American Robotics CEO Mozer said that the decision to raise a second seed round followed an overwhelming response from growers when the company released a video of its autonomous drone, Scout, in 2017.
Twenty Seventeen has been quite the year for the agrifood technology startup scene, with some of the largest-ever funding announcements on record. And we've been pretty busy at AgFunderNews too, nearly doubling our member and subscriber base to 55,000 and posting over 450 original articles.
It was an exciting year in farm technology, to say the least, with several exits and record deals set and then overtaken by even larger deals just weeks or months later. Check out the standout deals of 2017.
SlantRange, a US drone sensor manufacturer and imagery analytics provider using computer vision for agriculture, has won a contract with Bayer CropScience's crop breeding and research programs in the US.
Agriculture data has been a big disappointment for the majority of farmers, particularly in the US. But there is still much potential if approached the right way, according to Igor Ivanov and Ellen Czaika.
The potential for drones to revolutionize agriculture reached fever pitch in 2015, but there were soon signs that the technology may have been overhyped. Step-in the next generation of drone tech startups hoping to resolve the main painpoints.
Modern sensing instruments have advanced far beyond simple photographic film. Today’s devices measure light, radiation, and heat by capturing different wavelengths of the electromagnetic spectrum, writes Joe Byrum.
After just completing the Y Combinator accelerator program, North Carolina-based satellite imagery startup FarmShots has closed a seed round after attracting local angel investors. Founder Josh Miller said that keeping the investor base local avoided any potential investor demands to move the company to the expensive West Coast.