Spray technology: quarter-inch accuracy, unprecedented in agriculture, ultimately allows Blue River to spray the most effective herbicide only on each weed, and to fertilize leaf-by-leaf, plant-by-plant. Future Competition: Blue River Technology's Fastest Growing Competitors These companies are in the same general field as Blue River Technology and are rapidly expanding. Tuesday December 22, 2020 0 comments Tags: Boulder, Blue Canyon Technologies, Raytheon, George Stafford. “We welcome the opportunity to work with a Blue River Technology team that is highly skilled and intensely dedicated to rapidly … Deere & Company is investing in machine learning for farm equipment, announcing a US$305 million deal to fully acquire Blue River Technology. Financial Government Solutions Legal Reuters News Agency Risk Management Solutions Tax & Accounting Blog: Answers On Innovation @ Thomson Reuters This precise targeting ultimately reduce chemical usage by more than 90%, resulting in cost savings to the farmer and fewer harmful chemicals in our soil. John and Kiersten also brought, from themselves, and from an incredibly broad network of relationships, the deep understanding of plant genetics and molecular biology that informed and help make Blue River’s plant-by-plant AI systems successful. EXPANDING INTO THE FUTURE Continuing to develop exciting new technologies Jorge, the CEO, was previously an executive at Trimble Navigation, bringing with him a knowledge of the true needs of commercial agriculture — a skill set that is rare in Silicon Valley. Technology is the future. Use the PitchBook Platform to explore the full profile. That’s according to both sides of the buzz-generating, $305 million dollar acquisition the two companies jointly announced last week. Raytheon Technologies [RTX] on Monday completed its acquisition of small satellite manufacturer Blue Canyon Technologies (BCT), giving it a play in the growing market for small satellites. The ag giant is buying Blue River Technology for … To enable this full stack solution, Blue River employs multiple critical technologies, each reinforcing the impacts of the others: Not only did Blue River combine the powers of AI and robotics to enable their machines to see and act, but they also developed and deployed the surrounding technology, including: Combining these technologies, Blue River demonstrated that they will ultimately be able to deliver a precise cocktail of beneficial microbes, fungicides, herbicides, and fertilizers to each individual plant. Risk Factors of Deere's most recent annual report on Form 10-K and quarterly reports on Form 10-Q). * Deere & Company completes Blue River Technology acquisition Source text for Eikon: Further company coverage: Blue River, part of IQ-EQ is the preeminent outsourced service provider to the alternative asset management industry. In his free time he … We are grateful for John and Kiersten’s help, especially Kiersten, who truly played a leadership role in driving this outcome for Blue River. DCVC could not be prouder to back yet another successful journey like Jorge’s, bringing benefit to the world at large, and we look forward to seeing what he and Lee, his co-founder, conceive of next on the foundation of their success. Copyright © Blue River has designed and integrated computer vision and machine learning technology that will enable growers to reduce the use of herbicides by spraying only where weeds are present, optimizing the use of inputs in farming – a key objective of precision agriculture. Their robots actually sense, decide, act, and learn — millisecond by millisecond. LAFAYETTE — Global aerospace and defense company Raytheon Technologies Corp. (NYSE: RTX) has completed its acquisition of Lafayette-based Blue Canyon Technologies LLC, a small-satellite manufacturer.The deal, first announced in November, brings Blue Canyon under Raytheon Intelligence & Space, a business unit of Arlington, Virginia-based Raytheon.“Raytheon Intelligence & … "We are using computer vision, robotics, and machine learning to help smart machines detect, identify, and make management decisions about every single plant in the field.". Blue River Technology has been acquired by John Deere* for $305 million. Deere & Company (www.JohnDeere.ca) is a world leader in providing advanced products and services and is committed to the success of customers whose work is linked to the land - those who cultivate, harvest, transform, enrich and build upon the land to meet the world's dramatically increasing need for food, fuel, shelter and infrastructure. Blue Canyon Technologies Announces Completion of Acquisition by Raytheon Technologies. Just this summer the company released its “See & Spray” weed control machine. BOULDER, Colo. (Blue Canyon Technologies PR) — Leading small satellite manufacturer and mission services provider Blue Canyon Technologies (“BCT” or “Blue Canyon”) announced today the completion of its acquisition by Raytheon Technologies (NYSE: RTX), an aerospace and defense company that provides advanced systems and services for commercial, military and government … There are 911 million acres of farmland in the US alone. MOLINE, Ill. (Sept. 6, 2017) — Deere & Co. (NYSE: DE) has signed a definitive agreement to acquire Blue River Technology, which is based in Sunnyvale, Calif., and is a leader in applying machine learning to agriculture. "We welcome the opportunity to work with a Blue River Technology team that is … Blue River Technology Blue River Technology employs computer vision and robotics technologies to