Farmers Edge Closes Investment from Kleiner Perkins Caufield & Byers (KPCB) as Agriculture's Appetite for Big Data and Precision Farming Grows
With 4M+ acres under management, Farmers Edge increases Crop Profitability with Precision Agriculture
WINNIPEG, Manitoba, Nov. 10, 2014 /PRNewswire/ -- Farmers Edge, a global leader in precision agriculture and independent data management solutions, announced today it has received an investment from Kleiner Perkins Caufield & Byers' Green Growth Fund. With operations around the world, Farmers Edge provides a plug and play technology solution that helps farmers optimize crop inputs and maximize yield. The investment from Kleiner Perkins will fund expansion of Farmers Edge's technology platform and support the Company's continued growth in international markets.
"We see a huge market opportunity for Farmer's Edge approach to precision agriculture. They uniquely integrate real time satellite imagery and in-field telematics to maximize yield and minimize environmental footprint," said Kleiner Perkins Partner, Brook Porter. "Farmer's Edge is leading the current disruption around how crops are grown, and ultimately how crops are valued as traceability becomes an increasingly important factor in the food supply chain."
On the heels of a recent acquisition, Farmers Edge has introduced FarmCommand, a comprehensive solution that provides farmers plug and play real time equipment diagnostics and logistics telematics to any brand of equipment. FarmCommand will become part of the Precision Solutions product line that incorporates field-centric data such as drone and satellite imagery, soil testing, weather stations and precision agronomy. By coupling cloud-based software, Precision Solutions and FarmCommand, with an agnostic hardware solution, growers gain the ability to make comprehensive precision farm management decisions.
"We rely on Farmers Edge to function as an independent advisor, providing us with a no-hassle, turnkey solution to increase our profitability," said Jerry Machacek, Grower at Canora, SK. "They bring a level of hands-on service that is unique in the industry which is the reason we trust them with the management of our acres."
"From seed selection to yield data analytics, we bring all the information together to make a meaningful impact on production and we stick by our customers to ensure the job gets done right," said Wade Barnes, President and CEO of Farmers Edge. "We have an established history of partnering with both farmers and leading distributors to deliver products which will benefit the farmer and his trusted advisors."
About Farmers Edge
Farmers Edge provides global agribusinesses with the precision tools and services growers need to identify, map and manage farmland variability. Leveraging remote satellite imagery and precision technology, its flagship Variable Rate Technology dramatically increases sustainable crop profitability by managing data, measuring results and ultimately, minimizing risk. For more information on Farmers Edge, please visit http://www.farmersedge.ca.
Media Contact
Marina Barnes, Farmers Edge
[email protected], 204-770-3422
SOURCE Farmers Edge
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