The Yield has closed $6.5 million in financing to expand farm sensors from Australia to U.S.
The Australia-based company produces sensors that inform farmers about “microclimate” data on their farms, like water and soil quality.
Farmers then use a subscription service to make harvesting decisions. Many large, sophisticated farming operations still largely rely on sight and instinct to address problems and make harvesting decisions.
The agriculture “internet of things” startup was backed by Bosch, KPMG and AgFunder, an online investment platform.
It intends to use the latest funding to expand into irrigated crops and to the U.S. The Yield has raised $11.5 million to date.
The Yield originally served Australian oyster farmers.
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Photo credit: Precision Ag
