Saturnalia Secures €600,000 in Funding to Revolutionize Agriculture and Insurance with AI

Saturnalia, an Italian company focused on artificial intelligence and satellite data for the agriculture and insurance sectors, has successfully completed a capital increase of €600,000. The funding round was spearheaded by Farming Future, the Agrifood Tech National Technology Transfer Hub, promoted by CDP Venture Capital SGR in conjunction with ToSeed Partners. Saturnalia has developed a digital platform enabling advanced agricultural monitoring and automated climate damage analysis. The platform leverages satellite data and AI models to offer two primary benefits: aiding insurers in quick damage assessment, cost reduction, error minimization, and risk analysis; and assisting producers in continuous crop monitoring and resource optimization. The funding is aimed at enhancing AI models, expanding international presence, and simplifying risk management. The platform is already operational and used by insurers and agricultural businesses across Europe. With this investment, Saturnalia plans to integrate additional functionalities and forge strategic collaborations internationally.