Remote Agronomy Outfit Prospera Secures $7 Million Investment

Machine learning company Prospera announced today a Series A investment of $7 million led by Bessemer Venture Partners. The funding will be utilized to bring Prospera’s AI based solutions to more farmers and ag-businesses worldwide.

Prospera develops advanced techniques in deep learning, computer vision and data science, in order to transform farming from an intuition-based practice to an optimized data-based practice. With in-field cameras and climatic sensors, Prospera is the only company that offers uniquely accurate remote agronomy and management solutions to farmers around the world. These solutions empower them with real-time analysis on what is happening to their crops from a leaf by leaf basis to a multi-field multi crop basis, allowing them to tackle critical issues of underperforming fields caused by pests, disease, irrigation, nutrient deficiencies and sub-optimal agro-technical activities.

“The agriculture industry is a great candidate for applying pragmatic AI. Prospera is aiming to lead the way to making agriculture intelligent and efficient with technology by solving the key pain points of growers globally” said Daniel Koppel, CEO and co-founder of Prospera. “Recent breakthroughs in neural networks combined with the commoditization of cloud computing and sensors have made it possible for us to develop field-analytics solutions that predict and improve performance in a new and revolutionary way.”

The global agriculture economy is worth trillions of dollars, and it is far from performing efficiently and at its peak. With external pressures of a growing population and increasing environmental concerns, farmers must find ways to grow more sustainably and to optimize crop yield. Prospera’s technology provides a cost-effective and scalable solution, enabling farmers to grow in a more efficient and sustainable way; decreasing wasted crops, ensuring water, pesticides and fertilizers are used only as required, and enabling the maximum potential crop yield to be delivered to market. Already operational in medium to large greenhouse farms across Europe, North America, and Israel, Prospera’s technology is being used by farms that supply some of the largest grocery retailers in Europe and the US, including Walmart, Tesco, Sainsburys, and Aldi.

“Prospera is generating unique and proprietary data on crops at a level of granularity which never before existed in the agriculture world. Combining this unique data with some of the best experts in computer vision and machine learning has the potential to revolutionize the way we grow food” said Adam Fisher, at Bessemer Venture Partners. “As investments in AgTech are anticipated to continue rising this year, we are pleased to be working with this unique company that is optimizing crop yields based on proximal imaging and deep learning technology.”

