Orchard Robotics raises $22M for farm vision AI; also, Mistral on the cusp of securing a $14B valuation
Description
On Wednesday, Orchard Robotics announced that it raised a $22 million Series A funding led by Quiet Capital and Shine Capital, and with participation from returning investors, including General Catalyst and Contrary. Although the idea of using computer vision for specialty crops isn’t new, Wu says that the largest farms in the U.S. still rely on manual sampling to make critical decisions about farm operations.
Also, French AI startup Mistral AI is finalizing a €2 billion investment at a post-money valuation of $14 billion, reports Bloomberg, positioning the company as one of Europe’s most valuable tech startups. The two-year-old OpenAI rival, founded by former DeepMind and Meta researchers, develops open source language models and Le Chat, its AI chatbot built for European audiences.
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