Hebei Lansheng Biotech Co., Ltd.
Beijing Multigrass Formulation Co., Ltd.

PrecisionHawk announces DuPont as newest investorqrcode

May. 2, 2016

Favorites Print
Forward
May. 2, 2016
PrecisionHawk – a leading provider of aerial data and safety platforms for drones – announced recently that DuPont has joined its previously announced round of series C funding. As a top provider of drones and drone data tools for the agricultural market, PrecisionHawk has been providing its tools and services to DuPont as a customer for a number of years. This collaboration will work to accelerate the commercial use of drones and build the tools that matter for agriculture.
 
 “At DuPont Pioneer, we’re driving a new era of agriculture productivity that enables farmers to increase profitability and sustainability through data-driven insights,” said Neal Gutterson, DuPont Pioneer Vice President of Research & Development. “The deepening of our relationship with PrecisionHawk is an important part of the Pioneer digital agriculture platform strategy, as well as our Encirca℠ services offering.  Our goal is to provide growers valuable prediction-based product placement insights by incorporating elite genetics, agronomic management and environmental variation analysis into our already successful prediction-based breeding program.”
 
This investment, brings PrecisionHawk’s total funding to more than $30 million to continue product innovation and global expansion of the company’s terrestrial data services, DataMapper and low-altitude safety infrastructure, LATAS.
 
Both DuPont and PrecisionHawk recognize the opportunity for drone technology solutions in agriculture.  Previous analyst reports have estimated this economic impact to exceed $60B over the next 10 years.
 
“Working with an influential client like DuPont, we immediately saw the value that has yet to be unlocked for aerial data analysis in agriculture,” said Christopher Dean, President of PrecisionHawk. “With investors now representing the agriculture, insurance, and telecommunication industries, PrecisionHawk is well positioned to understand the nuance that will help us create unique value for all of our commercial partners.”
 

Picture 0/1200

More from AgroNews

Magazine

2020 India Pesticide Suppliers Guide 2020 Market Insight
2020 CRO & CRAO Manual 2020 Biologicals Special
2020 Latin America Focus 2020 Formulation & Adjuvant Technology
I wanna post a press Comment

Subscribe 

Subscribe Email: *
Name:
Mobile Number:  

Comment  

Picture 0/1200

Subscribe to daily email alerts of AgroNews.