- Companies
- Niqo Robotics
Niqo Robotics Valuation, Funding & Investors
Niqo Robotics is valued at $1.6B as of May 2024.
Last Niqo Robotics valuation
$1.6B
Series B · May 2024
Last Niqo Robotics funding round
$13M
Series B · May 2024
Cumulative funding Niqo Robotics raised
$20M
across 3 funding rounds
Key investors in Niqo Robotics
Omnivore
Blume Ventures
BEENEXT
Fulcrum Global Capital
Akash Gupta
Bidra Innovation Ventures
About Niqo Robotics
Niqo Robotics is a Wageningen-headquartered developer of autonomous agricultural robots equipped with AI-driven computer vision. Its precision sprayers identify and treat weeds selectively, slashing weeding expenses for farmers cultivating row crops like potatoes and sugar beets. The Dutch firm combines robotics hardware with machine learning software to enable efficient, eco-friendly field operations across Europe.
Founded
2015
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Valuation
$1.6B (May 2024)
Niqo Robotics Valuation
Niqo Robotics is currently valued at $1.6B, based on its Series B in May 2024.
The $13M round was led by Bidra Innovation Ventures, with participation from Fulcrum Global Capital and Omnivore.
Niqo Robotics valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| May 2024 | Series B | $1.6B |
Niqo Robotics Funding History
Niqo Robotics has raised a total of $20M across 3 funding rounds.
Niqo Robotics' first fundraising round was a $2M seed round in March 2019. The most recent completed round was a $13M Series B in May 2024.
Niqo Robotics funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| May 2024 | Series B | Bidra Innovation Ventures (lead); Fulcrum Global Capital; Omnivore | $13M | $1.6B | Niqo Robotics, founded in 2015 and based in Bangalore, India, develops AI-enabled spot-spraying technology that integrates with existing agricultural equipment to reduce agrochemical use by up to 90% and save farmers up to 60% on chemical costs. The technology uses deep learning AI cameras and computer vision to differentiate plants from soil for targeted application, commercialized over 90,000 acres and benefiting more than 1,800 farmers. It focuses on sustainable farming efficiencies, particularly for smallholders and horticulture markets. In May 2024, Niqo Robotics raised $13 million (Rs 109 crore) in a Series B round led by Bidra Innovation Ventures, with participation from new investor Fulcrum Global Capital and existing backer Omnivore, bringing total funding to $21 million. The funds will support expansion across India, into global horticulture markets including the US (Salinas and Yuma, Arizona), Australia, and potentially Africa via synergies with Bidra's parent OCP group in Morocco. |
| Aug 2021 | Series A | FMC Ventures (lead); Omnivore (lead); Blume Ventures | $5M | - | Niqo Robotics (formerly TartanSense) develops compact agricultural robots using AI-driven computer vision to identify and selectively spray target plants, reducing chemical usage by up to 90% and aiding smallholder farmers with precision spraying to cut costs and boost profitability. The Bengaluru-based agritech firm raised $5 million in its Series A funding round on approximately August 25, 2021, led by FMC Ventures and Omnivore, with participation from Blume Ventures. This brought the company's total funding at the time to $7 million, including a prior $2 million seed round in 2019. The startup aims to deploy the world's largest fleet of agricultural robots within 18 months of the round to empower farmers. Investors highlighted the firm's robust computer-vision technology for weeding and precision farming suited to Indian conditions, with potential for global scaling. |
| Mar 2019 | Seed | BEENEXT (lead); Blume Ventures (lead); Omnivore (lead); Samay Kohli; Dileep George; Kush Jawahar; Akash Gupta | $2M | - | - |
Who has invested in Niqo Robotics?
10 investors have backed Niqo Robotics across its funding rounds, including Omnivore, Blume Ventures, BEENEXT, Fulcrum Global Capital, Akash Gupta and Bidra Innovation Ventures.
Lead investors include Bidra Innovation Ventures, FMC Ventures, Omnivore, BEENEXT and Blume Ventures.
Niqo Robotics Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Mar 2019 | ||
| 2 | Lead | Mar 2019 | ||
| 1 | Lead | Aug 2021 | ||
| 1 | Participant | May 2024 | ||
| 1 | Participant | Mar 2019 | ||
| 1 | Participant | Mar 2019 | ||
| 1 | Lead | Mar 2019 | ||
| 1 | Lead | May 2024 | ||
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Start Free TrialNiqo Robotics Competitors
Niqo Robotics competitors include listed companies like UBtech Robotics and Braiin, and private ones like Sharpa, Science, Spirit AI and Odyssey.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $298M | ($108M) | $5.1B | 9.5x | ||
| Publicly listed | $73M | ($15M) | $1.2B | 13.0x | ||
| Private | - | - | $3.3B | - | ||
| Private | - | - | $1.5B | - | ||
| Private | - | - | $1.5B | - | ||
| Private | - | - | $1.4B | - |
Niqo Robotics Public Comps
Niqo Robotics is still privately-owned, but its public comps include MP Evans, ROKAE Robotics, CVR Partners, Adecoagro, SLC Agricola, Tessenderlo Group, Premier Group, Sildarvinnslan, Presco and Austevoll Seafood.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $371M | $166M | 3.8x | 3.7x | 8.6x | 8.1x | |||
| $78M | ($7M) | 20.7x | - | (221.3x) | - | |||
| $606M | $211M | 3.1x | 3.1x | 8.9x | - | |||
| $1.4B | $349M | 2.7x | 1.9x | 11.1x | 6.7x | |||
| $1.9B | $513M | 2.0x | 2.1x | 7.5x | 7.4x | |||
| $3.2B | $181M | 0.5x | 0.5x | 8.3x | 4.4x | |||
| $1.3B | $170M | 1.5x | 1.2x | 11.1x | 8.7x | |||
| $386M | $116M | 5.0x | - | 16.5x | - | |||
This data is available for Pro users. Sign up to see all Niqo Robotics competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Niqo Robotics
| When was Niqo Robotics founded? | Niqo Robotics was founded in 2015. |
| Where is Niqo Robotics headquartered? | Niqo Robotics is headquartered in Bangalore, India. |
| Is Niqo Robotics publicly listed? | No, Niqo Robotics is a private, VC-backed company. |
| What is Niqo Robotics' valuation? | Niqo Robotics was last valued at $1.6B in its Series B in May 2024. |
| How much funding has Niqo Robotics raised? | Niqo Robotics has raised $20M across 3 funding rounds. |
| What was Niqo Robotics' last funding round? | Niqo Robotics' last funding round was a $13M Series B in May 2024, led by Bidra Innovation Ventures. |
| Who are Niqo Robotics' investors? | Niqo Robotics' investors include Omnivore, Blume Ventures, FMC Ventures, Fulcrum Global Capital, Samay Kohli, Dileep George, BEENEXT, Bidra Innovation Ventures, Kush Jawahar and Akash Gupta. |
| Which companies are comparable to Niqo Robotics? | Companies comparable to Niqo Robotics include UBtech Robotics, Braiin, Sharpa, Science, Spirit AI and Odyssey. |
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