Opportunity for

• Strategic partners and investors for $6m Series A investment round to support and accelerate the expansion of market access and product evolution of an agritech ML/AI spectrometer data company.
  ^This opportunity is only for professional and sophisticated investors.

Opportunity description

Industry challenge

Better management begins with precise measurement. At Hone, we advocate universal access to measuring anything, anywhere, supporting informed decisions in sustainable agriculture. Timely, field-based, affordable data is crucial for managing risks and optimizing production in agricultural systems. The historical reliance on analytical laboratories, limitations in data granularity, and the increasing complexity of challenges in larger farms highlight the critical need for decision support systems in both first-world and emerging agricultural economies.

Hone has developed a world leading ML and AI engine to create Chemometric models for the measurement of agricultural inputs and outputs on a portable, affordable spectrometer that can be used anywhere at any time.

Current opportunity

Hone Ag is seeking strategic and financial partners for its $6 million Series A investment round to support them to:

• Accelerate Market expansion to build partnerships with digital platforms that create synergistic value
• Technically and financially support the next evolution of Hone product and service offerings
• Offer astute forward-looking strategists that see beyond the horizons to the challenges of the future

These partners will come with a commitment through investment, both financially, technically and strategically having a shared belief that the future sustainability and wellbeing rests with those that are not only prepared to step up, but step into the challenge, disrupting the status quo.

At Hone we believe that food is the energy of life, and it should be accessible, attenable and beneficial to all.

*To find out more about this opportunity you can send us an enquiry via the "Enquire now" button Opportunity background

Over the past 6 years, Hone has developed a world leading ML and AI engine to create Chemometric models for the measurement of agricultural inputs and outputs on a portable, affordable spectrometer that can be used anywhere at any time. Leveraging the depth and breadth of the cloud, we can run complex, granular models far beyond than what can be processed by desktop laboratory instruments. We are "field 1st" and have developed technological processes to correct, cancel or compensate for environmental conditions that can impact on spectrometers. We are market ready, with manufacturing capability and QA process to ensure that our brand is renowned for execution and excellence. Combining this knowledge has enabled us to design, engineer and manufacture a field deployable instrument that can measure multiple analytes from Grain and Leaf Protein, Moisture (DM), Metabolizable energy, digestibility.

We can measure soil analytes such as Soil Organic Carbon, CEC, pH and Moisture content. This is a demonstration of our capability. We are not on the bleeding edge of science; we are the integrator and enabler of science that is well established and used comprehensively within Agriculture and many other industries. Our solutions can be deployed collectively or independently providing a vast opportunity for partnership and collaboration. We already today have deep industry and leading scientific partnerships, endorsing not just what we have achieved but the methodology, systems and process that we practice and deploy.

Potential other applications

At Hone we know what we are capable of, and equally what we are not. We are looking to partner where possible as part of our ethos of "better for all". The problems that we solve are not limited to spectroscopy or agriculture as a field. In any application where environmental compensation models are required in assessing spectra (eg Remote sensing) or NIR is applied in other fields (eg Medical - Blood tests) or when deploy ability (low weight, mass, harsh environments) in collecting spectra (satellites / low orbit spacecraft)