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It’s a starry Series A round for Terraview

It uses advanced image processing, machine learning, AI and augmented reality, in the process assisting vineyards to get a realtime pulse of their land and produce, Terraview said on Friday.

ET Bureau|
Updated: Sep 28, 2019, 09.37 AM IST
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The startup will use proceeds from the latest round to solve complex problems of fungal disease, bacterial infection, soil hydration, canopy cover and weather assessment.
NEW DELHI: Image processing startup Terraview has scooped up $815,000 (about Rs 5.8 crore) in funding led by a clutch of high profile investors, including Kalyan Krishnamurthy, Flipkart group chief executive, and Binny Bansal, cofounder of the etailer now owned by Walmart.

Others who have funded its Series A include Sujeet Kumar, cofounder of Udaan; Tanglin Venture Partners; Ankit Nagori, cofounder of food, fitness and wellness company CureFit, and Abhishek Sharma, chief operating officer of restaurant tech solutions firm Dineout.

The Singapore-based startup, founded in 2019 by Prateek Srivastava and Piyush Harsh, is a Software as a Service (SaaS) platform, and claims to be the world’s first image processing startup focused on vineyards, particularly those in Europe.

It uses advanced image processing, machine learning, AI and augmented reality, in the process assisting vineyards to get a realtime pulse of their land and produce, Terraview said on Friday.

Viticulture is at an inflection point, with demand for wine expected to grow over the next decade. The global wine market is worth a little over $300 billion and expected to touch $400 billion by 2020, the company said.

“With changing weather pattern and this unprecedented global demand, optimising for quality to produce better and driving efficiency to produce higher volumes are going to be significantly important for the future, and Terraview is solving for this global need,” Srivastava said.

The startup will use proceeds from the latest round to solve complex problems of fungal disease, bacterial infection, soil hydration, canopy cover and weather assessment, it said.

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Kalyan Krishnamurthy, Binny Bansal and others put in $815k into image processing startup Terraview

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