Yamaha Motor Ventures and Laboratory Silicon Valley, Inc., which is essentially a strategic investment and business development arm of Yamaha Motor Co., Ltd, recently announced that it has led an initial funding round of AUD 11 million for The Yield Technology Solutions Ltd.
The Yield is an award-winning ag technology firm in Australia that is involved in the transformation of farming practices for crops that are irrigation-intensive with relative digital technology solutions.
The Yield investment presents a strategic focus in order to support the application data-based solutions to the overall food supply chain in the portfolio of ag technology enterprises of Yamaha Motor Ventures, through the Yamaha Motor Exploratory Fund worth USD 100 million.
Global Ag-Tech Lead as well as the partner at Yamaha Motor Ventures, Nolan Paul said that the approach to strategic investment by the company towards the agriculture sector across the globe, which is positioned on precision solutions as well as hyperlocal management of the crops, have led the company towards The Yield along with its striking ability to be able to deliver agronomic insights to the specialty crop industry.
Nolan further stated that The Yield partners closely with sophisticated growers to promote ROI in a range of high valued crops. The opportunity for the investment is the main synergistic addition in the Yamaha Motor Ventures portfolio.
Apparently, the funding round of AUD 11 million was led by Yamaha Motor Ventures and had also involved the participation of Bosch Group.
According to reliable sources, the sensing platform of The Yield helps supply the in-field microclimate data to the Propriety AI modeling application of the company and delivers predictive insights to the major commercial growers for managing main decisions of production around feeding, harvest, irrigation, and protection.
The Yield’s technology shall make a major impact on both profitability and productivity of corporate growers, across New Zealand and Australia.
Source Credit- https://www.tullahomanews.com/news/business/yamaha-motor-ventures-leads-funding-round-for-australian-ag-tech-company-the-yield-technology-solutions/article_ea43665e-9243-59c5-9fde-cbd3fbbb352b.html