• Mon. Mar 20th, 2023

BVC Invests in WayBeyond’s AI Agriculture Technologies


Mar 16, 2023

(Credit: Pixabay)

BASF Venture Capital (BVC) is investing in WayBeyond’s AI agriculture technologies. Founded in New Zealand and now headquartered in the United States, WayBeyond is an IoT and application as a service (SaaS) company that aims to increase crop yields, crop superb, and grower profitability for low-to-mid tech controlled-atmosphere agriculture (CEA) operations employing data capture, farm management, and prediction tools. 

Controlled-Atmosphere Agriculture Operations

CEA refers to a assortment of systems that take a technologies-mainly primarily based method to farming, which consists of glasshouses, greenhouses, net residences, and tunnels. CEA expanding operations ordinarily create tomatoes, berries, cucumbers, and peppers. Improvement in CEA, especially low-to-mid tech CEA, is anticipated to increase steadily as the international population increases and as sustainability ambitions drive concerns of meals shortages, encouraging growers to lessen the environmental footprint of their operations. Major production markets incorporate Mexico, Morocco, and Spain export markets incorporate the United States and Europe. 

WayBeyond’s data collection tools and AI technologies-powered agronomy insights platform, FarmRoad, is an specialist agronomist for just about each and every farm that delivers growers farm-and crop-precise insights and ideas to transform their expanding alternatives, enhancing yield, consistency, and superb for significantly far more sustainable farming. WayBeyond also partners with seed producers to make use of the FarmRoad platform and FarmRoad’s crop-contextual AI for seed efficacy and superb. 

Markus Solibieda, Managing Director of BASF Venture Capital GmbH, pointed out: “The use of controlled-atmosphere agriculture to create fruits and vegetables continues to expand globally. As the subsequent generation of growers enters the agriculture industry, we assume that their entry point will be CEA. WayBeyond is positioned to transform the  way these CEA farmers create the crops that will feed our expanding population.”  

The EPA says agriculture represents roughly 11% of the total greenhouse gas emissions in the United States. This comes from the soil, crop production, and livestock. Amongst the approaches improvements can be designed by enhancing soil management, controlling the way manure is handled, and capturing methane to turn into renewable energy, the EPA says. Carbon sequestration is however a further significant piece of sustainability in agriculture.

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