Predictive Agricultural Platform Startup Completes Funding Round Predictive Agricultural Platform Startup Completes Funding Round
Agrology’s platform assesses conditions such as weather, crop health and soil carbon content
December 5, 2022
Climate tech startup Agrology has raised an undisclosed amount in seed funding round for its predictive agricultural platform that helps farmers monitor crops and generate data insights on crop, soil and weather conditions.
With climate change proving to be an increased risk to crop health, land availability and food yields, farmers are turning to monitoring and sensing technologies to create more robust and future-proof business models.
Agrology’s latest round responds to this growing demand, announcing an investment partnership with Active Impact Investments to scale the startup’s platform and increase its international market presence.
The platform gathers in-field data which is then processed using machine learning and artificial intelligence models, generating forecasts up to four days in the future, allowing farmers to identify potential problems and adapt practices accordingly.
Agrology also offers the first soil carbon respiration monitoring system to provide real-time data into soil microbiome health and changes in soil carbon content – key information for farmers pursuing regenerative practices.
“Twenty-six percent of global emissions come from food production, and the agriculture sector is concurrently one of the most acutely impacted by climate change,” said Mike Winterfield, Active Impact Investments managing partner. “Agrology has the dual benefit of helping farmers adapt to a changing climate, to remediate soil degradation through regenerative agriculture while also increasing margins and profit.”
According to Winterfield, Agrology’s sensors also open up new revenue streams for farmers through carbon credits, with users of the platform able to engage in soil carbon sequestration, or “carbon farming.”
“Our regenerative agriculture system is real technology, working for real growers, in real dirt, on real farms right now,” said Adam Koeppel, Agrology CEO. “It’s not some blockchain or remote sensing satellite system but is useful technology that gathers data directly from the ground and the air, and lets farmers know how well their regenerative practices are working.”
Skyview Ventures and Phoenix Venture Partners also participated in the latest funding round, along with additional syndicate participants.
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