Purdue-Backed Spensa Secures Funding For Insect Traps, Scouting App

Spensa Technologies Inc., a precision agricultural startup, received $1.3 million from multiple investors and venture programs to further develop an online pest management program, an electronic insect trapping device and to expand its business capabilities.

“We currently have a strong niche market in five continents around the globe, but we are ready to expand our brand and market share across the board,” said Johnny Park, president and CEO of Spensa and a Purdue research assistant professor in electrical and computer engineering. “This funding will enable us to hire sales reps in targeted areas such as California, and help us create strategic marketing partnerships in Australia, Brazil and other locations.”

The funding and sources for this round are $300,000 from Elevate Ventures, an Indiana-based nonprofit to help entrepreneurs and emerging startups; $200,000 from the Foundry Investment Fund, a Purdue fund managed by the Purdue Foundry that matches outside investors’ funds; $300,000 from mTerra Ventures LLC in Boston; $300,000 from Zionsville Precision Ag Venture LLC; and $200,000 from John T. Smith and other private investors.

Spensa has previously received $1.2 million in funding and was named the top company in the 2013 BioCrossroads New Venture Competition. The company is located in the Purdue Research Park of West Lafayette, and has received startup assistance through Purdue Foundry, an entrepreneurship and commercialization hub in Discovery Park’s Burton D. Morgan Center for Entrepreneurship.

“Last year we had 24 startups created from Purdue innovations, and Spensa Technologies is a perfect example of how a Purdue-based company has taken an innovation and worked diligently and successfully over the past few years to move its technology to the public,” said Greg Deason, vice president and executive director of Purdue Foundry.

Spensa is launching a new scouting app called OpenScout that helps growers and crop advisers easily record scouting notes and photos as they walk in their fields. Spensa also upgraded its online pest management program called MyTraps that tracks insect populations to better control crop damage caused by pests and reduce the amount of insecticides released into the environment. A third product by Spensa is the Z-Trap, an insect trapping device that automatically counts the number of targeted insects and sends the data remotely to a mobile phone or computer.

“Automatic insect data collection is one of the fastest growing fields in precision agriculture because it helps growers and consultants make more educated pest management decisions,” Park said. “It is a big business. In the U.S. in 2010, crop growers lost $20 billion to insect damage and spent $4.5 billion on insecticides.”

Spensa’s software products are available as an online subscription service through OpenScout.ag and MyTraps.com.

These online applications can be used to collect pest data affecting any crops including apples, oranges, pears, grapes, corn and soybeans. They also store data over time so growers and crop advisors can identify high-level trends on a per-pest basis across all of the fields they manage and analyze past data while planning for future growing seasons.

“We are currently working to expand the use of Z-Trap to collect and monitor data on a broader spectrum of insects,” Park said.

For more information on Spensa’s software products visit https://openscout.ag and https://mytraps.com, and for Z-Trap visit https://spensatech.com

