Press release from February 05, 2024

Saxovent leads seed investment round for SpexAI and focuses on sustainable cannabis production through AI technology

Berlin, 05.02.2024: Berlin-based Saxovent Smart Eco Investments GmbH is adding a promising new member to its portfolio. The innovative startup SpexAI is revolutionizing legal cannabis cultivation with the help of a combination of artificial intelligence and high-resolution spectral cameras. Together with VIGO Ventures from Poland, TGFS Technologiegründerfonds Saxony and Alumni Ventures (AV) from the USA, Saxovent is the lead investor in the seed investment round, which is primarily intended to strengthen SpexAI’s personnel and infrastructure.

SpexAI has developed a revolutionary camera that takes cannabis cultivation to a new level by detecting pests, diseases and cannabinoid content at an early stage. With the help of artificial intelligence, the information is communicated to the responsible greenhouse operators and targeted measures are suggested using a digital crop consultant. This not only leads to considerable savings in resources, but also optimizes the harvest volume. Following the successful market launch, the company plans to expand its use to other plant species such as strawberries and tomatoes.

SpexAI’s founding team, consisting of technology-experienced CTO Ben Niehaus and CEO Nadine Walther, who specialises in HR and strategy, are combining their expertise to strengthen agriculture and use their technology to bring positive change in the agricultural world. The company was founded in Dresden in 2018 and already has customers in North America, the Netherlands and Australia.