AgTech Startups : Ag Tech Products & AgTech Services News
Agtech startup Prospera Raises $15M to Transform Farms with Data
Digital farming company Prospera announced today a $15M Series B funding round to expand the scope of its technology, which uses computer vision and artificial intelligence to help farmers analyze data gathered from their fields.
Qualcomm Ventures, the investment arm of Qualcomm Incorporated, has led the round, which was joined by Cisco Investments, ICV, and existing investor Bessemer Venture Partners. It brings the total investment in the company to $22M.
Prospera transforms farm production with end to end digitalization – from agronomy to operations. Powered by advanced data analytics, computer vision, and artificial intelligence, Prospera’s system provides growers easy-to- use digital tools to achieve better yields, healthier crops, and higher profits. Prospera builds long term partnerships with leading growers worldwide, based on delivering tangible value quickly, and at every stage of the growing cycle. Already working with some of the most recognized growers around the world, Prospera will use the new funds to accelerate its global expansion and broaden its services to different crops in both indoor and outdoor environments.
Its digital farming system collects, digitizes, and analyzes vast amounts of farm data and optimizes all aspects of production, from agronomy to labor management. It allows agro-businesses to turn their farms into fully digital plants, with tighter control, higher productivity, and more predictable output.
“We were impressed with Prospera’s innovative approach to the digitalization of farming by using computer vision, machine learning, and wireless technologies,” said Boaz Peer, Director at Qualcomm Ventures. “We are excited to be an investor and look forward to supporting them as they lead the way towards bringing greater innovation to the agriculture industry.”