I caught up with Aric Olsen, president of Jain USA, are his most recent acquisition of ETWater, a weather data analytics and sprinkler control company using machine learning to measure the evapotranspiration rate of grass.
We can spend a lot of money on feed rations, but if the animal’s gut integrity is wrong because of bacteria in the water line, that nutrition is wasted and is also a welfare issue, says Barney Kay, head of agriculture at Tesco.
Global revenue risk from lack of water availability for irrigation or animal consumption has reached $459 billion. With figures like this, it’s no wonder that funds and corporations are hearing more concern about water from investors.
Further M&A activity from large agribusinesses like Jain is essential so we caught up with Observant to find out what pieces of advice the cofounder would give to farm-based agritech startups hoping to turn their businesses into acquirable companies.
CropX, the Israeli irrigation and sensor technology company, has raised a further $1 million towards its Series A round from strategic investors Robert Bosch Venture Capital and the Flextronics technology accelerator Lab IX.
Vilsack's visit to Cuba with Obama, lighting indoor lunar greenhouses, winners of a water innovation accelerator, and Mars joining the GMO labeling party are all featured in this week's Industry-in-Brief.