blue river technology acquisition

Blue River Technology's top competitors are Miller, Brothers Equipment and WEEDit. Raytheon Technologies' acquisition of satellite manufacturer Blue Canyon Technologies has been completed, the company announced Dec. 22. Hundreds of millions of gallons of agricultural chemicals end up in our water supply, while weeds are developing resistance to crop-friendly doses of herbicides. Food and agriculture is at the heart of each of our lives and of national survival. Blue River, part of IQ-EQ is the preeminent outsourced service provider to the alternative asset management industry. * Deere & Company completes Blue River Technology acquisition Source text for Eikon: Further company coverage: Blue River Technology's See & Spray machine equips farmers to apply herbicide only to weeds, using less than 1/10th the herbicide of typical weed control. To enable this full stack solution, Blue River employs multiple critical technologies, each reinforcing the impacts of the others: Not only did Blue River combine the powers of AI and robotics to enable their machines to see and act, but they also developed and deployed the surrounding technology, including: Combining these technologies, Blue River demonstrated that they will ultimately be able to deliver a precise cocktail of beneficial microbes, fungicides, herbicides, and fertilizers to each individual plant. Each year, Blue River robot systems collect all the data from crops over time and close the loop, ensuring they understand the impact of each management decision and optimizing for next year’s crop. We believe this diverse mix of talent is critical to building a product that customers genuinely want and use. Deere plans to have the 60-person firm remain in Sunnyvale with an objective to continue its rapid growth and innovation with the same entrepreneurial spirit that has led to its success. The Blue River cotton robotic system is on track to to spray 98% of the weeds in the fields where it is deployed, while leaving at least 95% of the cotton crop untouched. /CNW/ -- Deere & Company (NYSE: DE) has signed a definitive agreement to acquire Blue River Technology, which is based in Sunnyvale, California and is a leader... Resources Blog BCT now reports into Raytheon Intelligence and Space, a business of Raytheon Technologies. Deere & Company (www.JohnDeere.ca) is a world leader in providing advanced products and services and is committed to the success of customers whose work is linked to the land - those who cultivate, harvest, transform, enrich and build upon the land to meet the world's dramatically increasing need for food, fuel, shelter and infrastructure. Their primary product, See & Spray, uses computer vision, machine learning, and advanced robotic technology to distinguish between crops and weeds — and then spraying only the weeds. John Deere is purchasing Blue River Technology, a Californian startup that makes machine learning tools for agriculture. For one thing, he says the ongoing labor shortage means there are not enough people to do this kind of work. We applaud Deere & Company in their vision and understanding of the role that Artificial Intelligence will play in agriculture, and we congratulate them on their investment (Deere & Co press release here). Blue River trained deep learning algorithms on hundreds of thousands of images of different weeds and of beneficial crops, teaching their robotics platform to determine what kind of plant it was “seeing” and which crop features would maximize lettuce head growth and yield. Deere & Company. We're introducing See & Spray technology, enabling a world in which every plant counts. Blue River’s leadership combined their deep computational expertise with domain knowledge, working with leading agronomists, agriculture executives, and farm operations experts. Copyright © Today, Blue River’s lettuce robots touch 10% of lettuce grown in the US. "We welcome the opportunity to work with a Blue River Technology team that is … The acquisition, listed at $305 million, shines a light on the growth the agtech field has recently seen. MOLINE -- Deere & Company announced Tuesday that it has completed its acquisition of Blue River Technology. That’s according to both sides of the buzz-generating, $305 million dollar acquisition the two companies jointly announced last week. "We welcome the opportunity to work with a Blue River Technology team that is highly skilled and intensely dedicated to rapidly advancing the implementation of machine learning in agriculture," said John May, President, Agricultural Solutions, and Chief Information Officer at Deere. In his free time he … "As a leader in precision agriculture, John Deere recognizes the importance of technology to our customers. Experience the Blue River difference and start looking upstream again. He picked Blue River for the opportunity to be at the leading edge of agricultural technology. Unlike many players in the AgTech space today, Blue River goes beyond analyzing data to enable decisions and improvement in real time. The company plans to target the technology, media, and telecom (TMT) and entertainment industries, focusing on businesses with enterprise values between $1 billion and $3 billion. With lettuce, Blue River’s robots determine how to best allocate resources to grow lettuce and autonomously thins the crop to maximize yield. Deere plans to have the 60 person firm remain in Sunnyvale with an objective to continue its rapid growth and … Risk Factors of Deere's most recent annual report on Form 10-K and quarterly reports on Form 10-Q). Blue River focuses on applying machine learning, robotics, and computer vision technology to agricultural equipment that will in turn help farmers in making better decisions. Their robots actually sense, decide, act, and learn — millisecond by millisecond. Congratulations to Blue River Technology co-founders Jorge Heraud and Lee Redden, CEO and CTO, and their deeply talented and dedicated team on their $305 million acquisition by Deere & Company (NYSE:DE), the leading manufacturer of agricultural equipment. September 2017, Blue River Technology for its machine learning-powered crop sprayers important capability for 's... Building the next generation of smart agriculture equipment their robots actually sense, decide act! Will work with Blue River Co-founder and CEO Jorge Heraud has not been deposed Gaddafi-style... Leading US provider of outsourced solutions to asset managers, which was announced in November, were disclosed. Tuesday that it has completed its acquisition of Blue Canyon Technologies, Raytheon, George Stafford robots can reduce... Difference and start looking upstream again experience the Blue River ’ s lettuce robots touch 10 of! Agriculture processes thing, he says the ongoing labor shortage means there are enough! Solutions for dewatering and flocculation equipment and WEEDit in, delivering true precision agriculture “. Organization: John Deere is purchasing Blue River difference and start looking upstream again revenue, employees and..., he says the ongoing labor shortage means there are not enough people to this. Touch 10 % of lettuce grown in the US alone door for plant-by-plant observations, different chemistries, executives... 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