Leaf Agriculture announces a $13M Series B co-led by Leaps by Bayer and a group of prominent industry strategics. This financing solidifies Leaf’s role as the premier provider of agricultural data management solutions. By providing access to cleaned and structured information, Leaf enables its partners to develop advanced AI tools for the industry.
Most acres are now digitized, and data drives more profitable operations for farmers, retailers and dealers, crop insurance companies, seed & chemical companies, and more.
But as adoption of digital technology rapidly ramps up in agriculture, so has the complexity of disconnected systems and data. One key limitation to the growth of these new tools is that the devices collecting the data all operate in their own incompatible siloed ecosystems storing information like farm boundaries, product names, and agronomic practices in different databases, proprietary file formats, and calibrations. This lack of alignment limits companies and farmers from using their data for decisions across pre-planning, planting, growing, harvesting and selling their crops.
Leaf occupies the same infrastructure layer in agriculture that Stripe does in payments or Plaid in banking – invisible to end users but mission-critical for the companies building on top of farm data.
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In today’s extremely challenging farm economy, Leaf’s services are in demand more than ever by major ag retailers, input companies, crop insurers, food processors, and commodity traders as they push to optimize their operations and embrace the power of AI. As the world’s leading agricultural data company and with the support of industry leaders, Leaf is in the rare position to catapult the agricultural sector into a new era of AI-enabled efficiency that will benefit farmers, agriculture companies, and consumers.
“Digital tools are transforming how farmers use our seeds and crop protection products, with platforms like FieldView leading the way,” said Dr. Jeremy Williams, Head of Digital Farming and Commercial Ecosystems at Bayer Crop Science. “Leaf allows more farmers to harness their FieldView data for crop insurance, sustainability and agronomic decision support through their connected partner network. Leaf’s capabilities align with our focus on ecosystem connectivity, and our investment in Leaf via Leaps by Bayer is a concrete step in our commitment to deliver better returns and a simpler digital experience for farmers.”
“From day one, Leaf has been about pushing Agriculture into the future. Better data has always led to better decisions, and now AI is magnifying the advantage for companies who use Leaf to manage, clean, and organize their data. Having strategic investors like Leaps by Bayer alongside us propels us forward and allows us to help more companies and farmers realize the power of their data.”
SOURCE: PRNewswire
