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Naïo Technologies raises 32 million euros [33.7 million USD] to accelerate its industrial and commercial growth

“Agricultural robotics is climbing upwards”

Founded in 2011 by French robotics engineers Aymeric Barthes and Gaëtan Séverac, Naïo Technologies is based in Toulouse and specializes in agricultural robotics. The company has recently raised* 32 million euros [33.7 million USD] to accelerate its industrial and commercial growth. With 300 machines already in service worldwide at the end of 2022, AgTech has 70 employees and sells in 20 countries through a network of distributors. Thanks to this fundraising, Naïo Technologies will be able to speed up its international growth and double the number of robots in service over the next two years. At the moment, its main markets are France (40%), Europe and the United States. But in the long run, the French company hopes to expand its presence to all continents. 

“Agricultural robotics is climbing upwards! We are very happy to be supported by impact funds and the Occatania region,” explains Gaëtan Séverac, co-founder of Naïo Technologies. “Robotics brings a solution to the challenges of sustainable agriculture and the lack of manpower. More and more producers are turning to robots for their work.”

*Led by Mirova, a branch of Natixis Investissement Managers dedicated to sustainable investment, this new round of financing brings together the historical investors: the Ecotechnologies fund, managed on behalf of the French government by Bpifrance as part of the France 2030 program, Capagro, Demeter, Pymwymic & Codema. The regional funds M Capital and ARIS Occitanie are also joining the operation.

This year, Naïo has launched two products (Orio and Jo) to address the needs of some key markets.

According to Aymeric Barthes, CEO of Naïo Technologies, “this fundraiser will enable us to take another step towards greater efficiency, for both our products and our organization, thanks to our industrial partners such as Syselec.”

Lack of manpower
These solutions also help reduce the consequences of the labor shortage, as well as the physical constraints on workers. Besides, the use of robots reduces erosion, the carbon footprint linked to agricultural activities, and the use of herbicides. In 2013, the first model of the Oz robot was sold, followed by Ted in 2018, the first robot for vineyards. In parallel, Naïo Technologies created FIRA in 2016, the world's largest event for agricultural robotics, and the company also opened a US branch in California (Salinas), in the heart of North America's major agricultural hubs.

Committed to a sustainable food production and a better world
Naïo Technologies’s purpose is to offer producers its expertise on the challenges of ecological transition and regenerative agriculture. Naïo proposes high-performance and autonomous robots that help reduce the carbon footprint of agricultural activities thanks to its electric and light range that limits the use of pesticides for food production. Naïo Technologies has validated its B-Corp certification and has carried out the carbon footprint and life cycle analysis of its electric robots. 

Finally, Naïo Technologies is also behind the creation of FIRA, the International Forum for Agricultural Robotics and the “world’s largest events for agricultural robotics”, whose first edition took place in Toulouse in 2016. A place dedicated specifically to agricultural robotics where all professionals and manufacturers of the sector can meet.

For more information:
Naïo Technologies 
www.naio-technologies.com