NEC X
490 California Ave., 105, Palo Alto, CA, 94306, United States
Overview
NEC X is incubating and developing new businesses rapidly with cutting-edge technologies and capable talents, leveraging partnerships in the Silicon Valley ecosystem.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 3
Sector focus
- Consulting
- Information Technology
- Management Consulting
Investment portfolio
- Verdi Expeditions
Participated · Seed · May 2025
Verdi raised CAD$6.5M in seed funding to expand its irrigation automation offerings. The company, led by CEO Arthur Chen and based in Vancouver, provides modern automation tools and patented retrofit devices that automate irrigation and maintenance on existing farm infrastructure. Verdi says its technology helps farmers save labor, reduce inputs and increase yields and is used by the largest food producers. The company plans to use the funds to expand into new regions, advance its AI-powered platform and deepen relationships with major agribusinesses. Management frames these initiatives as driving automation at scale and building infrastructure for a more climate-resilient food system. The seed brings Verdi's total funding to CAD$9.5M. Verdi builds a scalable platform for farm automation and personalized plant healthcare, using intelligent devices that transform existing irrigation equipment into AI-powered systems. Its technology enables automated operations that boost crop and workforce productivity while reducing technology adoption costs. Verdi counts customers among the world’s largest food brands and in 2023 saved its customers over 30 million liters of water. Founded in 2020 by Canadian entrepreneurs Arthur Chen and Roman Kozak, the company is focused on scaling internationally. Verdi plans to enhance its AI capabilities and expand geographic reach through a strategic collaboration with NEC X and integration with NEC’s CropScope initiative. Entry into NEC X’s Elev X! Boost program is intended to provide capital, strategic partnerships and integrations with NEC’s tech ecosystem to accelerate growth.