The Yield aims to revolutionise farming practices for irrigation-intensive crops with scalable digital technology solutions
Australian agricultural technology company The Yield Technology Solutions has secured A$11m ($7.1m) under an initial funding round led by Yamaha Motor Ventures & Laboratory Silicon Valley.
Based in Sydney, The Yield is working to revolutionise farming practices for irrigation-intensive crops with scalable digital technology solutions.
Bosch Group has also participated in the funding round, in addition to Yamaha Motor Ventures, an investment arm of Yamaha Motor.
The Yield investment, which is leveraging the $100m Yamaha Motor Exploratory Fund, is said to represent a strategic focus to support the application of data-driven solutions to the complete food supply chain in Yamaha Motor Ventures’ portfolio of ag-tech enterprises.
Yamaha Motor Ventures global Ag Tech lead and partner Nolan Paul said: “Our strategic investment approach to the global agriculture sector, centred on precision solutions and hyperlocal management of crops, led us to The Yield and its impressive ability to deliver actionable agronomic insights to the speciality crop industry.
“The Yield collaborates closely with sophisticated growers to drive clear ROI across a range of high-value crops. This investment opportunity is a key synergistic addition to the Yamaha Motor Ventures portfolio.”
The Yield’s Sensing+ platform delivers in-field microclimate data
The Yield’s Sensing+ platform provides in-field microclimate data to the firm’s advanced AI modelling application, enabling to offer predictive insights to large commercial growers to better implement critical production decisions around irrigation, feeding, planting, protection, and harvest.
The agricultural technology applies the Internet of Things (IoT), data science and artificial intelligence (AI) to support its technology for addressing real challenges at farm level and throughout the food chain.
The Yield founder and managing director Ros Harvey said: “With so much activity in the ag-tech market, we’re delighted to be identified and valued by a speciality crops domain expert like Yamaha Motor Ventures.
“Our technology is poised to make a significant impact on the productivity and profitability of corporate growers, beginning with those here in Australia and New Zealand.”
In April, The Australian Government has taken measures to facilitate freight access for agricultural and fisheries exporters in the country.