Leave a Reply

Business Management Stories
GPS, Guidance
Business ManagementPromoting Precision Agricultural Innovation in a Risk Averse Marketplace
April 24, 2017
As precision agriculture consultants we constantly are being asked our opinions on where to invest, and how to strategically invest Read More
Business ManagementBionic Leaves: Future Source of Endless Fertilizer?
April 21, 2017
*Article Notes: This monthly column takes some crazy sounding ideas and applies them to the field of Ag Tech. The Read More
Ag Retailer and Grower WinField United
Business ManagementMirror Mirror on the Wall, Who is the Most Trusted Ag Advisor of Them All?
April 4, 2017
Who is the most trusted ag advisor of them all? It’s a question I think we’ve all heard before, mind you Read More
Erich Eller ForeFront Ag Solutions with Ag Eagle-drone
Business ManagementForeFront Ag Solutions: Going Beyond The Averages
March 22, 2017
He’s flying essentially solo these days with business support from his wife Jennifer, but Erich Eller has big dreams for Read More
Trending Articles
Data ManagementInnovation Series Highlights: The Weather Company’s Rob Berglund on Cognitive Computing
April 19, 2017
Rob Berglund, global director of sales, energy and agriculture at The Weather Company, discusses IBM’s Watson and applications for advanced analytics that will fundamentally change Read More
Corn close up
Data ManagementFarmers Business Network Releases State of the Industry Style Report
April 17, 2017
Farmer’s Business Network (FBN) released today its “The Voice of the Farmer”, a special research report on the state of Read More
Soybean Closeup
Ag Tech GlobalPrecision Agriculture Helps Brazilian Farmers Top 90-Bushel Soybean Yield
April 5, 2017
In the 2016/2017 harvest, the Mato Grossense Institute of Economics (IMEA) estimated that the largest soybean state in Brazil will Read More
Grower Retaile iPad
ProfessionalsField Scouting Apps Boost Efficiency, Speed
March 31, 2017
Scouting is one of the most critical services that ag retailers and consultants can offer their grower-customers. The need for Read More
Bruce Rasa corn AgVoice app
Data ManagementVoice-To-Data Tool Shows Promise For Scouting
March 24, 2017
See it, speak it, record it. No pens, no paper, no lost information. In a nutshell that’s what Bruce Rasa Read More
Downed Drone
DronesOpinion: The Agricultural Drone War Is Over, And They Lost
March 15, 2017
If you are late to the aerial imagery party and think that agricultural drones are the vehicle that are the Read More
Latest News
Nuffield Scholarship
Ag Tech GlobalNuffield: Promoting the Diffusion of Knowledge of Preci…
April 24, 2017
Recently, I had the opportunity to meet John Stevenson, a 2016 Nuffield Australia Scholarship winner.  As part of the scholarship, John Read More
GPS, Guidance
Business ManagementPromoting Precision Agricultural Innovation in a Risk A…
April 24, 2017
As precision agriculture consultants we constantly are being asked our opinions on where to invest, and how to strategically invest Read More
Case IH Autonomous concept vehicle
ProfessionalsOpinion: What the Heck is A.I. Going to do for Agricult…
April 24, 2017
Let’s pause from the daily toils of ag for a minute and start thinking about the future. In a very Read More
Imagery ipad
Imagery/SensingNew Opportunities with In-season Imagery?
April 24, 2017
When I think about precision agriculture my usual thoughts are around the continuous learning about the variability in a field. Read More
Data ManagementNew Partnership: Farmers Edge, Allied Cooperative Link …
April 24, 2017
Farmers Edge announced it has partnered with Allied Cooperative, a provider of agronomy, feed, grain, and equipment services to growers Read More
Retailer Grower Tractor
ProfessionalsAg Attorney: Sorry Right to Repair Advocates, But You&#…
April 21, 2017
(via AgLaw.us) This recent article on Motherboard is getting a lot of press: “Why American Farmers are Hacking Their Tractors Read More
ProfessionalsAgFunder: Clean Seed’s Wireless Smart Seeder is Set to …
April 21, 2017
(Via AgFunderNews.com) Heard of Clean Seed Capital Group? No? You will very soon because this Canadian company has been quietly Read More
Business ManagementBionic Leaves: Future Source of Endless Fertilizer?
April 21, 2017
*Article Notes: This monthly column takes some crazy sounding ideas and applies them to the field of Ag Tech. The Read More
Sentera software
Decision Support SoftwareSentera Launching Field-Edge Plant Population Analysis …
April 20, 2017
Sentera is excited to announce the launch of its closed beta for field-edge Plant Population Analysis, available through its AgVault Read More
Data ManagementFarm Market iD Launches Sales & Marketing Platform
April 20, 2017
Following Farm Market iD’s February 2017 introduction of FieldVision, its mobile data-delivery platform, the company announced today its newest online Read More
Data ManagementInnovation Series Highlights: The Weather Company’…
April 19, 2017
Rob Berglund, global director of sales, energy and agriculture at The Weather Company, discusses IBM’s Watson and applications for advanced analytics that will fundamentally change Read More
Data ManagementInnovation Series Highlights: EFC Systems & 5 Facto…
April 19, 2017
Ernie Chappell of EFC Systems discusses five factors impacting the ag retail industry, the competitive advantages of enhanced customer engagement Read More
Moo monitor
Sensors/IoTUsing IoT to Increase Efficiency, Productivity for Live…
April 19, 2017
When it comes to managing livestock and feed, the goal for every farmer is to be as efficient and productive Read More
corn field
Ag Tech GlobalPrecision Ag Technology Making a Difference in Brazil
April 19, 2017
Editor’s note: Rodrigo Trevisan is Coordinator of Precision Agriculture at Terra Santa Agro in Brazil, where he is responsible for the development Read More
Precision Application Field sprayer
Tools & Smart Equipment5 Ways Precision Application Is Creating Opportunities …
April 19, 2017
Throughout the years, precision agriculture has facilitated improvements to farming equipment, from auto-steer on combines to variable rate seeding on Read More
Ag Tech GlobalGrowingProduce.com: BASF Licenses CRISPR-Cas9 Technolog…
April 18, 2017
(Via GrowingProduce.com) BASF recently announced that it has reached a global licensing agreement with the Broad Institute of MIT and Read More
Ag Tech GlobalGrowingProduce.com Analysis of Recent Farm TED Talks
April 18, 2017
The up-and-coming generation of farmers, and those following them, will face some big questions as they span their careers, writes Read More
Corn close up
Data ManagementFarmers Business Network Releases State of the Industry…
April 17, 2017
Farmer’s Business Network (FBN) released today its “The Voice of the Farmer”, a special research report on the state of Read More