AgTech sees a shift in investment as private equity backs data platforms, climate resilience tools and thermal intelligence for global food security.
According to 2024 PitchBook data, AgTech saw $1.6 billion invested across 159 deals in Q3 2024, reporting a 15% increase in deal value over Q2. The report said deals declined 17.6% from Q2 2024, which tracks with the trends from 2022. However, the Agtech landscape saw several companies, including Benson Hill, FarmWise, and Plenty Unlimited, file for bankruptcy.
In 2023, more than 280 million people across 59 countries faced acute food insecurity—an increase of 24 million from the previous year. At the same time, global food consumption is projected to rise 1.2 percent annually over the next decade, while agricultural productivity growth continues to fall short of the 2 percent needed to meet demand.
For growers, the pressure is compounded by climate variability, economic volatility and rising costs, all of which make production increasingly difficult to plan for. Jessett says it’s crucial to have access to real-time data as it enables decision making which can be more proactive versus reactive.“This is important when it comes to a range of activities that occur through the growing, harvest and post-harvest supply chain.”
“In the past four years, our efforts have scaled into billions of data points and a platform that now delivers real-time insights to growers across multiple regions and crops,” said Keiller.“It took time to understand what data mattered, how to capture it reliably, and how to turn it into something growers could actually use,” said Keiller. “But this is what being data-driven really means.”
Costa Berries International is using WayBeyond’s FarmRoad platform to monitor the performance of identical berry varieties across Australia, Laos, India, and Morocco. The data will be used to assess how varieties respond to different microclimates. Gulde says that insight is possible with temperature data, in contrast to visual data, because temperature is a well-understood environmental variable governed by physical laws.
The tomato brown rugose virus, first identified in the Middle East in 2015, has since spread across North America, causing crop losses of up to 70 percent in some operations. Jessett says Costa has always sought to adopt innovative, technology-driven farming practices to address the risks and opportunities presented by climate variability.
Thermal Intelligence Waybeyond Crop Management Costa Group Berry Breeding Climate Constellr AI Agbelher
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
2025 Morgan Supersport | PH ReviewNew look, new underpinnings, new mission - is the Supersport truly a new dawn for Morgan?
Read more »
In Photos: The Dawn of the Nepo Grand-BabyA new generation—and a new era—is rearing its head in Hollywood, and beyond.
Read more »
The Last Player of the Patriots Dynasty Is Officially Out of New EnglandIt's truly a new era in New England.
Read more »
The Beths Announce North American Tour Dates Alongside New Single, ‘Metal’New Zealand indie outfit The Beths are gearing up to enter their new era, unveiling a new signing, new single, and new tour dates.
Read more »
Everything revealed in the Mario Kart World Direct: A Rewind feature and moreMario Kart World adds new tricks, new course, new items, and more alongside plenty of familiarity.
Read more »
The upcoming Sea of Stars expansion Throes of the Watchmaker arrives on May 20The eight-hour add on features a new area, new classes and a new playable character.
Read more »