The Colorado-based startup is targeting big players in the food system to recapture lost food at scale while offering end-to-end logistics. It closed this top-up ahead of a larger Series B in the near future.
"Several departments and colleagues within Maersk will look forward to exploring opportunities with ImpactVision," Peter Jorgensen, venture partner at Maersk told AgFunderNews.
Ninjacart aims to increase farmers’ incomes, reduce food wastage, introduce competitive prices for retailers, and ensure quality food for all consumers. But how can this benefit Syngenta?
"We have realized that some companies have gone down the wrong path by adopting the approach of inventing the problem. They find a technology that's exciting and try to force-fit that technology for a problem that they don't have, Suresh Sundararajan tells AgFunderNews.
Few of us get excited by the operational minutia and complexities involved in the food supply chain, yet those operational details are where the magic, or lack thereof, happens, writes Noemie Delfassy.
Clear Labs, a Californian startup using next-generation sequencing (NGS) to test food for dangerous pathogens like Salmonella, has raised $21 million in an extension to its Series B round.
The advent of NGS, most notably developed by Illumina for cancer genomics and newborn screening, brought down the cost of genetic screening in the healthcare industry, as well as the time tests took, and now the same is happening for food.
The selected startups include packaging tech, marketplaces connecting farmers directly with retailers, innovative storage solutions and advanced analytics to optimize food supply chains.
Maersk has received 850 pitch decks so far this year, according to Peter Jorgensen who says the company’s investment initiative gives it the chance to make a positive difference as a large corporate, not just a provider of funds.
Building on the positive learnings of the 1st edition, the 2nd edition of FoodTrack by Maersk will commence in November 2018 and Maersk is currently accepting applications from agrifood tech startups to take part.
The investment round was led by Viking Global Investors, an American-based hedge fund based in Greenwich, Conn., with participation from Andreessen Horowitz, Upfront Ventures and S2G Ventures.
Despite being the world’s most globalized industry, agriculture is extremely inefficient, write Abi Ramanan and Gustav Nipe from hyperspectral imaging with machine learning for food companies startup ImpactVision.
We caught up with three foodtech startups at the United Fresh Show to find out how produce distributors, packers, and shippers are adopting new technology.
From a total 310 applications, of which they evaluated 188, startups from 10 different countries operating across the food chain were selected to join the program next month.
Described as a ‘game changer’ InspiraFarms' technology consists of modular cold storage and food processing units, which run on off-grid renewable energy and aim to increase farm incomes by 40%.
We caught up with Emma Weston, cofounder and CEO of AgriDigital, on the sidelines of the recent World Agri-Tech Innovation Summit to discuss how she sells blockchain technology to different rungs in the supply chain with various levels of fluency, and where new traceability technologies should ultimately be headed.
After photographing strawberries, the AgShift app tells the user what the percentage of red is in the photo, which speaks to how much shelf life is left.
Modern slavery is back at the top of concerned consumers minds and new agrifood tech startups and some established players are working to shine a light at the very bottom of the supply chain.
