DuPont joins Intel Capital, Verizon Ventures, Yamaha Motor, USAA, NTT Docomo, Millennium Technology Value Partners and the Innovate Indiana Fund in an investment that brings PrecisionHawk’s total funding to more than $30 million. The new technology that will be made available by this investment is exciting for leaders at DuPont Pioneer.
“At DuPont Pioneer, we’re driving a new era of agriculture productivity that enables farmers to increase profitability and sustainability through data-driven insights,” said Neal Gutterson, DuPont Pioneer Vice President of Research & Development. “The deepening of our relationship with PrecisionHawk is an important part of the Pioneer digital agriculture platform strategy, as well as our Encirca℠ services offering. Our goal is to provide growers valuable prediction-based product placement insights by incorporating elite genetics, agronomic management and environmental variation analysis into our already successful prediction-based breeding program.”
Both companies look forward to what the future of precision farming will bring; both the possible solutions for agriculture and the economic impact such solutions can make.
“Working with an influential client like DuPont, we immediately saw the value that has yet to be unlocked for aerial data analysis in agriculture,” said Christopher Dean, President of PrecisionHawk. “With investors now representing the agriculture, insurance, and telecommunication industries, PrecisionHawk is well positioned to understand the nuance that will help us create unique value for all of our commercial partners.”