Four Triangle Region Companies Make Thrive’s Agtech Top 50 Report
San Francisco, March 11, 2019 – SVG Ventures today announced its 2019 THRIVE Top 50 Report, an annual ranking of 50 leading global AgTech companies exemplifying the best in agriculture and food-focused innovation.
The 2019 report uses data from SVG Ventures’ startup database and supplementary industry data to identify 50 companies that are series A funded and have recently fundraised as well as have a product in market.
Four Triangle Region companies, PrecisionHawk Inc, AgBiome, Pairwise Plants and Advanced Animal Diagnostics, made the list in three of the six technology categories – Biotechnology, Connected Devices, Cloud Services/Saas, Robotics & Automation, Next-Gen Farms, and Big Data & Analytics.
Big Data Analytics
PrecisionHawk is a global leader in developing and integrating commercial drone technology. From farming to disaster response, PrecisionHawk is using aerial technology to drive innovation by improving efficiency, increasing safety, generating additional revenue, and ultimately changing the way businesses view their assets and manage resources.
AgBiome is situated in Research Triangle Park, North Carolina at The Lab. They are an early stage provider of research and discovery of innovative crop solutions. Agriculture is the world’s largest and most important industry. With ever growing numbers of mouths to feed, decreasing land to farm and around 30% loss of yield to disease and pests, the need for innovative products is essential. The plant microbiome is a complex naturally occurring community of billions of microbes essential to life. By taking advantage of the untapped benefits of these organisms, AgBiome is discovering new solutions that work symbiotically with a plant, resulting in robust and sustainable crops.
Located in Durham, North Carolina, Pairwise is a new kind of agricultural company focused on using gene editing and leveraging natural diversity in agricultural crops in new ways to address global food challenges. They are working to develop new varieties of crops, and to partner with food and agriculture companies who seek to put nutritious food on tables across the globe. From developing novel genome editing tools to leveraging the natural genetic diversity of plants and creating robust partnerships and collaborations, we are working to address the biggest challenges facing the future of food – from affordability to convenience.
Advanced Animal Diagnostics provides on-farm diagnostics that increase profits and empower more precise care of animals so they live healthier, more productive lives. They are committed to researching, developing and commercializing the industry’s most reliable, on-farm diagnostic tests, such as QScout® MLD for early detection of subclinical mastitis in dairy cows. With their diagnostic offerings, they aim to empower real-time management decisions that increase productivity, prevent losses, improve animal welfare and protect our food supply.