# Nileworks

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/nileworks

- Industry: Agribusiness
- Headquarters: Tokyo, Japan
- Website: www.nileworks.co.jp
- Total disclosed funding: $16M
- Latest round: Series C (Mar 14, 2019)
- Investors on record: 6

## About

Nileworks Inc., based in Japan, specializes in agricultural technology, providing innovative solutions for crop management through automated drone systems, enhancing efficiency for farmers in crop treatment applications.Founded in 2015 and headquartered in Tokyo, Japan, Nileworks Inc. develops advanced agricultural technology solutions. The company has successfully completed 4 deals, with the most recent funding round being Series D conducted on January 23, 2023. They raised JPY 313 million from Yamaha Motor and Sumitomo Corporation, which brings their total amount raised to JPY 313 million with a current valuation of JPY 3,328.63 million.Nileworks specializes in agricultural technology, primarily offering advanced solutions for crop management through automated drone systems. Their flagship product, the "Nile-JZ Plus," is a fully autonomous agricultural drone designed for efficient pesticide and fertilizer application, allowing users to operate it with minimal training. This drone utilizes proprietary close-range imaging and data analysis technologies to facilitate precise data collection on large plant populations, aiding in breeding and research advancements. Nileworks addresses critical issues faced by farmers, including labor shortages due to aging populations and the need for sustainable agricultural practices. The company's solutions are particularly targeted towards the Japanese agricultural market, but they aim to expand into various regions that face similar agricultural challenges globally.Nileworks generates revenue primarily through the direct sale of its agricultural drones and associated services, which include training and support for users. Transactions typically involve B2B arrangements where agricultural cooperatives and individual farms purchase the drones for operational efficiencies, coupled with software subscriptions for data analytics. The revenue model may include initial purchase costs for the drones along with recurring fees for software updates and technical support. By leveraging partnerships with agricultural organizations and municipalities, Nileworks enhances its client base, ensuring ongoing engagement with end-users through educational programs and hands-on demonstrations. The firm’s commitment to sustainability and innovation positions it favorably within the growing agri-tech sector.In January 2023, Nileworks Inc. raised JPY 313 million in Series D funding from Yamaha Motor, with returning investor Sumitomo Corporation also participating. The funding will be utilized for the development of their aircraft design and cloud data services, as well as to enhance sales. The company is focused on launching new products aimed at improving agricultural efficiency and is exploring expansion into additional markets that face agricultural challenges, aiming to implement these strategies in the coming years.

## Funding rounds

- Series C, Mar 14, 2019, $16M — Sumitomo Corporation, Sumitomo Chemical, INCJ, SPARX Group, Drone Fund, Kumiai Chemical Industry Co., Ltd.

## Investors

- Sumitomo Corporation — Series C
- Sumitomo Chemical — Series C
- INCJ — Series C
- SPARX Group (https://capitalatlas.ai/funds/sparx-group) — Series C
- Drone Fund (https://capitalatlas.ai/funds/drone-fund) — Series C
- Kumiai Chemical Industry Co., Ltd. — Series C