AgriSynth

AgriSynth is a UK company with a global vision. We create synthetic images used to train AI vision systems for use in agriculture.

 

Our synthetic image creation engines produce biologically accurate images of complex agricultural crop scenes. They include crop, weed species, pests and diseases on the leaves of the crop, and soil backgrounds with objects like stones.

 

This is a breakthrough. Currently, training an AI vision system required images collected from the real world, using a camera, season after season to show all the variables year after year. Even worse, every image must be manually ‘labelled’, like colouring in every object in every image! That way the AI model could learn what each object was.

 

AgriSynth generates synthetic images on demand, all perfectly labelled.

 

AgriSynth is a small startup, but we’re talking to some big people!

AgriSynth Ltd.
20%

Target

£250,000

Raised

£50,000

Minimum

£10,000

  • Our technology has the potential to revolutionize how agricultural problems are researched and solved.
  • We have a strong team with vast experience in the key sectors required.

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About Us

AgriSynth is a UK company with a global vision. We create synthetic images used to train AI vision systems for use in agriculture.

 

Our synthetic image creation engines produce biologically accurate images of complex agricultural crop scenes. They include crop, weed species, pests and diseases on the leaves of the crop, and soil backgrounds with objects like stones.

 

This is a breakthrough. Currently, training an AI vision system required images collected from the real world, using a camera, season after season to show all the variables year after year. Even worse, every image must be manually ‘labelled’, like colouring in every object in every image! That way the AI model could learn what each object was.

 

AgriSynth generates synthetic images on demand, all perfectly labelled.

 

AgriSynth is a small startup, but we’re talking to some big people!

AgriSynth Ltd.
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Investment Highlights

1.Raised £335,000 with HNWI’s using SEIS and EIS Advance Assurance


2.Won a rare Innovate UK Smart Grant worth £474,000 to solve the major problem of identifying a grass weed in wheat, a problem that costs the UK £400 mill


3.Won two Global Incubator Programs from Innovate UK Edge; one for Canada and a recent second one for Australia, aimed at setting up strategic relationships in those areas


4.European Patent Pending for the software process we use to train AI vision systems


5.5 Proof of Concepts with clients which we plan to lead onto long term commercial contracts


6.Focusing on 4 major verticals in agriculture: robotics, grain, R&D and Vertical Farming, markets that have growth potentials up to 27.3% CAGR


7.Revenue planned for March 2028 based on 150 clients at an annual fee of £220,000 totalling £32 mill (~5-7% of market value)


8.Attractive ROI potential with current valuation at £5 million post money and projected 2028 valuation of 8 to 10 x revenues

Vision and Value Proposition

AgriSynth Ltd.

AgriSynth, where innovation meets agriculture.

 

Vision
To change agriculture by using AI vision systems to support productivity in a sustainable manner


Mission
To drive the use of synthetic imagery as the future norm for training AI models in agriculture, helping farmers grow food on a more productive and sustainable basis


Value Proposition
Gain control of training AI models using predictable synthetic images, reducing training from years to weeks and saving significant costs
Enhanced vision systems are a game-changer, enabling many opportunities. They can advance Precision Agriculture, currently stalled at treating only parts of fields. We can now move towards treating individual plants and even parts of plants.


Out image creation engines can create plant scenes as well as objects like disease lesions on plant leaves, water droplet on leaves mimicking the real world but without all of the problems year after year.

AgriSynth, where innovation meets agriculture.

 

Vision
To change agriculture by using AI vision systems to support productivity in a sustainable manner


Mission
To drive the use of synthetic imagery as the future norm for training AI models in agriculture, helping farmers grow food on a more productive and sustainable basis


Value Proposition
Gain control of training AI models using predictable synthetic images, reducing training from years to weeks and saving significant costs
Enhanced vision systems are a game-changer, enabling many opportunities. They can advance Precision Agriculture, currently stalled at treating only parts of fields. We can now move towards treating individual plants and even parts of plants.


Out image creation engines can create plant scenes as well as objects like disease lesions on plant leaves, water droplet on leaves mimicking the real world but without all of the problems year after year.

The Problem

230,000 MORE MOUTHS TO FEED EVERY DAY

 

Current agricultural practices are insufficient to meet this escalating demand for food. We must make agriculture more productive but in a sustainable manner using existing farmland. No more deforestation!

 

We must propel the dream of Precision Agriculture to its natural conclusion and that’s farming individual plants, not whole fields or even parts of fields.

 

And to achieve that, we need vision systems trained on vast numbers of synthetic images, covering all real-world scenarios.

 

In turn, those vision systems will support drones, robots, R&D and all other aspects of agriculture to compliment or even replace human eyes and intellect, farming plants or even leaves.

 

Currently AI systems are trained on real-world images, painstakingly captured year after year and manually labelled, clumsily and inaccurately. That’s why today, agriculture doesn’t have high quality vision systems.

 

So, without AgriSynth, we will struggle to feed those people.

Target Market and Opportunity

Precision Agriculture
A concept introduced around 35 years ago, attempting to increase the resolution at which we make decisions and treat crops. Whilst advances have been made, we have got nowhere near the newer dream of treating individual plants and leaves. Robotic hardware, satellite localisation and treatment methods are not limiting this new dream, but robust AI models for vision systems are.

 

Vertical Farming
In all its forms, this market is growing rapidly. The tolerance for any pest, disease, disorder or dirt on any leaf is zero, and vision systems will have an increasing role to play.

 

Labelling companies
Such companies rarely consider agriculture but when they do, we will offer them a solution. Currently they accept real world datasets from customers and label them using basic methods and labour in Asia. The labelling is poor and so therefore are the AI models trained on that data. These companies could pivot to synthetic data and supply trained AI solution with the support of AgriSynth, for any plant or grain-based images.

