BASF, TELUS Ventures Invest in AgTech Startup Hummingbird Technologies

BASF Venture Capital and Canada’s TELUS Ventures are among the lead investors in a series B investment round for British startup Hummingbird Technologies, a global leader in advanced crop analytics, according to a release at Globe Newswire. Other main investors include Saudi Agricultural and Livestock Investment Company and the British investment firm Downing Ventures.

Founded in 2016, Hummingbird Technologies has developed a technology platform to evaluate the condition of agricultural fields. Hummingbird’s unique artificial intelligence, deep learning and imagery analytics solution uses proprietary algorithms driven by aerial images captured from satellites, planes and unmanned aerial vehicles. It processes image data to create precise harvest forecasts or accurately calculate how much fertilizer is needed. With its high-resolution system, Hummingbird can also locate potential pest infestation, plant diseases or planting gaps. These tools deliver real-time actionable recommendations, which both improve performance on farms through precise targeting of operations and inputs, as well as provide evidence-based justification and Return on Investment (ROI) proof for decision-making.

Continue reading at Globe Newswire.