Venture capitalists invested a record amount in agriculture and food startups in the third quarter this year, totaling $269 million across 41 deals. Conservis, for example, raised $10 million to offer farmers a real-time view of operations. FarmLogs raised $4 million to deliver apps that help farmers increase their productivity and profitability by identifying the crops most likely to sell. In November, Eric Schmidt’s Innovation Endeavors and Flextronics Lab IX launched Farm2050, a collective to support “ag-tech” startups whose solutions boost global food production.
Continue reading… “Internet of Things Innovations in Agriculture”
