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Prospsera Develops Crop Monitoring System, Raises $7 Million Funding

Reinventing the way data is utilized in agriculture!

Prospera is a Tel Aviv-based agtech startup. It is inventing various systems that will help farmers to keep a track of their crops. Similarly, farmers can improve the health of their crops, and optimize their operations.

What does Prospera say?

The startup says that these days, agriculture professionals have plenty of technology at their disposal. Right from soil and weather sensors to aerial images and other data attained by drone and satellite services, farmers still don’t have the complete information that they need to optimize the production of their crops.

For example, all such kind of technology doesn’t really let farmers know when their crops are infected by diseases. Prospera’s systems that are installed in greenhouses or in the field use a proximal RGB camera and cloud-based software. With this, they accumulate and analyze all such information that the farmers are missing on.

The Prospera Device

This device of Prospera should be installed in greenhouses or in the field. It already includes solar panel, camera, and temperature, humidity, and light (radiation) sensors.

Prospera provides farmers with a precise view of everything that is happening with their crops much better than any satellite and drone-based imagery. As per reports, this device works for vertical, i.e. indoor, farms which wouldn’t usually be helped by aerial services.

Prospera’s crop monitoring system

This system uses computer vision and artificial intelligence to help farmers improve their yields.The company’s software can help farmers understand exactly what people did in the field to their plants, and when. The main idea is to get good results by directing farmers to do the same things and create the same conditions for their plants again. And, if they don’t get great results, they can determine what hasn’t worked so well in the past and change the track accordingly.

How does it work?

Prospera applies machine learning to report whenever something important is happening in the field. If diseases possible to the crops are predicted; early diagnosis can help farmers to forecast yields. It can also help them make up for expected losses with other growing efforts or possibly contain the problem and save their crops.

Current Scenario & Future Plans

At present, Prospera’s technology is used by farms, especially in Spain and Mexico. Its clients include Walmart, Tesco, Sainsburys, and Aldi. In addition, the startup faces tough competition from Arable, PrecisionHawk, and DJI. Besides all this, Prospera plans to expand beyond the European greenhouses and legal cannabis in the U.S

About the recent Funding

Recently, this startup raised $7 million in new venture funding. Moreover, Bessemer Venture Partners led the Series A funding round.

It was reported that Prospera would probably use some of its Series A funds to work with a design services firm that will overhaul its hardware.

Will Prospera suit the Indian agricultural scenario? Express your views below.

Takeaways:-

  • Prospera is a Tel Aviv-based ag-tech startup.
  • It is inventing various systems that will help farmers keep a track of their crops. Similarly, farmers can improve the health of their crops, and optimize their operations.
  • Recently, this startup raised $7 million in new venture funding. Moreover, Bessemer Venture Partners led the Series A funding round.

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Startup-Buzz Team

Startup-Buzz Team

Startup-buzz Team is a collaborative group of entrepreneurs, researchers, writers and experienced professionals. Tied up together to bring the latest Startup Buzz going around the globe.

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