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

Niqo Robotics Overview

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

IndiaBangalore

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

Niqo Robotics valuation by funding round
DateStageValuation
May 2024Series 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

Niqo Robotics funding rounds
DateStageInvestorsRaisedValuationDeal Summary
May 2024Series BBidra Innovation Ventures (lead); Fulcrum Global Capital; Omnivore$13M$1.6BNiqo 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 2021Series AFMC 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 2019SeedBEENEXT (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

Investors in Niqo Robotics by funding rounds participated
InvestorHQRoundsRoleFirst check
OmnivoreIndiaMumbai3LeadMar 2019
Blume VenturesIndiaMumbai2LeadMar 2019
FMC VenturesUnited StatesPhiladelphia, PA1LeadAug 2021
Fulcrum Global CapitalUnited StatesMound City, IL1ParticipantMay 2024
Samay KohliUnited StatesNew York City, NY1ParticipantMar 2019
Dileep GeorgeUnited StatesSan Francisco, CA1ParticipantMar 2019
BEENEXTSingaporeSingapore1LeadMar 2019
Bidra Innovation VenturesUnited StatesSan Francisco, CA1LeadMay 2024

This data is available for Pro users. Sign up to see all 10 Niqo Robotics investors.

Start Free Trial

Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.

Start Free Trial

Niqo Robotics Competitors

Niqo Robotics competitors include listed companies like UBtech Robotics and Braiin, and private ones like Sharpa, Science, Spirit AI and Odyssey.

Public and private companies comparable to Niqo Robotics
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
UBtech RoboticsChinaChinaPublicly listed$298M($108M)$5.1B9.5x
BraiinAustraliaAustraliaPublicly listed$73M($15M)$1.2B13.0x
SharpaSingaporeSingaporePrivate--$3.3B-
ScienceUnited StatesSan Francisco, CAPrivate--$1.5B-
Spirit AIChinaHangzhouPrivate--$1.5B-
OdysseyUnited StatesSan Francisco, CAPrivate--$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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
MP Evans$371M$166M3.8x3.7x8.6x8.1x
ROKAE Robotics$78M($7M)20.7x-(221.3x)-
CVR Partners$606M$211M3.1x3.1x8.9x-
Adecoagro$1.4B$349M2.7x1.9x11.1x6.7x
SLC Agricola$1.9B$513M2.0x2.1x7.5x7.4x
Tessenderlo Group$3.2B$181M0.5x0.5x8.3x4.4x
Premier Group$1.3B$170M1.5x1.2x11.1x8.7x
Sildarvinnslan$386M$116M5.0x-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.

See companies similar to Niqo Robotics

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial