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Prospera Technologies Awarded as Technology Pioneer by
World Economic Forum

June 16, 2020

Prospera Technologies, an Agri-Tech leader that aims to transform the way food is grown with data and artificial intelligence, was selected among hundreds of candidates as one of the World Economic Forum’s “Technology Pioneers”.  Prospera is backed by leading investors including Bessemer, Qualcomm and Cisco, and partners with top tier agri-business leaders. Prospera has a  team of world-class computer scientists, physicists and agronomists working together to enable and utilize the digital transformation of Agriculture.   . 


The World Economic Forum’s Technology Pioneers are early to growth-stage companies from around the world that are involved in the design, development and deployment of new technologies and innovations, and are poised to have a significant impact on business and society. Technology Pioneers community is an integral part of the larger Global Innovators community of start-ups at the World Economic Forum.


Following its selection as Technology Pioneer, CEO and Co-founder of Prospera Daniel Koppel will be invited to participate at World Economic Forum activities, events and discussions throughout the year. Prospera will also contribute to Forum initiatives over the next two years, working with policymakers and private sector leaders to help define the global agenda on key issues. 


“We’re excited to welcome Prospera to our 20th cohort of Technology Pioneers,” says Susan Nesbitt, Head of the Global Innovators Community, World Economic Forum. “Prospera and its fellow pioneers are developing cutting edge technologies all over the world. Beyond their innovations, these firms are contributing greatly to improving the state of the world.”

 

"We believe that digital agriculture is the key to feeding a billion more people, with higher quality food, yet sustainably and with fewer resources. We look forward to contributing to the World Economic Forum dialogues on this challenge.” said Prospera Technologies' CEO and Co-founder Daniel Koppel. "It is an honor to be chosen as a Technology Pioneer of WEF. Our technology is already impacting millions of acres across multiple geographies and this is another step on our path to transform agriculture based on our leading technology and amazing team which I am so proud of.” 


This year’s cohort selection marks the 20th anniversary of the Tech Pioneers community. Throughout its 20-year run, many Technology Pioneers have continuously contributed to advancement in their industries while some have even gone on to become household names. Past recipients include Airbnb, Google, Kickstarter, Mozilla, Palantir Technologies, Spotify, TransferWise, Twitter and Wikimedia.


2020 Tech Pioneer firms are shaping the future by advancing technologies such as AI, IoT, robotics, blockchain, biotechnology and many more. The diversity of these companies extends to their leadership as well, as over 25% of 2020 Tech Pioneers are female led. The firms also come from regions all around the world, extending their community far beyond Silicon Valley. The full list of Technology Pioneers can be found here. 


Technology Pioneers have been selected based on the community’s selection criteria, which includes innovation, impact and leadership as well as the company’s relevance with the World Economic Forum’s Platforms


All info on this year’s Technology Pioneers can be found here: http://wef.ch/techpioneers20 

More information on past winners, information on the community and the application link can be found here


About Prospera: Prospera Technologies, Inc. is a developer of machine learning and computer 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 prospera.ag

About World Economic Forum: The World Economic Forum, committed to improving the state of the world, is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business and other leaders of society to shape global, regional and industry agendas. (www.weforum.org).


About the Global Innovators:

The Global Innovators Community is a group of the world’s most promising start-ups and scale-ups that are at the forefront of technological and business model innovation. The World Economic Forum provides the Global Innovators Community with a platform to engage with public- and private-sector leaders and to contribute new solutions to overcome current crises and build future resiliency.


Companies who are invited to become Global Innovators will engage with one or more of the Forum’s Platforms, as relevant, to help define the global agenda on key issues.


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
subscription-based model.

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
three years.
“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
visit www.valley-prospera.com

About Prospera
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

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