build intelligent solutions for the agricultural industries. Deere said it will invest $305 million to fully acquire Blue River Technology. Blue River is a middle market merger and acquisition advisory firm with deep experience representing buy-side and sell-side clients, spanning a broad array of industries. Deere & Company. That’s according to both sides of the buzz-generating, $305 million dollar acquisition the two companies jointly announced last week. Companies may grow organically or through acquisition. Blue River's solution starts here. Transaction Name Blue River is a quintessentially Silicon Valley success story in that it was founded and nurtured by an immigrant innovator, like over 50% of the successful exits in Silicon Valley over the last several decades. Blue River has created and fielded real-time autonomous agricultural robots. See Blue River Technology's revenue, employees, and funding info on Owler, the world’s largest community-based business insights platform. Deere said it will invest $305 million to fully acquire Blue River Technology. In our work with Monsanto from top to bottom over close to a decade, it’s been demonstrated over and over again that Monsanto is not a herbicide company — they are a “feed more people” company. Blue River has developed a farm robotics technology using computer vision that can see, diagnose, and execute actions such as deciding to spray a weed with herbicide – avoiding the crop – or to thin the crop. Following the investment, Partners Group will work with Blue River’s management team to support both organic and acquisitive growth. May said the investment in Blue River Technology is similar to Deere's acquisition of NavCom Technology in 1999 that established Deere as a leader in the use of GPS technology for agriculture and accelerated machine connectivity and optimization. Introducing See & Spray: Precisely spraying herbicides only where needed. And one, developed by a Silicon Valley start-up Blue River Technology… Blue River exemplifies the Data Collective thesis, combining: to transform the $5 trillion global industry. Building smart farm machines to manage crops at a plant-level Today, the best practice is to treat all plants as if … For most of this acreage, farmers are forced to spray the entire field with herbicides (e.g., RoundUp) — individually weeding the fields would be prohibitively time consuming and costly. September 6, 2017 | Posted in Manufacturer News. Raytheon initially agreed to acquire BCT in November. 4WD and Track Tractors (370-620 Engine HP), Gator™ Utility Vehicles Attachments & Accessories, Utility Tractors Attachments & Implements, Operator's Manual for Construction & Forestry. /CNW/ -- Deere & Company (NYSE: DE) has signed a definitive agreement to acquire Blue River Technology, which is based in Sunnyvale, California and is a leader... Resources Blog However, global agricultural practices are severely straining the Earth’s resources — innovation is absolutely needed to ensure we can sustainably feed ourselves and our children for generations to come. “We welcome the opportunity to work with a Blue River Technology team that is highly skilled and intensely dedicated to rapidly advancing the implementation of machine learning in agriculture,” said John May, President, Agricultural Solutions, … So Tanimura & Antle is trying out automated lettuce thinning machines in some of its fields. “The acquisition of Blue River marks a key milestone for us as it strategically increases our presence in the US, the largest and fastest growing fund administration and regulatory compliance market in the world, cementing our position as one of the top 4 investor services firms globally,” said IQ-EQ’s, group executive chairman, Serge Krancenblum. We applaud Deere & Company in their vision and understanding of the role that Artificial Intelligence will play in agriculture, and we congratulate them on their investment (Deere & Co press release here). Deere & Company has signed a definitive agreement to acquire Blue River Technology, which is based in Sunnyvale, California and is a leader in applying machine learning to agriculture. Since 1837, John Deere has delivered innovative products of superior quality built on a tradition of integrity. For one thing, he says the ongoing labor shortage means there are not enough people to do this kind of work. Deere, except as required by law, undertakes no obligation to update or revise the forward-looking statements, whether as a result of new developments or otherwise. All Rights Reserved. Blue River trained deep learning algorithms on hundreds of thousands of images of different weeds and of beneficial crops, teaching their robotics platform to determine what kind of plant it was “seeing” and which crop features would maximize lettuce head growth and yield. It’s a measure of their intellectual honesty in this regard, and their commitment, that the brilliant team leading Monsanto Growth Ventures, Dr. John Hamer, PhD and Dr. Kiersten Stead, PhD were “all in” on helping us grow Blue River. In addition, actual results, performance, events, and transactions, are subject to other risks and uncertainties that relate more broadly to Deere's overall business, including those more fully described in Deere's filings with the U.S. Securities and Exchange Commission ("SEC") (including, but not limited to, the factors discussed in Item 1A. The founders of Blue River will continue to hold a sizeable equity stake in the company. Join Blue River in bringing agriculture to the digital era See