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Growing Ties
Highlights from Celleste Bio, AGEYE, Silal, ADAMA, Agtonomy, CropX, Weenat and More
Sepehr Achard
December 06, 2024
In partnership with Harnois Greenhouse
Welcome to this week’s AgTech roundup! Dive into the latest funding announcements, strategic partnerships, and innovative product launches reshaping the agricultural industry.
Don’t miss insights on mergers and acquisitions trends, farmer sentiment analysis, and upcoming events that you need to have on your radar.
This Week’s Highlights Include:
Estimated Reading Time: 7 - 8 minutes
You can also listen to the full episode here, or on the player below👇
Before We Start, We Have Something To Announce!
We’re excited to announce the launch of our AgTech Directory, a comprehensive platform for showcasing innovative companies driving the future of agriculture.
A big thank you to our current featured companies for their early support: SpectraGrow, LettUs Grow, Verde Compacto, and iGrow Pre-Owned.
Want to see your company listed? Now’s the perfect time! Take advantage of our limited-time 20% discount to showcase your company and connect with a global audience of AgTech professionals.
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Harnois Greenhouses: Low to High-TechPoly Greenhouse Solutions for Berries
Greenhouse-grown berries offer numerous benefits over traditional open-field cultivation, including extended growing seasons, better crop protection, and increased yields.
At Harnois, we provide a full range of greenhouse structures for berry production, from cost-effective open-field solutions like TunnelPro Plus to advanced high-tech gutter-connected greenhouses like Luminosa.
We offer turnkey solutions, backed by a team of agronomists and equipment experts, ensuring growers get tailored systems that fit their needs and budgets. As technology evolves, greenhouse berry production will continue to play a crucial role in sustainable, year-round farming.
THIS WEEK’S FUNDING & INVESTMENTS
Funding & Investment Highlights: Celleste Bio, Toesca Asset Management, AGEYE & More!
Celleste Bio Secures $4.5M Seed Funding
Who? Celleste Bio, a company founded in 2022.
What? Secured $4.5M in seed funding to advance its cell-cultured cocoa production.
Purpose? To meet growing chocolate demand, reduce environmental impact, and address supply chain challenges by developing sustainable, year-round cocoa production technology.
Toesca Asset Management and Astarte Capital Partners Launch Regenerative Agriculture Investment Platform
Who? Toesca Asset Management and Astarte Capital Partners.
What? Launched a $350M regenerative agriculture investment platform focused on permanent crops.
Purpose? To develop high-performance orchards using sustainable practices and align with global food security and healthier diet trends in Latin America.
AGEYE Secures Strategic Investment from MANN+HUMMEL
Who? AGEYE and MANN+HUMMEL.
What? Partnership to enhance farm management software, automation, and filtration/disinfection technologies.
Purpose? To improve indoor farming systems with healthier, more productive practices and AI-driven crop optimization.
Rosy Soil Secures $3.6M Seed Round
Who? Rosy Soil, a sustainable soil solutions company.
What? Raised $3.6M in seed funding to scale operations and expand biochar-based products.
Purpose? To offer a peat alternative that enhances soil health, reduces habitat loss, and supports sustainability.
How do you feel about the current state of the AgTech industry? |
CONVERSATIONS
More Mergers Expected for the Biologics Market?
Reflections on AgTech Trends
M&A Momentum: Fleming emphasized the growing consolidation in biologics, driven by the need for profitability and scale.
Future Outlook: Technologies like AI and IoT will complement biologics by enhancing product development and operational efficiency.
THIS WEEK’S STRATEGIC PARTNERSHIPS
Industry Updates: Silal, MyEasyFarm, xFarm Technologies & More!
Silal and KEZAD Launch Sky Berries and Project Ripe
Who? Silal and KEZAD Group.
What? Announced Sky Berries (50,000 sqm for premium berries) and Project Ripe (100,000 sqm for high-value crops) initiatives.
Purpose? To boost local food production, reduce imports, conserve water, and cut carbon emissions, supporting UAE's food security goals.
xFarm Technologies & Syngenta France Partner on Geospatial AI
Who? xFarm Technologies and Syngenta France.
What? Collaborating to enhance the Quali’Cible tool with geospatial AI for French farmland monitoring.
Purpose? To improve precision in crop identification, simplify compliance, and promote sustainable agricultural practices.
PlantArcBio and ToolGen Partner on Herbicide-Tolerant Soybeans
Who? PlantArcBio and ToolGen.
What? Joint effort to develop gene-edited soybeans with enhanced herbicide tolerance.
Purpose? To increase yields, reduce agriculture's environmental footprint, and offer farmers a flexible, efficient weed management solution.
MyEasyFarm and Saint Louis Sucre Partner on Regenerative Agriculture
Who? MyEasyFarm and Saint Louis Sucre.
What? Deploying an MMRV tool to support regenerative farming across 60 French farms.
