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Diligent Robotics Awarded as Technology Pioneer by World Economic Forum
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UpGuard Awarded as Technology Pioneer by World Economic Forum
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Propy Awarded as Technology Pioneer by World Economic Forum – Consumer Electronics Net
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Valmont to Acquire Prospera Technologies, Global Leader in Agricultural Artificial Intelligence & Machine Learning – Consumer Electronics Net
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Prospera s technology helps keep tabs on crops (Courtesy)
Valmont Industries, Inc., a US maker of irrigation and infrastructure equipment, said Wednesday it has entered an accord to buy Israel’s Prospera Technologies, a maker of artificial intelligence-based sensors and cameras for monitoring crops, for $300 million.
The acquisition is the culmination of a two-year strategic partnership set up between the companies in 2019. The merging of the firms will create the “largest global, vertically-integrated artificial intelligence (AI) company in agriculture,” the companies said in a statement.
With in-field cameras and climatic sensors, Prospera allows farmers to accurately remote-manage their fields with real-time analysis on what is happening to their crops leaf by leaf and on a multi-field, multi-crop basis. This access allows them to tackle critical issues of underperforming fields caused by pests, disease, irrigation, nutrient deficiencies and sub-optimal agro-technical a