “Ted”, which target small-scale farms, conventional large-scale vegetable growing farms, and vineyards respectively. The company had two more robots in development (commercial launch date undisclosed). As of 2021, Naio Technologies had commissioned 250 robots worldwide, including the European, North American, and Asian markets, with over 60,000 hectares of farm coverage. 

Naio Technologies uses Real-Time-Kinematics (RTK), GPS, lasers, cameras, and sensors to power its robots. The company claims that its GPS RTK guidance system allows the robot to operate at a 2 cm precision range without the need for supervision. The robots are also fully electric and are capable of covering 12 acres of farm in a day, with a battery life of eight hours. In January 2022, the company stated that its robot Ted could be initially used for weeding vegetables and vineyards, but it had plans to use it with large cereal crops as well.

In December 2022 , the company raised USD 33 million in a Series B funding round led by Mirova (the affiliate of Natixis Investment Managers), along with the participation from existing and new shareholders. The company intends to use the funds to expedite its international expansion and more than double its operating fleet over the next two years.

Smart Farming

Smart Farming

Key stats
Featured companies
113
Total funding (USD)
5.0 Bn
Total addressable market (USD)
48.5 Bn
Key competitors
 
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Recent Updates

Funding
Dec 8, 2022
Naïo Technologies raises USD 33 million in Series B funding
Smart Farming

Company Brief


HQ location:
235 Montagne Noire Escalquens FRA
Founded year:
2011
Employees:
51-100
Total Funding:
USD 55.6 million
Last Funding
USD 33.8 million, Dec 2022

Funding


Investors


No investor data is available

Funding data are powered by Crunchbase
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