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Aker Technologies Inc.'s $2.6 million financing tops recent funding news in Chicago

Chicago-based machine learning and agriculture company Aker Technologies Inc. has secured $2.6 million in funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced on August 28 and led by Lewis & Clark Ventures.

According to its Crunchbase profile, "Aker Technologies Inc., develops smart in-season crop management tools to accelerate the adoption of precision farming practices across the industry. Aker has developed patented computer vision and biometric sensors, along with software and service solution to detect, classify and measure pests pressure, airborne pathogens, crop diseases and fertility issues inside the canopy of crop fields."

The five-year-old startup has raised four previous funding rounds, including a $571,025 seed round in 2018.

The round brings total funding raised by Chicago companies in agriculture and farming over the past month to $15 million. The local agriculture and farming industry has produced five funding rounds over the past year, securing a total of $21 million in venture funding.

In other local funding news, payments company CardX announced a $2 million debt financing funding round on August 26, financed by Pace Financial Group.

According to Crunchbase, "CardX® is a Chicago, IL-based technology company that provides credit card acceptance solutions to businesses, government, and education. CardX passes on the credit card fee and enables the customer to choose a lower-cost option, making payments more fair for everyone. As the #1 name in this growing field, CardX continues to innovate at the leading edge of technology and compliance."

The company also raised a $2.1 million Series A round in 2017.


This story was created automatically using local investment data, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.