below to find our open positions and to learn what it's like to work with us We are excited to transform global agriculture through cutting-edge technology, and are looking for ambitious and innovative people to join our team in the journey Since the acquisition in 2017, Blue River has more than just grown exponentially — they’ve gained access to world-class experience in equipment manufacturing. Blue River Technologies is located in East Central Indiana, specializing in servicing small to medium size municipal and industrial waste treatment plants, agricultural dewatering, private and municipal lagoon cleanout and dewatering. "As a leader in precision agriculture, John Deere recognizes the importance of technology to our customers. However, this method is failing. Blue River Technology is building the next generation of smart agriculture equipment. Blue River Technology Machinery Sunnyvale, California 7,262 followers Our mission is to create intelligent machinery that solves monumental challenges for our customers. Blue River Technology's top competitors are Miller, Brothers Equipment and WEEDit. The company plans to target the technology, media, and telecom (TMT) and entertainment industries, focusing on businesses with enterprise values between $1 billion and $3 billion. MOLINE, IL - Agtech as an industry is quickly becoming a magnet for investments and innovation, as evidenced by John Deere’s acquisition of Artificial Intelligence (AI) company, Blue River Technology, on Wednesday. John Deere acquires Blue River Technology for $305 million, bringing full stack AI to agriculture By Data Collective 09.06.17. Not only is John Deere’s computer vision technology “rudimentary” compared to Blue River’s, according to Teeple, but the startup “has a collection of unique talent from academia, and a diverse set of experience which, together with technology advancements in last couple of years in hardware tech and GPUs where you can now do processing on the edge [without the internet] as … We can provide you with economical solutions for dewatering and flocculation equipment and supplies. While remaining an independently-run subsidiary with entrepreneurial spirit, the partnership gives Blue River access and support from one of the world's leaders in precision agriculture. Blue Canyon Technologies announces final acquisition by Raytheon Technologies. Terms of the deal, which was announced in November, were not disclosed. That’s where Blue River comes in, delivering true precision agriculture — “plant by plant, leaf by leaf.”. Earlier this month, Deere said it signed an agreement to buy the Sunnyvale, Calif., company. John Deere is purchasing Blue River Technology, a Californian startup that makes machine learning tools for agriculture. The acquisition, listed at $305 million, shines a light on the growth the agtech field has recently seen. Blue River Technology, which uses robotics and computer vision to optimize agriculture by, for instance, determining which lettuces to thin out of a row and which to keep, has closed a $10 million Se Raytheon Technologies completed its acquisition of Blue Canyon Technologies (BCT), the companies announced Monday. With lettuce, Blue River’s robots determine how to best allocate resources to grow lettuce and autonomously thins the crop to maximize yield. MOLINE -- Deere & Company announced Tuesday that it has completed its acquisition of Blue River Technology. The acquisition of the Silicon Valley artificial intelligence and farm equipment making startup by farming’s largest equipment manufacturer (Deere), is a great success story with a bit of a twist. MOLINE, Illinois (September 12, 2017) — Deere & Company (NYSE: DE) announced today that it has completed its acquisition of Blue River Technology. We're introducing See & Spray technology, enabling a world in which every plant counts. As of September, 2018 you can find us at: 605 W California Ave. Sunnyvale, CA 94086 Blue River’s clients come from many industries and sectors. Deere plans to have the 60 person firm remain in Sunnyvale with an objective to continue its rapid growth and … Farmers need a better solution. Experience the Blue River difference and start looking upstream again. John Deere's is acquiring Blue River Technology for its machine learning-powered crop sprayers. 2021 Blue River Technology was acquired by John Deere for $305M on Jan 1, 2017. To that end, they are always on the look-out for the best technology for the best crop yield at the least economic and environmental impact for the farmer. We are incredibly proud of the progress they have made since we invested in 2013. Blue River’s technology opens the door for plant-by-plant observations, different chemistries, and enables real-time, closed-loop precision agriculture. The acquisition will allow BCT to grow its product line Blue River Technology (www.BlueRiverTechnology.com) is a pioneer in applying machine learning to help farmers optimize every plant in their fields. Blue River Technology Inc. develops agriculture technology. Risks and uncertainties include, among other things, risks related to the satisfaction of the conditions to closing the acquisition in the anticipated timeframe or at all, risks that the expected benefits from the proposed acquisition will not be realized or will not be realized within the expected time period; the risk that the businesses will not be integrated successfully; significant transaction costs; unknown or understated liabilities; other business risks, including the effects of industry, market, general