Staying ahead of the technology curve means strengthening your competitive advantage. That is why we give you data-driven innovation insights into the agriculture sector. This time, you get to discover 5 hand-picked startups developing risk management solutions for agriculture.
Out of 198, the Global Startup Heat Map highlights 5 Top Risk Management Solutions impacting Agriculture
The insights of this data-driven analysis are derived from the Big Data & Artificial Intelligence (AI)-powered StartUs Insights Discovery Platform, covering 2 093 000+ startups & scaleups globally. The platform gives you an exhaustive overview of emerging technologies & relevant startups within a specific field in just a few clicks.
The Global Startup Heat Map below reveals the distribution of the 198 exemplary startups & scaleups we analyzed for this research. Further, it highlights 5 AgriTech startups that we hand-picked based on criteria such as founding year, location, funding raised, and more. You get to explore the solutions of these 5 startups & scaleups in this report. For insights on the other 193 risk management solutions for agriculture, get in touch.
Agrograph provides Agriculture Credit Scoring
Founding Year: 2016
Location: Madison, USA
Funding: USD 500 000
Partner for: Risk-based Pricing Models
US-based startup Agrograph creates AI-powered data solutions to anticipate trends and manage risks for the agricultural industry. Its solution, AGROS, generates various types of metric requests at the field level while providing insights on vast areas of land with extensive historical yield and crop history. In addition, the AGROS Volatility Index uses this historical data to make predictions that provide additional crop insurance protection by setting accurate and responsible rates and reserves.
Growers Edge offers a Farm Risk Management Platform
Founding Year: 2016
Location: Johnston, USA
Funding: USD 40 M
Partner for: Crop Management Plans
US-based startup Growers Edge builds grower-relevant risk management solutions. Its intelligent platform combines data science, public and private data sets as well as deep-learning algorithms to create warranty-backed crop management plans. These plans reduce the farmer’s risk and enable them to effectively plant, nurture, and harvest crops. Agricultural input loan origination is traditionally available to large retailers and input manufacturers only. Moreover, it is relatively inefficient with excessive disconnected steps, starting from the initial discussions with the borrower to booking the loan on an archaic loan servicing system. The startup’s solutions mitigate these drawbacks and ensure reliable and efficient risk management for farmers.
Ukko Agro facilitates Crop Loss Protection
Founding Year: 2017
Location: Toronto, Canada
Funding: USD 47 M
Partner for: Predictive Analytics
Ukko Agro is a Canadian startup that provides predictive analytics for crop disease, growth stages, and irrigation monitoring. Its solution aggregates weather, soil, and crop data from in-field devices and enterprise resource planning (ERP) platforms to forecast crop risks and suggest corrective or preventive actions. Using proprietary machine learning (ML) algorithms and plant science results in informative online dashboards. In agricultural operations, farm owners, operators, and managers plan or estimate a percentage of crop loss for each harvest. This crop loss arises from various environmental changes that may occur during the growing season and, therefore, are highly challenging to predict at the beginning of a planting season. Ukko Agro’s forecasting solution, on the other hand, allows farms to continuously monitor the changes in the farm environment and predict potential upcoming risks to minimize crop loss and streamline farm operations.
BirdsEyeView Technologies provides Weather Insurance
Founding Year: 2019
Location: London, UK
Funding: USD 490 000
Partner for: Parametric Insurance
British Insurtech startup BirdsEyeView Technologies offers insurance to reduce the risk of weather-related damage to crops. The startup’s parametric weather-risk cover is tailored to requirements as well as it makes immediate payouts when the chosen rainfall or drought trigger is met or exceeded. Moreover, it uses satellite data to remotely monitor local farm conditions to provide quick insurance quotations. Globally, a vast majority of farmland is uninsured and is open to risks from adverse weather factors, further accelerated due to rapid climate change. BirdsEyeView’s solution overcomes time-consuming, expensive, and traditional subjective insurance practices to enable data-driven decision-making for crop protection.
Agrovisio provides Agricultural Land Insights
Founding Year: 2017
Location: Tallinn, Estonia
Partner for: Farm Analytics
Agrovisio is an Estonian startup that provides farmers with data-driven insights on farmland. The startup’s solution provides information on the location of the best-performing fields for selected crops within the grower’s region to maximize crop yields. Additionally, they also provide regional and global crop supply insights that are periodically updated for farmland buyers to have accurate estimates of the land value and associated risks driven by Agrovisio’s AI algorithms.
Discover more AgriTech Startups
AgriTech startups such as the examples highlighted in this report focus on weather analytics, farm management, crop protection, and geospatial intelligence. While all of these technologies play a major role in advancing the agricultural industry, they only represent the tip of the iceberg. To explore more agricultural technologies, simply get in touch to let us look into your areas of interest. For a more general overview, you can download our free AgriTech Innovation Report to save your time and improve strategic decision-making.