Aussie Ag-Tech Start-Up Scores $11 Million Funding Deal
SYDNEY: Australian agricultural technology company, The Yield Technology Solutions, has secured an $11 million funding round led by Yamaha’s investment arm Yamaha Motor Ventures & Laboratory Silicon Valley. Also, The Yield’s major shareholder, Bosch Group, is converting its existing loan into equity. Other investors have not been named.
The Yield says it is on a mission to transform food and farming practices with IoT, data science and AI, solving real challenges at farm level and throughout the food chain.
The company’s Sensing+ combines sensors and analytics to provide information and predictions via apps to help large commercial growers make ion-farm decisions such as when to irrigate, feed, plant, protect and harvest. – Stuart Corner