Leave a Reply

Tools & Smart Equipment Stories
DronessenseFly Launches eBee X Drone, Breaks Through 1,000 acre Coverage Ceiling
September 5, 2018
senseFly today reportedly sets a new standard in mapping tools with the launch of the eBee X. Launched with the Read More
John Deere ExactApply
AmericasSciFi in Ag: Self-Reacting Spray Nozzles to Fight Dicamba Drift
September 5, 2018
Article Notes: This monthly column takes some crazy sounding ideas and applies them to the field of Ag Tech. The Read More
Tools & Smart EquipmentCanadian Planter Manufacturer Purchases Harvest International
July 19, 2018
Seeding and planting technology innovator Clean Seed has signed an agreement to strategically acquire U.S. planting equipment manufacturer Harvest International, Read More
Robotics/Labor SaversStine Seed Plunks Down $5 Million on Smart Ag’s Driverless Tractor Kit
June 14, 2018
Stine Seed Farm has invested $5 million in Smart Ag Inc., an Iowa technology firm that has developed a full Read More
Trending Articles
Soil-Hand
Data ManagementAre You Using Your Soil to Its Full Potential?
September 14, 2018
Harvest is progressing across most parts of the U.S. and those growers who aren’t already harvesting are gearing up to Read More
Grower-Retailer
Imagery/SensingAgtech: 10 Things I Hate About You!
September 4, 2018
Before you get bent out of shape from the title, remember if you’ve read my articles before you know I Read More
Kansas State University
Industry NewsKansas State University, Topcon Form Precision Ag Research Partnership
August 30, 2018
Kansas State University and Topcon Agriculture are collaborating to develop tools and systems to advance precision agriculture and support farmers. Read More
Blockchain building block graphic
Specialty CropsIs Blockchain the Future of Food Safety?
August 24, 2018
When the Internet Protocol Suite (TCP/IP) was standardized in 1982, permitting the worldwide proliferation of interconnected networks and eventually the 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 $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
Latest News
Business ManagementIvy Tech, Farmers Partner to Help Precision Ag Educatio…
September 20, 2018
Harvest time has taken on a new meaning for some Wabash Valley farmers, and Bobbi Hunt-Kincaid hopes her family’s first Read More
Sensors
Sensors/IoTThe Answer to Agriculture’s Daunting Challenges – Soil …
September 20, 2018
According to the United Nations, 9.6 billion people will live on planet Earth by 2050. Feeding these mouths will require Read More
Google-Earth-Map-featured-image
Data ManagementRainfall Revisited: Accurate Observations and Beyond
September 18, 2018
As a provider of weather analysis and forecast services to the agricultural industry, one of the most common questions I Read More
PenelopeNagel
Business ManagementWhy Is Funding a Challenge for Women-Led Agtech Compani…
September 17, 2018
When it comes to women-led agtech companies the funding discussion never seems to cease. In June after the The New Read More
Mobile Phone in field
Decision Support SoftwareWhy Are 570 Million Farmers Not Yet Using Agricultural …
September 17, 2018
Until recently, using agricultural apps and software was a rare practice among growers. This is now changing. The mass adoption Read More
Soil-Hand
Data ManagementAre You Using Your Soil to Its Full Potential?
September 14, 2018
Harvest is progressing across most parts of the U.S. and those growers who aren’t already harvesting are gearing up to Read More
Grower Services & SolutionsDeere-Granular Collaboration Produces New Profit Maps T…
September 14, 2018
The newest development from the ongoing John Deere-Granular product development and marketing collaboration is Profit Maps, now available to farmers Read More
Wingtra
DronesOpinion: Combining Two Pluses with the WingtraOne UAV
September 13, 2018
For the every-day consumer interested in UAVs, there is an ocean of products from which to choose. This includes the Read More
Farmer-tablet
AsiaShould Agri-Input Manufacturers Outsource E-Commerce to…
September 12, 2018
Editor’s note: Venky Ramachandran is a contributing writer for PrecisionAg.com’s sister site, AgriBusinessGlobal.com. This article was originally published on LinkedIn. Now, Read More
ICON-Link-Licensing_featured-image
Industry NewsValley Irrigation Adds Remote Irrigation Management Opt…
September 11, 2018
Valley Irrigation, an industry leader in smart irrigation solutions, has announced enhancements to its remote management technologies. Multi-Year Licensing In Read More
Reflex-Connect-Agri-Inject-featured-image
Variable Rate ApplicationVariable Rate Fertigation System Expands with Mobile Co…
September 10, 2018
Building on the success of its Reflex Variable Rate Fertigation system, Agri-Inject has taken fluid injection to the next level Read More
Industry NewsTeralytic Earns Ag Data Transparent Certification
September 10, 2018
Soil analytics company Teralytic has completed the Ag Data Transparent certification, affirming that their data use is private, secure, and Read More
Business ManagementTop 20 Two-Year Colleges for Precision Agriculture
September 10, 2018
Earlier this year, I compiled a list of the 25 best colleges for precision agriculture. It was quite the process. Read More
Industry NewsRaven, Topcon Announce Slingshot API Agreement
September 6, 2018
Raven Industries and Topcon Agriculture announced today a licensing agreement for Topcon Agriculture’s use of the Slingshot Application Programming Interface Read More
Tablet Grower
Data ManagementThe Power of Predictive Analytics in Agriculture
September 5, 2018
Years ago if we would have been told computers, data, and technology would be scattered around every farm there may Read More
DronessenseFly Launches eBee X Drone, Breaks Through 1,000 ac…
September 5, 2018
senseFly today reportedly sets a new standard in mapping tools with the launch of the eBee X. Launched with the Read More
AmericasOn The Scene: 2018 Farm Progress Show Wrap Up
September 5, 2018
Former Monsanto President (now Bayer CropScience Chief Operating Office) Brett Begemann’s opening salvo during his first appearance at a Farm Read More
EventsAg Experts Discuss Big Data Challenges in Agriculture
September 5, 2018
Agricultural experts at a Houston conference praised the advancements in unmanned aerial vehicles, sensors, and data-collecting technology used in precision Read More