Montreal, Quebec - ChrysaLabs, a leading provider of innovative IT services and IT consulting solutions in the field of precision agriculture is thrilled to announce the successful completion of its Series A funding round, raising a remarkable $15 million. The round was led by prominent investors including Fonds Ecofuel | Ecofuel Fund, TELUS, BDC, AQC Capital, and Koan Capital Corp. This substantial investment will enable ChrysaLabs to further enhance its cutting-edge soil mapping technology and expand its market presence.

ChrysaLabs is dedicated to transforming the landscape of precision agriculture by providing real-time soil mapping solutions. The company firmly believes that the key to precision agriculture lies in obtaining fast and accurate soil nutrient and soil health data. To accomplish this, ChrysaLabs has developed a portable probe that can swiftly measure soil nutrients and health, delivering precise information within seconds to producers and agronomists. Remarkably, this real-time data is obtained with the same level of accuracy as traditional laboratory analysis.

Traditional soil analysis methods often suffer from delays between soil sampling and the availability of results. ChrysaLabs addresses this critical issue by offering instantaneous insights, eliminating any time gaps between sampling and decision-making. By utilizing the ChrysaLabs management platform, agricultural workers can conveniently access and analyze data, enabling them to take immediate and informed actions.

"At ChrysaLabs, we firmly believe that there should be no compromise between the amount spent on soil analysis and the efficiency of agricultural actions," said Samuel Fournier, Co-Founder of ChrysaLabs. "Our portable probe empowers producers and agronomists to sample the soil as frequently as desired. By collecting more data, we enable more precise actions, enhance the management of soil nutrients and fertilizers, and ultimately improve soil health."