agtech

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Global investment in agriculture and food technology startups reached $US26.1 billion in 2020, a 15.5 per cent year-over-year increase, according to new analysis by AgFunder. Investors are looking further upstream and supporting more farming and food innovation than ever before, as COVID-19 highlighted the importance of resources and supply chains.

Farmers will be able to remotely monitor rain and tank levels without a mobile or GPS connection with two new Internet of Things devices launched today. QLD based farm sensor provider Goanna Ag today launched its Australian designed and manufactured GoRain and GoTank products which use low orbit satellites to

Pernod Ricard Winemakers, owner of local brands Jacob’s Creek and St Hugo, has tapped an AI software company to dynamically predict yield, quality and timing of grape harvest across Australia and New Zealand. Under an expansion of its partnership with Trellis, a food system intelligence provider that uses artificial intelligence

Bosch and BASF Digital Farming have signed a 50:50 joint venture agreement to globally market and sell agtech solutions from a single source including the founding of a new company in Germany next year Bosch will provide hardware, software and digital services while BASF Digital Farming, the agtech arm of

ASX listed Treasury Wine Estates has signed a multiyear partnership with agtech The Yield to use its harvest predictions and weather notifications technology. For the next three years Treasury Wine Estates will use The Yield’s Sensing+, a system for large scale growers to monitor and predict growing conditions based on

Australian agtech The Yield has received another $11 million in funding from Japanese and German tech giants which will help it expand its product development and expand into international markets. The investment was led by Yamaha Motor Ventures, the Silicon Valley-based investment arm of Yamaha Motor Co, while The Bosch

Global food supply chains are being disrupted by the COVID-19 pandemic and its subsequent lockdown affects. The crisis highlights the importance of accurate crop forecasts and an efficient supply chain, according to Ros Harvey, founder and managing director of  The Yield, a local agtech which uses IoT and AI to

Venture capital investment in agriculture and food technology fell significantly last year, according to investment data analysis by a global VC firm released this week. But Australia bucked the trend, recording a US$90 million increase in funding in 2019. Globally, investment in foodtech and agtech startups reached US$19.8 billion across

Analytics might be seen as a corporate tool to boost revenues and gather insights on customers but now the food industry is taking a piece of the data pie to help reduce waste and improve production.  One of the ways this is being done is through commercial kitchens. Winnow is a

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Australian food and beverage producers can now apply for financial support from the Coles Nurture Fund to help them innovate and grow. Coles has opened a new round of the Coles Nurture Fund to provide grants of up to $500,000 for small businesses to develop new market-leading products, processes and