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9 July 2020
Monheim, Tel Aviv, 9 July 2020 – As part of its commitment to helping growers sustainably meet increasing global needs through digital solutions, Bayer has entered a strategic partnership with Prospera Technologies Inc., a leading AI data analytics company, specializing in machine learning. With a focus on agriculture, Prospera provides a transformative, digital farming system to vegetable greenhouse growers worldwide that generates insights and optimizes the growing process.
The collaboration brings together the strengths of Prospera’s data and AI capabilities with Bayer’s expertise in vegetable production, crop protection, and digital transformation, to provide an all-in-one, cloud-based service that will help transform grower operations and enable greater access to high-quality fruits and vegetables.
“At Bayer, we believe in the power of collaboration to bring more innovative, digital solutions to life. Our partnership with Prospera is our first step into solutions beyond the seed for the vegetable greenhouse market. We look forward to innovating with customers to find new ways of solving the problems that growers face every day,” said Chris Moore, Head of Digital Transformation for Bayer’s Vegetable Seeds business.
The joint solution will enable vegetable greenhouse growers to make more timely and insightful decisions that help optimize both the profitability and sustainability of their crops and operations. For example, using Prospera’s data visualization and analysis platform, pepper growers will be able to apply precise quantities of water to specific locations in the greenhouse, enabling more efficient use of natural resources and yielding more sustainably grown produce.
The initial roll out and in-field exploration of the offering will begin in July 2020 in Mexico, an important market for disruptive innovation and global vegetable production. Bayer and Prospera will collaborate with several key customers in the region to continuously adjust and enhance the digitized farming system, with the intent to expand globally in coming years based on growers’ needs and changing consumer demand.
“We are very excited to partner with Bayer, the world leading provider of vegetable seeds and crop protection solutions. We believe this collaboration can unleash tremendous value for vegetable greenhouse growers,” said Daniel Koppel, CEO and Co-Founder of Prospera Technologies. “Our advanced AI algorithms and data tools combined with Bayer’s complimentary knowledge and data sets have the potential to change the way vegetables are grown and help feed the world sustainably with fresh, nutritious food.”
Prospera Technologies, Inc. is a developer of machine learning and computer vision technologies that continuously monitor and analyze plant development, health and stress. Recently named one of The World Economic Forum’s Technology Pioneers, Prospera captures multiple layers of climate and visual data from the crop ﬁeld and provides actionable, easy-to-read insights to growers via mobile and web dashboards. Its team of world-class computer scientists, physicists and agronomists work with experienced agri-business leaders to meet growers where they are and revolutionize the way food is grown. For more information, please visit www.prospera.ag.
Bayer is a global enterprise with core competencies in the life science fields of health care and nutrition. Its products and services are designed to benefit people by supporting efforts to overcome the major challenges presented by a growing and aging global population. At the same time, the Group aims to increase its earning power and create value through innovation and growth. Bayer is committed to the principles of sustainable development, and the Bayer brand stands for trust, reliability and quality throughout the world. In fiscal 2019, the Group employed around 104,000 people and had sales of 43.5 billion euros. Capital expenditures amounted to 2.9 billion euros, R&D expenses to 5.3 billion euros. For more information, go to www.bayer.com.
Omaha, NE, Tel-Aviv, Israel and San Jose, CA: Valmont ® Industries, Inc. (NYSE: VMI), a
leading global provider of engineered products and services for infrastructure and irrigation
equipment for agriculture and the parent company of Valley ® Irrigation, and Prospera
Technologies Inc., a leading Israeli machine vision and artificial intelligence (AI) company
specializing in ag data, are pleased to announce their global partnership. The collaboration sets
the course to provide growers with autonomous crop management solutions generating greater
returns, while requiring fewer production inputs and resources.
“Valley Irrigation is transforming the center pivot from solely an irrigation machine to an
autonomous crop management tool,” Valmont President and Chief Executive Officer Stephen G.
Kaniewski commented. “Water remains our focus, as it is the number one determinant of crop
yield. Growers who use pivots have a natural advantage to use them as often as needed, given
their constant placement on the field. We can equip the structure to see what a grower may not
be able to detect, arming them with critical information that delivers more crop precision, saving
time, lowering costs and increasing yield.”
This exclusive global partnership is significant because it integrates artificial intelligence
technologies with center pivot irrigation. Valley Irrigation leads the industry with more than
60,000 connected devices globally and carries distribution strength through the industry’s
largest network of more than 500 dealers worldwide. The intelligence shared between these
connected devices and the pivot, along with the integration of data science, machine-learning
and AI, enables the two companies to develop real-time crop diagnoses and irrigation
recommendations, resulting in greater returns for the grower.
Prospera, founded in 2014, is a leading force in ag tech, committed to bringing advanced
machine learning (ML) technology to the agriculture sector. Backed by strategic investors
including Cisco, Qualcomm and Bessemer, Prospera has developed proven analytics,
algorithms and data layering to provide growers with irrigation and crop growthrecommendations. Prospera currently monitors over $5 billion of greenhouse production. The
partnership between the two companies will build on Prospera’s unique technology, expanding
application to large-scale fields.
Autonomous crop management will result in a self-learning machine, using inputs from
the field and the grower to deliver proper water, fertigation and chemigation. Launching in the
spring of 2019, Anomaly Detection is a fundamental building block for growers entering into AI
functionality. Providing visual detection of anomalies or issues, this technology provides
essential features to mitigate risks in the field, assisting the grower with their irrigation and crop
management practices. It will be available from Valley for all brands of pivots through a
Kaniewski said launching specific technology products to the market and product
adoption are two critical steps on the journey toward autonomous crop management. The joint
machine-learning technology is targeted to reach one million acres by 2020. To develop the
technology, the two companies collectively plan to invest more than $40 million over the next
“Like Valley, Prospera is committed to giving growers more data-based, actionable
insights from the machines that span every inch of their fields, while reducing potential risks that
can harm crop production,” said Prospera Chief Executive Officer Daniel Koppel. “We are
excited to partner with Valley Irrigation, the industry leader trusted by growers, and their global
network of dealers, working together to feed an expanding population.”
Agricultural professionals can find out more about the Valmont/Prospera partnership and
resulting technology at World AgriTech in San Francisco, March 19-20, 2019.
About Valley Irrigation
Valley Irrigation founded the center pivot irrigation industry in 1954, and our brand is the
worldwide leader in sales, service, quality and innovation. With historical sales of more than
250,000 center pivots and linears, Valmont-built equipment annually irrigates approximately 25
million acres (10 million hectares) around the world. We remain dedicated to providing
innovative, precision irrigation solutions now and into the future. For more information, please
Prospera Technologies, Inc. is a developer of machine vision technologies that
continuously monitor and analyze plant development, health and stress. Prospera captures
multiple layers of climate and visual data from the crop ﬁeld and provides actionable, easy-to-
read insights to growers via mobile and web dashboards. Its team of world-class computer
scientists, physicists and agronomists work with experienced agri-business leaders to meet
growers where they are and revolutionize the way food is grown. For more information, please
visit www.valley-prospera.comAbout Valmont Industries Inc.
Valmont is a global leader, designing and manufacturing highly engineered products that
support global infrastructure development and agricultural productivity. Its irrigation equipment
and services for large-scale agriculture improves farm productivity while conserving fresh water
resources. Its products for infrastructure serve highway, transportation, wireless communication,
electric transmission, and industrial construction and energy markets. In addition, Valmont
provides coatings services that protect against corrosion and improve the service lives of steel
and other metal products. For more information, please visit www.valmont.com