Yamaha Motor Ventures Leads $7.5 Million Series A Funding Round For Agtech Startup Verge Ag

Apr 28, 2022•about 3 years ago

Amount Raised

$7.5 Million

Round Type

series a

Palo Alto

Description

Yamaha Motor Ventures, the strategic business development and investment arm of Yamaha Motor Co., Ltd. (Tokyo: 7272), today announced it led a $7.5 million Series A funding round for Verge, developers of the world’s first AI-powered interactive software that enables farmers to plan, simulate, and validate the movement of equipment in the field and execute field operations efficiently.

Company Information

Company

Verge Ag

Location

Palo Alto, California, United States

About

Headquartered in Alberta, Canada, Verge Ag is accelerating the necessary transition to autonomous farming with Launch Pad, the world’s first AI-powered interactive software for farm operations planning. Providing growers with the ability to remotely plan and optimize the movement of farm equipment, Launch Pad fills a critical gap in the efforts to authentically automate farm operations. With successful activations in North America, Latin America, CIS, and Australia, growers of broadacre row crops with Launch Pad optimization demonstrate increased profitability through direct expense reduction (fuel, chemical, and machinery hours), improved fleet optimization, and increased operational efficiencies. Learn more about Verge at www.vergeag.com or contact us at info@vergeag.com

Yamaha Motor Ventures Leads $7.5 Million Series A Funding Round For Agtech Startup Verge Ag

Description

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Company Information