Purpose? To monitor progress, reduce costs, and promote agro-ecology through data-driven insights.
Harnois Greenhouses and Dubois Agrinovation Offer Turnkey Solutions
Who? Harnois Greenhouses and Dubois Agrinovation.
What? Providing innovative greenhouse and irrigation solutions for open-field and berry producers.
Purpose? To boost productivity, extend growing seasons, and optimize resource use in crop production.
NANO Nuclear Energy and Vert2Grow Explore Energy-Vertical Farming Solutions
Who? NANO Nuclear Energy and Vert2Grow Energy Solutions.
What? MOU to integrate microreactor technology with vertical farming.
Purpose? To deliver sustainable energy and food production for remote communities, addressing critical food security and power needs.
IBMA and FAO Partner to Promote Biocontrol in Agriculture
Who? International Biocontrol Manufacturers Association (IBMA) and FAO.
What? Signed a Letter of Intent to advance biocontrol in global agriculture.
Purpose? To transition agriculture toward greener practices, improve biodiversity, and enhance climate resilience through biocontrol solutions.
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NEW PRODUCTS, FACILITIES & SERVICES
AgTech Innovations: NEOM’s New Greenhouse, ADAMA’s New Fungicide, A New AI Assistant & More!
Topian Opens High-Tech Greenhouse in NEOM’s Oxagon
Who? Topian and Van der Hoeven.
What? Opened a cutting-edge greenhouse focusing on climate control, cooling tech, and AI-driven crop trials.
Purpose? To produce 4,000 tons of fresh produce annually while advancing sustainable food production in arid regions.
IBM and Texas A&M Launch AI-Powered Virtual Assistant for Agriculture
Who? IBM and Texas A&M AgriLife Research.
What? Introduced SWAT VEXA, a free AI assistant offering personalized soil and water insights.
Purpose? To enhance agricultural resilience and productivity through resource management and ecosystem sustainability.
Farmblox Expands Farm Automation Solutions to Almond and Nut Farmers
Who? Farmblox, a cloud-based farm automation platform.
What? Extended its operations to almond and nut orchards, integrating sensors and equipment for efficient farm management.
Purpose? To reduce labor costs, optimize water use, and support carbon credit initiatives, enhancing sustainability and profitability.
Vertiberry Launches CEA Facility in Quebec
Who? Vertiberry, supported by Zone Agtech.
What? Opened a pesticide-free CEA facility to produce strawberries year-round in Quebec.
Purpose? To meet local strawberry demand sustainably while leveraging clean energy resources.
AgVend Launches Nexus for Ag Retail Supply Chain
Who? AgVend.
What? Rolled out Nexus, a digital suite with six modules to optimize ag retail operations.
Purpose? To improve sales, procurement, financing, inventory management, and product education for ag retailers and growers.
Oaken Expands Services to Farmland Estate & Transition Planning
Who? Oaken in partnership with Sower | Legacy Farmland Fund.
What? Introduced estate planning tools, including a 721 Exchange solution for farmland transitions.
Purpose? To simplify farmland asset management and facilitate generational transitions.
ADAMA Announces Gilboa™ Fungicide
Who? ADAMA.
What? Launched Gilboa™, a fungicide targeting diseases in cereals and oilseed rape.
Purpose? To enhance disease management for crops like wheat, barley, and oilseed rape, supporting global agriculture.
OTHER NEWS
Global AgTech Highlights: Weenat’s Acquisition, Agtonomy Rental Program Expansion, CropX Integration & More!
Weenat Acquires CoRHIZE to Enhance Irrigation Management
Who? Weenat and CoRHIZE.
What? Acquisition to enhance soil moisture analysis and irrigation management.
Purpose? To provide real-time insights for sustainable farming, expanding reach to 30,000+ farmers in 15 countries and beyond.
Agtonomy Expands Automation Rental Program to Washington State
Who? Agtonomy.
What? Launched a rental program for automation tools in permanent crop industries.
Purpose? To increase efficiency, save time, and support growers with risk-free evaluations and worker upskilling.
CropX Integrates with CLAAS for Enhanced Precision Agronomy
Who? CropX and CLAAS.
What? Integration of agronomy and machinery platforms for advanced data analysis and decision-making.
Purpose? To optimize precision farming with actionable insights and efficient data use.
Attune Agriculture's Entrapment® Insecticide Receives EPA Approval
Who? Attune Agriculture.
What? EPA registration for Entrapment®, a non-systemic insecticide with Rhexalloid® Technology.
Purpose? To provide effective pest control and support resistance management strategies for diverse crops.
Farmer Sentiment Surges to Highest Level Since 2021
Who? U.S. farmers, as reported by the Ag Economy Barometer.
What? Sentiment index rose to 145 in November, with increased optimism in financial performance and investment.
Purpose? Reflects improved outlook on agricultural regulations, tax environments, and future prosperity despite trade concerns.
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