A.D : Generally speaking, having competition is a good sign, confirming there is a market. On top of this, having such large groups interested by agriculture is really great. It highlights the importance of the sector and boosts the whole industry. Hopefully, it not the kind of market where the winner takes it all, like Facebook or Airbnb. Farming machines industry is closer to the automobile market where you have quite a large number of competitors -of different size- “sharing” this market.

What we are developing takes a lot of time as we work with nature and seasons. You can’t just pull plants to make them grow faster. And I can understand that it can be seen as a weakness compared to other industries. On the other hand, it is a great entry-barrier, as you can’t catch-up by just adding a lot of resources. Building plants databases to train algorithms takes time, testing in fields with real plants takes time, etc. We were among the first working on these technologies, and we still invest a lot of our resources to keep this leadership.  

A.D : It has been honestly more complicated than we thought. Since March, we have seen a clear shift in the investor community, putting on hold potential investments outside their companies portfolio. As we were supposed to launch our fundraising at that time, we decided to postpone it for a couple of months and to focus on continental investors, for practical travel reasons. Our chance is to have already great investors on board our adventure, who supported us during this more complicated times.