Verge Agriculture Closes $7.5 Million Series A Financing Led by Yamaha Motor Ventures

22 Jun 2022 11:59 AM By AJ

Verge Agriculture is delighted to share that we have received $7.5 million in Series A Funding led by Yamaha Motor Ventures. The funding was also supported by venture capital firms Fall Line Capital, SP Ventures and Artesian/GrainInnovate. This will help us scale our interactive planning software, Launch Pad, and positions Verge to lead the creation of a digital twin of the farm, which will help growers assess field and equipment dependencies when planning their operations.

What does this mean for growers?

“We are developing a solution that helps farmers manage their land and equipment to efficiently and remotely execute field operations, enabling farming to be truly autonomous,” says Ryan Johnson, CEO of Verge. “This capital powers our strategic plan to increase the adoption of Launch Pad in key markets including the US, Latin America, EU, and Australia. ”

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Launch Pad enables growers to plan, simulate, and validate the movement of equipment in the field. By using our software, growers are able to execute field operations more efficiently than ever before. Our aim is to simplify farm planning to reduce decision making in the field and help reveal greater profit in every acre that is farmed. Growers can plan the best routes for their equipment, in their own fields. This reduces overlap and compaction, save fuel and minimize the over application of seed and fertilizer. Scaling the software will help us continue to support even more farm operations around the globe.

This funding will help us revolutionize planning even further by developing the digital twin of a user’s farm. This will help farmers characterize their fields, crops, terrain, and environmental factors that impact operational windows. It means farmers will be able to collaborate and interact with their fields and equipment like they always used to, but without actually entering their fields. 

Get started today.  Create a free Launch Pad account and get started.  

This press release does not constitute an offer or sale of any securities. Any securities offered  may not be offered or sold in the United States or Canada absent registration or an applicable exemption from registration requirements. 

Forward-Looking Statements

This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such statements uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.