2024 was ‘a year of reckoning for agtech’
Arguably more important than fundraising is the need to build further trust with the farmers meant to be using agtech solutions.
Arguably more important than fundraising is the need to build further trust with the farmers meant to be using agtech solutions.
A defense spending bill just passed in the US Congress requires an unspecified national agency to conduct a risk assessment on DJI spray drones, prompting alarm bells among distributors.
Muddy Machines will use the acquired tech to assist with the ongoing labor shortages in global agriculture, specifically with berry crops.
“Cautious optimism” is warranted as deal values have increased for two consecutive quarters,” say PitchBook analysts.
“Fulcrum maybe isn’t the most trendy investor, but we care a lot about what has real impact on the farm.”
The industry is moving in the right direction, said various growers, startups, agribusinesses and investors polled by AgFunderNews.
Farm automation faces a trust and manufacturing barrier that investment money alone cannot overcome.
If lawmakers are genuinely concerned about security, says DJI, they should develop technology-based data security standards that all drone operators and manufacturers must follow, regardless of their country of origin.
“Our goal is to become the epicenter for unmanned aerial systems in the agricultural space,” says Kelly Hills CEO Lukas Koch.
Funding will go towards developing new AI capabilities as well as expanding the Monarch Tractor brand in the US and globally.
Ag spray drone distributors have formed a coalition to urge lawmakers to reconsider plans to restrict the US activities of Chinese drone maker DJI Technologies and say alternative approaches could address potential security concerns.
The House version of the 2025 defense spending bill includes provisions targeting Chinese firm DJI, the market leader in ag spray drones in the US. The Senate version does not. So what happens next?
The 2024 Salinas Biological Summit unpacked the many ways in which the ag biologicals industry is adapting to a changing environment.
“If we had American-made drones using American-made parts with American-made software that were as affordable and as good as DJI, we wouldn’t have an issue,” says Russell Hedrick. “But right now, they don’t exist.”
Proposed legislation targeting Chinese drone maker DJI Technologies could have a devastating effect on US agriculture, claim firms supplying the drones to farmers.
Grand Farm aims to facilitates collaboration and research between groups to develop local agtech with applications for global agriculture.
The Amatelas Farm will increase production of Oishii’s popular Koyo Berry.
Niqo will use new funding to expand its spot-spraying tech across India and into horticulture markets around the world.
Neatleaf’s CEO and co-founder talks ag robotics, scaling a hardware startup, and why it started in cannabis.
Funding into Australian agrifoodtech startups fell 33% last year according to AgFunder data… But it could have been worse: global agrifoodtech funding fell 49% over the same period.