Friday, June 12, 2020

USD 16.9 billion globally to Agri-Food Tech startups

In recent years, we’ve grown aware of the need for everyone in the agri-food value chain to be involved – from the farmers and their communities to less-common collaborators like innovators, investors, corporations and developers. A great amount of capital is being invested: 2018 alone attracted venture capital investments to the tune of USD 16.9 billion globally to Agri-Food Tech startups, a 43% year-over-year increase. And at the //DevCon/ Digital Economy Summit 2020 held in Jakarta back in February – the largest developer conference we’ve ever held in Asia-Pacific – four out of 14 presentations were on AI for agriculture.

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