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.
"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.
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.
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 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.