AgroScout Raises $7.5 Million to Expand Its AI-based Agronomy Analytics Service

AgroScout has announced that it has completed a Series A investment round of $7.5 million to expedite the development of its AI cloud platform for remote agronomy, and to increase its accessibility to the 500 million mostly unserved farms worldwide. The platform allows all growers – from the biggest to the smallest – to efficiently comply with the rising demand for sustainable crop protection and carbon accountability. The investment round was led by Kibbutz Yotvata. Other investors include Agriline (a trust of which Vincent Tchenguiz is a discretionary beneficiary), Kibbutz Yiron, The Trendlines Group, several private investors, and a grant from the Israel Innovation Authority.

The AgroScout platform collects data to create powerful analytics for actionable insights in crop management. AgroScout monitors the crop from emergence stand count, through canopy coverage estimates, and plant biomass, throughout the season. The platform also continuously monitors for pests and disease, decreasing pesticide use by early detection when infestation levels are low and curative treatments are highly effective, predicting regional outbreak tendencies. The platform enables improved yield predictions prior to harvest, and delivers farmers, agribusinesses, and food manufacturers an affordable way to build more competitive, sustainable, and environment-friendly food and agriculture supply chains.

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AgroScout’s mission is to best leverage AI cloud computing and the availability of low-cost digital imaging to bring efficient, sustainable, and accountable farming to the 95% of the 500 million unserved farms of the world. The AgroScout platform offers 5 layers of interlaced data analysis to counter yield loss. It does so by leveraging user-generated data, collected with off-the-shelf drones and mobile phones, to provide an affordable early detection agronomy solution. AgroScout eliminates the need for costly drones, field operators and long training. Farmers purchase their own low cost drones and receive minimal training to get started. The company’s uniqueness lies in its low cost data collection and in the simplicity of the system for the grower.

On-going national projects, in conjunction with multinational corporations, growers, and crop protection companies, as well as a growing individual customer base, are now under way in the United States, Latin America, South Africa and Israel.

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