# Ecoation Innovative Solutions

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ecoation-innovative-solutions

- Industry: Software
- Headquarters: North Vancouver, Canada
- Website: www.ecoation.com
- Total disclosed funding: $6.4M
- Latest round: Seed (Apr 1, 2019)
- Investors on record: 4

## About

Ecoation Innovative Solutions, Inc. specializes in AI-driven agricultural technology, providing innovative solutions for integrated pest management and yield forecasting to greenhouse growers.Ecoation Innovative Solutions, Inc. was founded in 2010 and is headquartered in North Vancouver, Canada. The company focuses on developing advanced technology for agricultural applications. The CEO and founder, Saber Miresmailli, has a notable background in entrepreneurship. As of August 2021, Ecoation raised CAD 3.9 million from Agriculture and Agri-Food Canada, bringing the total amount raised to CAD 3.9 million through 5 deals.Ecoation offers a comprehensive AI-driven platform designed for integrated pest management (IPM) and yield forecasting, primarily targeting greenhouse growers. The core product, known as OKO, is a portable system that can be operated as a handheld device or mounted on greenhouse carts. Its functionality includes automated location tracking, high-quality data collection through image capture and analysis, and AI-driven models for fruit counting and classification. The platform is adaptable to various types of crops cultivated within commercial greenhouses, with current yield forecasting capabilities focused on tomatoes and bell peppers. Customers utilize this technology to enhance productivity, improve yield accuracy, and minimize pest outbreaks, ultimately aiming to ensure consistent revenue and operational efficiency. The company markets its solutions in North America, Europe, and other agricultural regions, catering to a diverse client base that encompasses commercial greenhouse operators and agricultural professionals.Ecoation generates revenue primarily through subscription-based models for its OKO platform, which includes distinct packages for IPM and yield forecasting. Clients select subscription plans tailored to their specific greenhouse needs and then purchase OKO units for their teams based on the size of their operations. The pricing structure is designed to provide flexible options, allowing customers to opt for individual services or comprehensive packages that combine both IPM and yield forecasting functionalities. This B2B model facilitates direct transactions between Ecoation and greenhouse operators, enhancing their ability to manage agricultural practices efficiently. The company emphasizes transparency in its offerings, promoting data-driven pest management solutions that align with the financial interests of greenhouse operators.In August 2021, Ecoation Innovative Solutions, Inc. raised CAD 3.9 million in venture funding from Agriculture and Agri-Food Canada. The company intends to utilize this funding to develop technology aimed at reducing pesticide use and minimizing crop loss. Ecoation is focusing on launching new products designed to enhance its existing offerings while also expanding into targeted agricultural markets, with plans to reach these new regions by the end of 2023.

## Funding rounds

- Seed, Apr 1, 2019, $5.4M — Pallasite Ventures, Creative Destruction Lab
- Seed, Mar 16, 2017, $1M — European Union, Vancouver Angel Forum, Creative Destruction Lab

## Investors

- European Union — Seed
- Vancouver Angel Forum (https://capitalatlas.ai/funds/vancouver-angel-forum) — Seed
- Creative Destruction Lab (https://capitalatlas.ai/funds/creative-destruction-lab) — Seed
- Pallasite Ventures (https://capitalatlas.ai/funds/pallasite-ventures) — Seed