CropX and Finistere Ventures Featured in The Atlantic

In its Possibilities Report covering the growing importance of IoT devices, the The Atlantic delves into how connected sensors and big data are changing the way farmers grow crops for the better. From the article:

“Precision agriculture is morphing into predictive agriculture,” says Arama Kukutai, cofounder of Finistere Ventures. The venture capital firm has invested in a handful of agtech companies, including CropX and Taranis, which uses high-definition imagery to predict crop disease and pest infestations.

“An aircraft equipped with a camera can fly over 10,000 acres an hour and spot a mite or the beginnings of Asian soybean rust on a leaf,” he says. “That’s a massive amount of data to process, far too much for a human. But it lends itself well to AI/machine learning, which can predict the future state of the field and the possible impact of disease on the crop.”

“Machine learning and big data are a significant part of CropX’s solution,” says Tzach.

“When you put a sensor in the ground, it’s able to learn the soil characteristics by itself,” he says. “It knows if it’s in heavy or light soil based on the drying curve after irrigation, because each soil type dries differently after a rain. That’s just one example of many.”

Additional Finistere Insights

Spencer Maughan Co-authors Australian AgTech Landscape Report for University of Sydney

Finistere partner Spencer Maughan worked closely with the United States Studies Centre at the University of Sydney to author a report on the opportunities and challenges in the Australian AgTech sector. Key Findings: Australia’s AgTech investment market is small, at an early stage and not keeping pace with global peers A breadth of AgTech segments… Read More ▸

The Emergence of Global Agritech Hotspots – New Zealand

New Zealand has long been a major agricultural producer, often lampooned by visitors in the past for having more sheep than people. Today, it is dairy and horticulture that dominate ag and food exports in excess of US$37 billion. Moving up the ranks, technology has become the third most important export sector by GDP value… Read More ▸

Agtech Valuations – A New Paradigm?

Activity in the Agtech sector has skyrocketed over the last five years—marking its arrival as an important piece of the venture capital ecosystem. And as with any important milestone, understanding how we got to where we are today and the trends shaping where we are headed in the years to come is absolutely critical. We… Read More ▸