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Valmont buys Israeli ag-tech AI co Prospera for $300m

Valmont buys Israeli ag-tech AI co Prospera for $300m The Tel Aviv-based company develops intelligent solutions to help farmers grow crops more efficiently. US agricultural services and irrigation equipment company Valmont Industries Inc. (NYSE: VMI) today announced it has entered into a definitive agreement to acquire Israeli based ag-tech AI company Prospera Technologies for $300 million. The deal is expected to close in the second quarter of 2021. Prospera was founded in 2014 by CEO Daniel Koppel, Shimon Shpiz, and Raviv Itzhaky and since 2019 has been teaming with Valmont on digital and autonomous farming. The Tel Aviv-based company develops intelligent solutions to help farmers to grow crops more efficiently. The partnership has expanded Prospera s solutions, monitoring five million acres in 2020 against an original estimate of one million, with twice as many growers using the service as compared to 2019. Grower adoption is expected to double in 2021, with greater acceleratio

10 Israeli startups on CB Insights AI 100 list for 2021

10 Israeli startups on CB Insights’ AI 100 list for 2021 This year’s cohort represents 12 countries and is driving innovation across 18 industries including healthcare, climate risk and virus modeling. Dotan Asselmann (CTO) and Tamir Wolf (CEO), cofounders of surgical intelligence platform Theator. Photo courtesy of Theator The New York-based technology insights platform’s research team picked these 100 private market vendors from a pool of over 6,000 applicants and nominees. Representing 12 countries and 18 industries, they were chosen based on factors including business relations, investor profile, R&D activity, market potential, team strength and tech novelty. Seven of the 10 are headquartered in Israel: • Beewise invented the world’s first autonomous beehive, Beehome, which houses up to 40 bee colonies. Beekeepers can mind them through a mobile app.

Pharma giant Bayer scouts Israeli startup scene in search of competitive edge

Hugo Hagen, the managing director & country division head of Bayer, Israel. (Courtesy: Danit Nitzan/Bayer) If the coronavirus pandemic has proved something to global pharmaceutical giants, it is that they need to tap into the power of younger, nimbler startups and the latest technologies to be able to stay at the top of their game and ahead of competition. Of the three coronavirus vaccines being widely distributed in the West, one was the result of a partnership between a blue chip pharma firm and a biotech startup Pfizer-BioNTech; one was the result of a collaboration between another massive firm and a university AstraZeneca-Oxford; and one was developed by a pharmaceutical company that has barely been around for a decade Moderna.

Agritech Market to See Huge Growth by 2026 | Ag Junction, Vision Robotics, IBM, Topcon

Agritech Market to See Huge Growth by 2026 | Ag Junction, Vision Robotics, IBM, Topcon
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