Ag Tech Startup Farmobile Raises $18M Round for Global Expansion

Ag tech company Farmobile has reaped a substantial Series B funding round that positions the firm to rapidly accelerate across the world, reports Bobby Burch on StartlandNews.com.

The Overland Park, KS-based company announced Friday that it raised $18.1 million to expand its data platform to help farmers mitigate risks and generate a revenue from the data they own.

The round includes Anterra Capital, AmTrust Agricultural Insurance Services and other undisclosed investors. The new funding pushes the firm’s total capital raised to more than $28 million.

The platform aims to empower farmers to make better choices and to grow their operations, CEO Jason Tatge said.

“Our customers continue to tell us Farmobile’s data as a service platform is the best way to collect, organize, share and sell their agronomic and machine data,” Tatge said in a release. “Our mission is to make sure farmers, worldwide, have access to a cost effective strategy to collect, protect and own their digital assets with a clear path to ROI opportunities.”

Founded in 2013, Farmobile created a device — a Passive Upload Connection (PUC) — that plugs into a tractor’s diagnostic port to collect a variety of data useful to farmers and ag operations. Not only does the data provide information for farmers’ decisions on planting, spraying, fertilizing harvesting and more, it can be sold to third parties via Farmobile’s data marketplace.

Read more at StartlandNews.com.

