The Yield finalises AUD $ 11 million investment
The Yield is developing its proprietary digital application providing microclimate data and predictive insights.
Australian agricultural technology company, The Yield Technology Solutions, has finalised an investment of AUD $ 11 million, led by venture capital group, Yamaha Motor Ventures & Laboratory Silicon Valley.
The Yield is developing its proprietary digital application providing microclimate data and predictive insights to support critical production decisions for large commercial growers in the specialty crops industry.
Information and predictions in easy-to-use apps
The company uses Internet of Things (IoT), data science and artificial intelligence (AI) to power its technology to solve challenges at farm level and throughout the food chain. Its Sensing+ technology combines sensors and analytics to provide information and predictions in easy-to-use apps that help large commercial growers make important on-farm decisions like when to irrigate, feed, plant, protect and harvest.
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“Our Sensing+ microclimate solution helps customers to work largely remotely in managing the needs of their crops and manage labour requirements. It facilitates the uptake of automated robotic operations in farming and remote management of dispersed assets,” Ros Harvey, Founder and Managing Director of The Yield, said.
Sensing+
The Yield’s Sensing+ solution provides microclimate weather predictions, data and analytics, and yield predictions using artificial intelligence. The sensors measure a wide range of conditions including: air temperature, humidity, pressure, sunlight, wind speed and direction, rainfall, leaf wetness and soil moisture.
Sensing+ uses AI to give predictions in a microclimate up to three days in advance and visually depicts a timeline, providing farmers with a big picture of what to prepare for and when.
Each sensing device comes with a solar panel, which solves the problem of having to secure power points on the farm. The data obtained is then used in The Yield’s web portal and smartphone app, to help support a grower’s decision-making.
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