 

Augmented Reality
Imaging walking through a crop or down a country lane and having spectacles light up every plant species, pest disease or object. The possibilities here are almost limitless.

AgriSynth Ltd.

The Solution

Being more attentive to detail in crop production is known to produce dramatic benefits. For example, world records for wheat are 4 times the UK National average yield. It’s that attention to detail that provides the benefits.

 

Using a vision system trained with synthetic images enables the production of robust AI models in agriculture. Such AI models can ‘see’ and interpret individual plants and further AI models can determine the best individual treatment. The vision system is key and that’s what AgriSynth is delivering.

 

AgriSynth can help robotics companies (around 300 globally today and increasing), R&D field trials (billions of plots around the world), crop protection product development, grain quality analysis and Vertical Farming, to open doors into new markets, extend their services to a wider range of farmers, and allow those farmers to increase productivity in a sustainable manner.

 

AgriSynth makes the dream of individual plant and leaf analysis and treatment a reality!

Business Model

As an emerging technology our mission is to drive the use of synthetic imagery for training AI models.


We will market trained AI models under a licensing revenue model where possible and move to a ‘pay per identification’ revenue model eventually. Alongside that we will offer a subscription approach for clients needing image datasets and in some specific instances enter into a revenue sharing agreement where start-up clients lack cash early in our engagement.

 

These revenue models are being initiated through paying Proof of Concept engagements. This allows our new clients to gain confidence in the paradigm shift that our new technology offers them.

AgriSynth Ltd.

Traction and Validation

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Raised £335,000 with HNWIs and met with several supportive VC companies who we will receive support from in the future when we have further demonstrable revenue.
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Won a major Innovate UK Smart Grant worth £474,000 to solve a £400 mill UK problem. We have delivered a vision system that can do just that
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Won two Global Incubator Programs, one for Canada and one recently for Australia resulting in more validation and our first customer.
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Recent direct market research and engagement with agri-robotics industry has led to 2 times above average response (above 60%).
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Selected 5 key clients to begin a structured Discovery and Proof of Concept engagement approach, stepping towards ongoing commercial contracts.
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Recent engagement with European Space Agency and world renown SRI International, representing interest from the cream of technical Innovation.

Marketing and Sales Strategy

AgriSynth is focusing on 4 verticals as its target markets. Agricultural Robotics, Agricultural R&D, Grain Quality Control and Vertical Farming. Each of these markets is forecasted to have strong growth over the next 5 years with CAGR ranging from 6.2% to 27.3%.


Current PoC’s that are in the company’s pipeline cover 3 or these 4 markets (Vertical Farming will be engaged in Q3 2024).

Team

AgriSynth Ltd.
Colin Herbert
Founder, CEO

Biologist, Agronomist, International Change Manager

  • Agricultural expert – BASF, Novartis, Syngenta and others
  • Agronomy, National Marketing and Leadership roles
  • Senior-level manager, international collaboration in 34 countries
  • Business focused, technically competent, high-level Project/Change Manager
  • Range of industries, latterly pharmaceuticals and Clinical Trials
AgriSynth Ltd.
Gloria Vargas
CFO

Investment Banker, Financial consultant

  • 25 years’ experience in investment banking
  • Smith Barney, Dresdner Kleinwort Benson, JP Morgan, Merrill Lynch
  • Structured Debt & Finance  Optimisation; MD; France, Belgium, Spain, Portugal
  • Independent consulting work in UK, Middle East, United States, Europe, Bolivia
  • Company structuring, acquisitions, fund raising
AgriSynth Ltd.
Tom Devine
CTO

New breed of AI Engineer

  • 5+ years’ experience as a passionate machine learning practitioner
  • Deep Learning specialisation with Andrew Ng @ DeepLearning.ai
  • Wide experience in data science techniques to commercial problems
  • Experience in wide variety of sectors (retail, travel, restaurants)
  • Experience in early stage start-ups, scale-ups and large corporations
AgriSynth Ltd.
Greg Lukosek
Lead Architect & Developer

3D development modeller

  • The most experienced, specialised modelling team in the industry
  • Written many books on this area of development
  • Leads teams worldwide
  • Developed countless cross-platform games
AgriSynth Ltd.
Jennifer Stirrup
Data & AI Advisor

Top 50 Global Data Visionary

  • Most influential Top 50 Women in global technology
  • Fortune 100 global speaker
  • Authored 4 books in data and artificial intelligence
  • Featured on CBS Interactive and the BBC
  • Founder and CEO of Data Relish, premier UK Data/AI consultancy
AgriSynth Ltd.
Joshua Uwaifo
AI Engineer

Published international researcher

  • Experience with Electronic Arts, FIFA, Meta Reality Labs and more
  • Machine Learning Tutor at Edinburgh University
  • ML consultant at Earlybird Venture Capital
  • Intern at Cleveland Clinic, Abu Dhabi
  • Wide experience in AI in imagery
AgriSynth Ltd.
Jonathan Hancock
Lead Investor, Director

Investment Banker, Lead Advisor and Mentor

  • Head of Regional Sales/Trading / Director
  • Warburg Securities , Dresdner Kleinwort Benson, HSBC, Mirae, Nomura
  • Private investor – Property / EdTech / FinTech
  • UK Property Development mentor; EdTech board member
AgriSynth Ltd.
Bertrand Beghin
Investor, Funding & Placement Advisor

Investment Banker, Financial consultant

  • 20 years’ experience in capital markets, equity derivatives
  • 10  year’ experience in impact finance
  • Founder of Square Change, a consulting firm for profit for purpose entities
  • Co-Founder of Numbers for Good, financial consulting with 300 charities
  • Director at Deutsche bank strategic Equity Transaction Group

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