Agriculture 4.0
- Jul 16, 2023
- 2 min read
Updated: May 12, 2024
Do you like to eat?
Do you like your clothes?
Have you thought about the materials these are made of, and the processes undergone untill reaching your plate or closet?
Today we'll talk about one of the last sectors to be disruptted by tech.
It is one of the hardest professions on earth, and commercially speaking - it is one of the most culture influenced segments & toughest products to sell.
I'm talking about agriculture.
In this post, we'll provide an overview of what entrepreneurship is and how it relates to agtech.
We'll also discuss the importance of sustainable business development in these fields & explore the concept of sustainable agriculture and its importance in agtech.
Introduction
Agriculture is one of the oldest industries in the world, but it is also one of the most rapidly changing.
In recent years, there has been a growing focus on innovation in agriculture, leading to the development of new technologies that are transforming the way we produce food.
This new era of agriculture is often referred to as "Agriculture 4.0", and it is characterized by the use of advanced technologies such as artificial intelligence, the Internet of Things, and robotics.
These technologies are being used to improve efficiency, sustainability, and profitability in large-scale farming operations.
One of the key drivers of Agriculture 4.0 is entrepreneurship.
Entrepreneurs are constantly coming up with new ideas for how to use technology to improve agriculture.
For example, Source.ag is using AI to help farmers make better decisions about crop management.
Precision.ai is using drones to collect data on crop health.
Gotham Greens is using vertical farming to grow produce in urban areas.
These are just a few examples of the many innovative startups that are working to transform agriculture.
As these technologies continue to develop, we can expect to see even more innovation in the years to come.
Funding for Agtech Startups
According to Crunchbase, agtech startups have raised over $50 billion in funding since 2013.
The majority of this funding has come from venture capital firms, but there has also been a growing interest from corporate investors.
The most funded agtech startups include:
Indigo Ag: $1.2 billion
Plenty: $900 million
Blue River Technology: $400 million
Farmers Business Network: $300 million
PrecisionHawk: $200 million
These startups are developing a wide range of technologies, including:
Precision agriculture software
Seed breeding technology
Robotic harvesters
Vertical farming systems
Sustainable packaging solutions
Agriculture 4.0 is a rapidly growing field with the potential to transform the way we produce food.
By using advanced technologies, entrepreneurs are making agriculture more efficient, sustainable, and profitable.
Some more Agtech startups you'd find interesting are:
In the next agtech related posts we will explain what is "sustainable agriculture", and review what does the Israeli agtech ecosystem has to offer.
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