Australian “Agriculture 4.0” company company The Yield Technology Solutions has received further backing this week, with the investment round including Yamaha Motor Ventures & Laboratory Silicon Valley and the Bosch Group.
The Yield is a maker of “hardware, data analytics and user-friendly apps” to monitor conditions for irrigation-intensive crops, allowing better farming decisions. Its customers include Costa berry farms in NSW, Queensland and Tasmania.
Yamaha led an $11 million in the IoT business, with Bosch Group announcing it had taken its total investment to $13.3 million. Bosch also serves as a technology partner on The Yield’s connectivity hardware.
“Bosch’s further investment in The Yield reflects our confidence that they have something quite unique, and are now gaining serious traction with corporate customers,” said Gavin Smith, President of Bosch Oceania, in a statement.
“There is no doubt, Agriculture 4.0 is coming of age, and Australia is poised to play a leading role thanks to companies like The Yield.”
The additional investment was “recognition of our efforts in delivering a world-class solution in weather and yield predictions for our customers,” added The Yield’s founder and managing director Ros Harvey.
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