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
AmericasPrecisionAg Accelerator: Examining the Business of Precision
July 31, 2018
An attentive classroom of 50 precision agriculture managers gathered in Brookings, SD, in June for the inaugural PrecisionAg® Professional Accelerator, Read More
AmericasValley Agronomics: A Service-First Precision Partner
July 30, 2018
“Valley Agronomics, out in the Pacific Northwest … there’s something about those guys, they just get it …” Those words, Read More
Colin-Hurd-Smart-Ag-tablet
Business ManagementIowa Agtech: ‘Building the Right Connections Between the Right People at the Right Time’
July 26, 2018
Iowa agriculture is now worth more than $15 billion according to the USDA, writes Jake Slobe on ClayandMilk.com. For entrepreneurs Read More
Retailer-Grower-tablet
Business ManagementTaking Measure of the Precision Agriculture Program: 6 Key Observations
July 12, 2018
In the overall agriculture market, the rhetoric surrounding emerging technology over the past half-decade has been nothing short of breathless. Read More
Trending Articles
Geosys
Industry NewsUrtheCast to Acquire Geosys from Land O’Lakes in $20 Million Deal
August 15, 2018
UrtheCast Corp. and Land O’Lakes, Inc. today announced they have entered a binding term sheet for the purchase of Geosys Read More
1 On 1 With Paul Schrimpf: Simplot’s Allan Fetters
PrecisionAg InstituteOne on One With Simplot’s Allan Fetters
August 8, 2018
Allan Fetters of PrecisionAg Institute partner Simplot Grower Solutions talks about techology trends and key learnings from the recent InfoAg Conference in this exclusive interview with PrecisionAg's Paul Schrimpf. Read More
PrecisionAg InstitutePrecisionAg Institute Whitepaper Library
August 1, 2018
Welcome to the PrecisionAg Institute Whitepaper library! Here you will find free whitepapers and case studies from the PrecisionAg Institute Partners Read More
AmericasIntegrity Ag Group: People Over Precision
July 30, 2018
It’s not every day that this reporter walks into the office of a precision ag dealer, sits across from the Read More
farmer-tractor-tablet
Systems ManagementWhat is Digital Farming — Really?
July 24, 2018
The agricultural community has spent several years synthesizing an operational description for digital farming. In several cases, there have also Read More
Data ManagementInfoAg News: Farmobile Launches DataEngine, Streamlines DataStore Buyer Process
July 17, 2018
Busy times these days out in Leawood, KS, for ag data startup Farmobile, as they continue to – pardon the Read More
Latest News
John Deere Operations Center
Data ManagementMaximize the John Deere Operations Center for Your Cust…
August 16, 2018
Today’s farming operation looks different than it did 20, 10, even just a few years ago. Technology continues to shape Read More
Service ProvidersNew Ag Retail Survey Identifies Key Business Challenges
August 16, 2018
From commodity prices and competition for business to future-proofing the operation, ag retailers shared their challenges and concerns in a recent survey conducted by Proagrica. Read More
WinField’s Joel Wipperfurth On Empowering Data-Driven Decisions
InfoAg ConferenceOne on One with Joel Wipperfurth, Winfield United
August 15, 2018
Winfield United's Joel Wipperfurth discusses ag technology trends and topics during last month’s InfoAg Conference. Read More
Geosys
Industry NewsUrtheCast to Acquire Geosys from Land O’Lakes in …
August 15, 2018
UrtheCast Corp. and Land O’Lakes, Inc. today announced they have entered a binding term sheet for the purchase of Geosys Read More
Harvest
Data ManagementAre You Ready for This Year’s Digital Harvest?
August 15, 2018
As the days in the Northern Hemisphere slowly get shorter, they are getting longer in the Southern Hemisphere and everywhere Read More
Wheelman-Pro
Industry NewsAgJunction Expands Automatic Steering Market to Smaller…
August 14, 2018
AgJunction, the autosteering company, has introduced Wheelman, a new way for farmers to automatically and accurately steer farm equipment at Read More
Drip-irrigation
Precision IrrigationFertigation as a Precision Agriculture Tool
August 14, 2018
Fertigation is a fertilizer application method in which dissolved fertilizers are delivered to the crop through the irrigation system. This Read More
Events5 Reasons You Should Attend Growing Innovations
August 13, 2018
The specialty crop market is wracked by unprecedented change: labor scarcity, water shortages, pressing demands for increased quality and transparency Read More
Data Science tablet
Data ManagementMicrosoft, Agile Networks Detail Central Ohio Broadband…
August 9, 2018
Agile Networks, a leading provider of telecommunications solutions, and Microsoft Corp. has announced a new agreement to bring broadband internet Read More
AmericasIvy Tech Opens Center of Excellence to Train Tomorrow&#…
August 9, 2018
Students interested in careers in precision agriculture equipment technology or diesel technology now have the opportunity to pursue certificates, technical Read More
1 On 1 With Paul Schrimpf: Simplot’s Allan Fetters
PrecisionAg InstituteOne on One With Simplot’s Allan Fetters
August 8, 2018
Allan Fetters of PrecisionAg Institute partner Simplot Grower Solutions talks about techology trends and key learnings from the recent InfoAg Conference in this exclusive interview with PrecisionAg's Paul Schrimpf. Read More
Corn field sunset
Industry NewsTrimble RTX Correction Technology Now Delivers Two Cent…
August 7, 2018
Trimble has announced that its Trimble RTX GNSS corrections technology can now achieve horizontal accuracies of better than two centimeters. Read More
Sentera-Gimbaled-Quad-Sensor
Sensors/IoTSentera Gimbaled Quad Sensor Optimizes Crop Health Data…
August 7, 2018
Sentera’s Quad sensor is now available in an integrated gimbal-stabilized package for DJI Inspire and Matrice drones. Featuring four fully-customizable Read More
BigDataSmall2
Data ManagementPrecision Agriculture: A Smaller Approach to Big Data
August 7, 2018
Big data is one of the most buzzed-about concepts in our industry. Rarely do we read a newsletter, attend a Read More
Grower-Retailer
Industry NewsAgworld, K-coe Isom Form Strategic Partnership
August 6, 2018
Agworld and K-coe Isom have announced a strategic partnership that will see them integrating business advisory and technology to deliver Read More
Industry NewsAgEagle Acquires Agribotix
August 6, 2018
AgEagle Aerial Systems has signed an agreement to acquire substantially all of the assets of Agribotix, a Boulder, CO-based drone-enabled Read More
Digital-Farming
Systems ManagementImplementing Digital Farming’s Five Major Needs
August 2, 2018
Building a house starts with a plan and then a foundation; it does not start with doors and windows. From Read More
PrecisionAg InstitutePrecisionAg Institute Whitepaper Library
August 1, 2018
Welcome to the PrecisionAg Institute Whitepaper library! Here you will find free whitepapers and case studies from the PrecisionAg Institute Partners Read More