Karnott offers a connected, autonomous device that geolocates agricultural equipment (tractors, trailers, seeders) and records operations performed on plots, with data accessible on computers and smartphones. The solution is compatible with all brands and operates automatically. The company plans to use recent funding to grow its team and accelerate international development. At the time of the article Karnott employed 24 people and planned to recruit 10 more for marketing, business development, and customer success. The startup secured venture funding to support those expansion plans. Karnott makes a case that can be fitted to old and new agricultural machines to collect usage data and centralizes that information on a web platform. The product is designed to trace all operations in one click and save time for farmers who use an average of 15 to 20 machines, sometimes sharing equipment with others. Founded in 2016 and based in Lille, the company positions itself as a tool to simplify farm operations and record machinery usage. Karnott says it will use new funding to recruit about a dozen employees and accelerate commercial development in France. The startup also plans to begin international expansion, noting contacts in England, Germany, Switzerland and Australia. The founders state their ambition is for Karnott to become a leader in the industry.

Total raised

$4M

Funding rounds

2

Latest round

Equity

Latest activity

May 2018