Alberta, Canada-based Verge Ag has received $7.5 million Series A Funding from Yamaha Motor Ventures.
Verge Ag is the developer of the world’s first AI-powered interactive software that enables farmers to plan, simulate and validate the movement of equipment in the field and execute field operations efficiently.
The $7.5 million funding round led by Yamaha Motor Ventures also included participation from Fall Line Capital, SP Ventures & Artesian/GrainInnovate.
Following the latest raise, Verge Ag is developing the digital twin of the farm that will help farmers assess the dependencies between land and equipment when planning field operations. This provides farmers a seamless planning experience with a data framework that fosters innovative data reuse, integration and visualization to enable digital characterization of fields, terrain, water flow and operational windows.
“We are developing a solution that helps farmers manage their land and equipment to efficiently and remotely execute field operations, enabling farming to be truly autonomous,” said Ryan Johnson, CEO of Verge Ag. “This capital powers our strategic plan to increase the adoption of Launch Pad in key markets including the U.S., Latin America, EU and Australia. We also plan to ramp up hiring for roles across our engineering, marketing, sales and corporate development teams.”
The company stated Launch Pad fills a critical gap in the efforts to authentically automate farm operations. With activations in North America, Latin America, CIS and Australia, growers of broadacre row crops with Launch Pad optimization demonstrate increased profitability through direct expense reduction (fuel, chemical and machinery hours), improved fleet optimization and increased operational efficiencies.
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