Ricult Inc.
Ricult is a US-based social enterprise founded by MIT alumni that leverages AI and satellite technology to simplify compliance with the EU Deforestation Regulation (EUDR) for businesses in the rubber and palm oil industries. Their innovative solutions provide automated data collection, deforestation detection, and comprehensive traceability, enabling companies to meet regulatory requirements while promoting sustainable practices. With a focus on smallholder farmers, Ricult's technology enhances supply chain operations and supports sustainable growth, positioning the company as a leader in the intersection of Agtech and Fintech.
Ricult Inc.
Ricult is a US-based social enterprise founded by MIT alumni that leverages AI and satellite technology to simplify compliance with the EU Deforestation Regulation (EUDR) for businesses in the rubber and palm oil industries. Their innovative solutions provide automated data collection, deforestation detection, and comprehensive traceability, enabling companies to meet regulatory requirements while promoting sustainable practices. With a focus on smallholder farmers, Ricult's technology enhances supply chain operations and supports sustainable growth, positioning the company as a leader in the intersection of Agtech and Fintech.
TL;DR
Sector: Agritech / Agri-fintech
Core product: Farmer-facing mobile apps and RicultX farm-management / analytics
Headquarters: Boston, MA, USA
Founded: 2015
Employee count: 26
Total funding (reported): USD 6,450,000
Company Overview
Problem Domain
Smallholder farmer support, supply-chain traceability, deforestation detection and regulatory compliance for agricultural commodities.
Founded
2015
Industry
Agritech
Funding Track Record
3500000.00
Ricult announced a $3.5M Pre-A round.
2000000.00
Pre-Series A round reported to support Thai market expansion and product development.
1850000.00
Seed round reported with participation from multiple investors.
Investor Signal
“Sojitz Corporation; elea Foundation for Ethics in Globalization; Bualuang Ventures; Krungsri Finnovate; Bill & Melinda Gates Foundation; Wavemaker Partners; dtac Accelerate; 500 TukTuks”