Categories
Agriculture AgTech Crop Insurance Precision Ag

Understory has been awarded as ‘AgTech Insurance Solution of the Year’

Understory, a company solving the coverage crisis with parametric insurance for severe weather, has been awarded ‘AgTech Insurance Solution of the Year’ by AgTech Breakthrough, a leading market intelligence company. Climate-vulnerable businesses around the world rely on Understory’s parametric insurance for financial protection from hail and frost damage. Prior to Understory, the vast majority of […]

Categories
AgTech AI Digital Solutions Fund Raise

Thailand based AgTech startup Ricult raised $2 m

AgTech startup company in Thailand, Ricult raised $2 million in new investment, bringing its total funding to $5 million, according to Nikkei. The company uses proprietary machine learning algorithms, leveraging satellite imagery, agronomic models and weather data to provide precision agritech services to farmers. The round was led by Bualuang Ventures and Krungsri Finnovate. Among […]

Categories
Agriculture AgTech Investments

AgTech firm Farmers Business Network raises $250M

Farmer’s Business Network, Inc., a US based agtech firm with a mission to power the prosperity of family farmers around the world by helping them maximize their profit potential, has closed a $250m Series F funding round. The round was led by BlackRock Inc., with participation from new investors Baron Capital Group, Balyasny Asset Management […]

Categories
AgTech Investments

South African agri-tech startup Aerobotics raised US$5.5 million in funding from Naspers Foundry

Cape Town-based Aerobotics, uses aerial imagery from drones and satellites, and blends them with machine learning algorithms. This helps in early problem detection and offer personalised solutions to tree and wine farmers and optimise crop performance. The startup’s cloud-based application Aeroview provides farmers with insights, scout mapping and other tools to mitigate damage to tree […]

Categories
Crop Insurance

Crop insurance brings food security for farmers

The R4 Rural Resilience Initiative by the World Food Programme (WFP) provides an important platform for educating smallholder farmers on climate risk adaptation. The initiative, which began in 2017 in Kitui County in eastern Kenya, enables the poorest farmers to manage climate risk through crop insurance that they can access by participating in risk reduction […]