As we look ahead to the Forbes AgTech Summit later this week, we took a moment to reflect on GAI’s AgTech Week, which took place two weeks ago in San Francisco, to make a few observations on what’s happening in agtech.
Editor’s Note: AgFunderNews recently had the opportunity to speak with The Honorable Joe Gunter, Mayor of Salinas, on the relationship between agriculture and technology both in his home town and around the world.
According to the American Association of Port Authorities, “The United States is served by some 360 commercial ports that provide approximately 3,200 cargo and passenger handling facilities.” Food and farm products, including wheat and wheat flour, corn, soybeans, rice, cotton, and coffee are listed among the leading commodities shipped for domestic and foreign trade through U.S.
As the world population continues to climb, so does the demand for food. With a finite amount of arable land, keeping up on the supply side is a major challenge for farmers located in certain regions of the world.
A new investing and finance rule that will provide more opportunities for startups to attract early-stage capital and more options for investors to get involved in the space took effect last Friday.
Smart irrigation company CropX has announced a $9 million Series A round led by Innovation Endeavors, Finistere Ventures, GreenSoil Investments. Prior backer OurCrowd also participated in the round. CropX uses wireless sensors and big data to help farmers conserve water used in crop growing operations.
Microbial DNA maker Zymergen recently announced a $42M Series A led by Data Collective, with a group of investors participating, including AME Cloud Ventures, Draper Fisher Jurveston, HVF, Innovation Endeavors, Obvious Ventures, True Ventures, and Two Sigma Ventures.
Food retailers have been hot on the trail of new ways to help consumers stock their pantries and refrigerators. Using platforms similar to Amazon, many have turned to the internet to provide shoppers with a digital supermarket and fast delivery.
Editors Note: AgFunderNews recently had the opportunity to speak with Mitchell Presser, a GAI Innovation Advisory Board Member and Head of U.S. Mergers and Acquisitions for Freshfields Bruckhaus Deringer, regarding his perspective on the relationship between private equity investment and the growth of agtech, a topic that he will be speaking on at the upcoming GAI Conference in San Francisco, running from Monday June 22 to Wednesday June 24.