AgNext Technologies, an Emirati company specializing in agri-tech solutions, has received a strategic investment from the Swiss Hashgraph Group.
The company, which develops AI-powered food quality assessment technologies and blockchain-based tracking systems, operates across India, Europe, the Middle East, and the United States.
This new investment follows AgNext’s successful Series A funding round in 2021, which raised $21 million led by Alpha Wave Incubation—supported by DisruptAD, the investment arm of Abu Dhabi’s sovereign fund ADQ. That round enabled the company to open its first international office in Abu Dhabi.
AgNext plans to integrate the Distributed Ledger Technology (DLT) from the Hedera platform into its systems. This integration aims to ensure complete transparency and traceability in global food supply chains, ultimately reducing costs and cutting food waste—an issue estimated by Boston Consulting Group to cost around $230 billion annually.
Commenting on the partnership, Taranjit Bhamra, CEO of AgNext, stated that the collaboration will bolster their quality assurance frameworks and establish robust transaction systems for the agri-food sector.
Stephan Dais, CEO of Hashgraph Group, added that the two companies will work together on developing solutions that merge AI and blockchain technologies for agricultural innovation. Under a new joint project established in Switzerland, they will also provide customers with integrated devices powered by Hedera.
