ROVERS Inc., an AI-based agricultural intellectual property (IP) company, announced on the 14th that it had attracted a total of KRW 2 billion in pre-series round investment from investors including the Korea Investment Accelerator.
This round was jointly participated by Korea Investment Accelerator (additional investment of 500 million won), KB Securities, Agricultural Policy Insurance Finance Institute, KDB Next One Fund, Antler Korea, and Andys Partners.
Robus is developing a variety IP platform that integrates the entire process from seed IP discovery to trading and commercialization based on data, and is shortening the variety commercialization period by more than 50% compared to the existing period through its own solution, 'Genix'. Based on approximately 410,000 global variety data, this platform matches varieties that fit the buyer's environment and demand, and supports the entire commercialization process, including contracts, quarantine, and distribution.
In addition, we are developing our own AI-based breeding prediction solution, and based on this, we are promoting customized breed development and royalty-based business model expansion. Through this technology, Robus aims to resolve bottlenecks in the existing breeding industry and build AI Breeding infrastructure.
Based on this investment, Robus plans to focus on internalizing core variety IP, advancing AI breeding solutions, expanding global PoC projects, and securing professional manpower.
Meanwhile, Joo Yeon-woo, a judge at the Korea Investment Accelerator, said, “Robus is accelerating the commercialization of the agricultural value chain based on its specialized technology in the seed sector,” and “AI-based breeding prediction technology and global IP data infrastructure are evaluated as basic technologies that can increase the productivity and predictability of the agricultural industry.”
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