Leave a Reply

Data Management Stories
Farm-Storm-Clouds-Photo-Eden-Hills
Data ManagementThe Precipitation Problem in Agriculture
April 17, 2018
Precipitation is arguably the most important agricultural weather parameter, yet it is the most difficult variable to precisely measure. For Read More
Facebook-phone
Data ManagementWhat Lessons Can the Ag Industry Learn from the Facebook Data Breach? How to Tell if Your Ag Data is Secure
April 12, 2018
Today, a seemingly endless amount of ag data flows from growers’ fields into a host of technology platforms. It is Read More
Data ManagementREPORT: Bayer’s Digital Farming Business Slated for BASF Takeover
April 11, 2018
Germany’s Bayer plans to sell its digital farming business to BASF as part of changes to concessions it has offered Read More
Grower Retaile iPad
Data ManagementRobust Crop Scouting Requires Advanced Data Collection
April 2, 2018
Disclaimer: I have never been a crop scout. My intolerance for insects insinuating themselves in places that are competing for Read More
Trending Articles
SDSU-drone
Business ManagementInside the Key Strategies For Selling Precision Ag Services
April 13, 2018
In its earliest manifestation, the motive for developing precision agriculture service was entirely pure. Agronomists knew that crops were responding Read More
CROO Robotics’ automated strawberry harvester
Robotics/Labor SaversSpecialty Crops: Get in Gear Now for Agriculture’s Robotic Revolution
April 11, 2018
While the immigration debate rages on in Washington, DC, with little chance for reform in sight, the uncertain labor picture Read More
InSiteDCM
Business ManagementDelivering on Ag Data Value
April 3, 2018
Bruce Baier is another deeply experienced precision agriculture manager who survived the early years of ag technology while riding the Read More
University-of-Georgia-photo-credit-USDA
Business Management25 Best Colleges for Precision Agriculture
March 21, 2018
Choosing the right college is a process. It’s one that I’m just now embarking on with my teenage daughter. Long Read More
Farmer-tablet
Decision Support SoftwareOpinion: The Missing Link in Precision Agriculture
March 15, 2018
The agtech boom over the last two years is indeed astonishing. Farmers are becoming more open to new, emerging technologies Read More
Filling The Planter from Cab
Service ProvidersPrecision Agriculture: What is it?
March 15, 2018
If we look at the title of the article, all of you will come to an answer. These answers will Read More
Latest News
Industry NewsClimate Corp Announces 5 New FieldView Integrations
April 23, 2018
The Climate Corporation announced the addition of five industry-leading partners to The Climate Corporation’s Climate FieldView digital agriculture platform. The Read More
Laura_Crook_WinterWheat_Blackgrass_PrecisionAg
Industry NewsKansas Software Outfit Ag Developer Announces agX Integ…
April 23, 2018
Ag Developer, a Kansas based software development company, is simplifying grower/advisor communications by connecting to the agX Platform, according to Read More
field_in_back_1000_wd-featured-image
Industry NewsAyrstone Introduces High-Speed WiFi System for Farms
April 20, 2018
WiFi has become a necessity, and a proliferation of new WiFi devices have come to market for urban homes and Read More
Indian-Agriculture
AsiaIndian IoT Platform for Pre and Post Harvest Raises See…
April 19, 2018
Indian startup AgNext has raised an undisclosed seed round led by India-focused Agtech VC Omnivore Partners along with Singaporean angel Read More
Bayer-Forward-Farming
Industry NewsMaryland Farm Opens as Hub of Learning about Sustainabl…
April 19, 2018
Fourth-generation Maryland farmer Trey Hill measures the success of his operation not just by how many bushels of corn, soybeans, Read More
THRIVE
Industry NewsAgritech Startup Backers Announce New Corporate Partner…
April 18, 2018
Entering its fourth year, the THRIVE Venture & Innovation platform announced today the nine finalists and investment in its spring Read More
computer-in-field
EventsFinding Our Way in the Business of Precision Agricultur…
April 17, 2018
Service providers are the essential link between precision agriculture products and practices and the farmers who are increasingly relying on Read More
Farm-Storm-Clouds-Photo-Eden-Hills
Data ManagementThe Precipitation Problem in Agriculture
April 17, 2018
Precipitation is arguably the most important agricultural weather parameter, yet it is the most difficult variable to precisely measure. For Read More
Digital-Farming
Business Management7 Factors That Could Make or Break Digital Farming
April 13, 2018
Digital farming is the new technology genie – a genie that is now out of the bottle and cannot be Read More
SDSU-drone
Business ManagementInside the Key Strategies For Selling Precision Ag Serv…
April 13, 2018
In its earliest manifestation, the motive for developing precision agriculture service was entirely pure. Agronomists knew that crops were responding Read More
Facebook-phone
Data ManagementWhat Lessons Can the Ag Industry Learn from the Faceboo…
April 12, 2018
Today, a seemingly endless amount of ag data flows from growers’ fields into a host of technology platforms. It is Read More
DronesWhen High Value Crops Meet Inaccessible Areas: How Dron…
April 12, 2018
Avocados are one of the few crops in Chile that can economically be commercially cultivated on hills. On one hand Read More
Almond-trees-blooming
Sensors/IoTWhy Virtual Sensors Could Save California’s At-Ri…
April 12, 2018
To say that the Golden State can lay claim to the title of king of almonds might be an understatement. Read More
AgJunction, InfoAg 2014, Autosteer, GPS
Industry NewsAgJunction Launches Online Store, Low Cost Guidance Sys…
April 12, 2018
AgJunction today announced the opening of the HandsFreeFarm.com online store to bring low-cost, simple-to-use precision agriculture solutions direct to all Read More
aggateway
Business ManagementAgGateway Encourages Use of Standard Identifiers with A…
April 11, 2018
AgGateway, the non-profit organization with the mission to promote and enable the industry’s transition to digital agriculture, is offering a Read More
Remote-Soil-Sensing-Mapping
Imagery/SensingRemote Soil Sensing Enhances Precision Farming, Promote…
April 11, 2018
Precision agriculture management requires understanding soil at increasingly finer scales. Conventional soil sampling and laboratory analyses often lack this granularity Read More
Data ManagementREPORT: Bayer’s Digital Farming Business Slated f…
April 11, 2018
Germany’s Bayer plans to sell its digital farming business to BASF as part of changes to concessions it has offered Read More
Corn
Industry NewsSentera Announces New FieldAgent Features
April 11, 2018
Sentera announces the availability of high-fidelity crop stand, weed pressure mapping, spot scouting maps, and free local image stitching within Read More