FORT WORTH, Texas, Nov. 16, 2021 /PRNewswire/ -- Virginia-based Agrology announced today that the company has successfully raised a seed round totaling $815,000 on the Harvest Returns agriculture crowdfunding platform.
Agrology is a fast-growing developer of predictive agriculture technologies to help growers maximize profits with minimal input costs and environmental impact. Founded in 2019, the company's predictive agriculture platform combines proprietary, affordable sensor arrays with machine learning to provide actionable insights and trends via a mobile application.
This capital raise will fund research and development to allow Agrology to scale its business and expand its growth even more with the help of professional, full-time team members.
"Agrology offers a proprietary predictive agriculture platform that helps farmers get ahead of issues before they arise and optimize their resources in order to maximize yields," said Emma Sagan, COO of Agrology. "Today we are focused on helping vineyards and specialty crops monitor and predict problems before they occur, which includes data on smoke taint from wildfires, nano-climates, regions, soil types, and weather patterns. We have big plans for the future and are thrilled to partner with Harvest Returns' community of agriculture experts to raise the capital to help us grow."
Agrology developed and patented a new approach to predictive agriculture. The Agrology system is based on machine learning, an Artificial Intelligence based method of data analysis that automates analytical models. The Agrology system learns from data, identifies patterns, and makes forecasts and recommendations. As more data comes in, the Agrology forecast capabilities become more robust, allowing the predictions and information to increase and advance. The company's technology is significantly more affordable than competitors, so growers can install more sensors per block and gain insights at the nano-climate level.
"Investors are increasingly asking us to find and offer AgTech private placements on our platform," said Austin Maness, CEO of Harvest Returns. "The technology, the team, and the terms that Agrology presented checked every box we were looking for, making it a natural fit for the platform."
About Harvest Returns
Headquartered in Fort Worth, Texas, Harvest Returns, Inc. is a financial technology marketplace created in 2016 by two military veterans to bring agribusinesses together with investors. The company's pool of over 8,000 investors have provided more than $17 million in funding to early-stage agribusinesses.
For more information, please visit harvestreturns.com.
Agrology develops predictive agriculture technologies to help growers maximize profits with minimal input costs and environmental impact. Founded in 2019, Agrology's predictive agriculture platform combines proprietary, affordable sensor arrays with machine learning to provide actionable insights and trends via a mobile application.
Agrology is a Public Benefit Corporation committed to focusing on protecting the economic viability of our farmers and the sustainability of our planet. The company's strategic partners include The National Science Foundation, UC Davis College of Agriculture and Environmental Sciences, and Virginia Tech College of Agriculture and Life Sciences. Agrology has offices in Alexandria, Virginia, and Sonoma, California.
To learn more, visit their website agrology.ag.
For more information about Harvest Returns, please contact Allison Stewart at 844-673-8876 or email at [email protected].
SOURCE Harvest Returns
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