News In Brief Agriculture
News In Brief Agriculture

AgNext aims to expand in Vietnam and the Middle East

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AgNext aims to expand in Vietnam and the Middle East
28 Feb 2022
7 min read

News Synopsis

According to the Chief Technology Officer of the Agriculture startup AgNext Technologies, Subrat Panda, the startup aims to expand its operations in the Middle East and Vietnam. The decision to expand these areas was taken last year. Mr. Panda said: "Through our Vietnam GRAFT challenge, we are now working closely to start our activities in Vietnam in the quality space and we plan to set up our offices in the Middle East very soon. And that will depend a lot on how we're growing. We're being cautious and then we want to expand fast."  AgNext is an agriculture startup that uses technologies such as Artificial Intelligence, Machine Learning, Data analysis, etc to solve quality assessment issues in the agriculture sector. It has an accuracy rate of 99%. Mr. Panda further said: "In the short term, we're working on building advanced sensors in our lab, collecting more data depending on the sensors and building advanced AI models which can give quality instantly wherever it is used - be it on the field, a farm, or any warehouse, a procurer or processor. It not only improves agricultural output but also helps in addressing a lot of persistent issues in some of the value chains." Last year AgNext Technologies raised $21 million in by Alpha Wave Incubation (AWI) fund in its Series A funding.