BX Technologies Limited, a London-based AI-powered climate tech company, is paving the way for a more sustainable food and drink industry by focusing on decarbonizing supply chains. Leveraging primary farm data and advanced artificial intelligence algorithms, BX enables farmers to access crop and field-specific insights for reducing carbon emissions. These insights are subsequently shared with retailers, empowering them to build planet-positive supply chains and achieve their ambitious 2030, 2035, and 2040 carbon targets.
Recently, BX Technologies celebrated the successful closing of its late seed funding round, raising a total of £1,590,000. The funds came from existing investors like Counteract, a carbon removal venture capital firm, and new US investors. CEO Ben Bardsley expressed his delight at this milestone, attributing the successful capital raise to the company’s compelling proposition and positioning within the climate tech industry. He also highlighted the increasing interest from early adopters worldwide, emphasizing their vital role in the sector.
Matt Isaacs, Managing Partner of Counteract, acknowledged the critical role of the food and agriculture sector in combating climate change and the need for technology to transition to climate-friendly practices. He praised BX Technologies and its team for their impressive progress in addressing this challenge, foreseeing the company’s potential to become a significant player in this emerging market.
BX Technologies’ innovative solution is timely, as the food production industry is responsible for 37% of global CO2 emissions. The company’s technology provides transparency in terms of food origin and reveals the environmental impact of food production processes. This end-to-end environmental credentialing empowers consumers to make more informed, environmentally conscious purchasing decisions based on verified on-pack labeling.
The introduction of the ‘BX Score,’ a single metric for measuring environmental impact, is quickly gaining traction across the global supply chain. As BX Technologies continues to expand its reach, it is positioning itself as the ‘Experian of Farming,’ revolutionizing the food and drink industry’s approach to sustainability and decarbonization.
Ben Bardsley – CEO of BX Technologies Ltd. Former Army Officer, injured in Afghanistan, turned fruit farmer, turned Tech CEO, announces the successful raise of £1.5m to decarbonize the food and drink supply chain. (Photo: Business Wire)