economic, political or regulatory conditions; future currency exchange and interest rates; changes in tax and other laws, regulations, rates and policies; and future business combinations or disposals. The Blue River cotton robotic system is on track to to spray 98% of the weeds in the fields where it is deployed, while leaving at least 95% of the cotton crop untouched. Earlier in September, Deere said In some cases apparently high growth rates may be caused by data that weren't available in previous years. Each year, Blue River robot systems collect all the data from crops over time and close the loop, ensuring they understand the impact of each management decision and optimizing for next year’s crop. By providing equipment that can see and manage each plant, Blue River helps farmers reduce inputs, increase profitability and care for the land. He comes to Blue River after 7 years of experience working for DuPont on herbicide discovery research and several years of herbicide research with BASF. /CNW/ -- Deere & Company (NYSE: DE) announced today that it has completed its acquisition of Blue River Technology. Acquiring Organization: John Deere Deere & Company is an American corporation that manufactures agricultural, construction, and forestry machinery. "We welcome the opportunity to work with a Blue River Technology team that is highly skilled and intensely dedicated to rapidly advancing the implementation of machine learning in agriculture," said John May, President, Agricultural Solutions, and Chief Information Officer at Deere. Already in 2017, Blue River Technology has been listed among Inc. Magazine's 25 Most Disruptive Companies, Fast Company's Most Innovative Companies, CB Insights 100 Most Promising Artificial Intelligence Companies in the World, and the Top 50 Agricultural Innovations by the American Society of Agricultural and Biological Engineers. John Deere is purchasing Blue River Technology, a Californian startup that makes machine learning tools for agriculture. We look forward to seeing Blue River’s autonomous weeding and thinning technologies deployed in the millions of acres serviced by John Deere machines. In cotton, Blue River’ robots can radically reduce the amount of herbicide needed to defeat resistant weeds while improving yields. We believe this diverse mix of talent is critical to building a product that customers genuinely want and use. Their “see and spray” robotics platform uses computer vision to recognize plants, and sprays herbicide on weeds and fertilizer on crops with similar precision to inkjet printers. In September 2017, Blue River was acquired by John Deere. Blue River Technology's See & Spray machine equips farmers to apply herbicide only to weeds, using less than 1/10th the herbicide of typical weed control. In light of these risks, uncertainties, and other factors, you are cautioned not to place undue reliance on the forward-looking information. Raytheon Technologies' acquisition of satellite manufacturer Blue Canyon Technologies has been completed, the company announced Dec. 22. See & Spray is the next generation of Blue River's technology. Blue River Technology makes a number of farm tools: an automatic precision weed-sprayer, a device that trims lettuce at scale, and software for drones to analyze crops. Discover Thomson Reuters. Machine learning is an important capability for Deere's future.". Earlier in September, Deere said it signed a definitive agreement to purchase the Sunnyvale, California company to enhance John Deere's leadership position in precision agriculture. Congratulations to Blue River Technology co-founders Jorge Heraud and Lee Redden, CEO and CTO, and their deeply talented and dedicated team on their $305 million acquisition by Deere & Company (NYSE:DE), the leading manufacturer of agricultural equipment. As an innovation leader, Blue River Technology has successfully applied machine learning to agricultural spraying equipment and Deere is confident that similar technology can be used in the future on a wider range of products, May said. MOLINE, Ill.— Deere & Co. has signed a definitive agreement to acquire Blue River Technology, which is based in Sunnyvale, Calif., and is a leader in applying machine learning to agriculture. Today, Blue River’s lettuce robots touch 10% of lettuce grown in the US. See & Spray machines leverage deep learning to enable our machines to identify a greater variety of plants—both crops & weeds—with better accuracy, and then make crop management decisions on the spot. Our senior-level team has experience covering industries including Energy, Communications, Healthcare, Information Technology, Software, Automotive, Steel, Food & Beverage, Chemical, Education, Building Products, Natural Resources, Aerospace & Defense, Engineering Services and many other manufacturing, distribution and service … This strategic combination immediately transforms IQ-EQ into a major player in the US … No, Blue River Co-founder and CEO Jorge Heraud has not been deposed — Gaddafi-style — by big, bad corporate overlord John Deere. Congratulations to Blue River Technology co-founders Jorge Heraud and Lee Redden, CEO and CTO, and their deeply talented and dedicated team on their $305 million acquisition by Deere & Company (NYSE:DE), the leading manufacturer of agricultural equipment. They brought deep understanding of ag and real farmer needs that helped them previously lead for Monsanto the acquisition — and subsequent huge growth — of Climate Corp, which helped Blue River deliver the right value proposition at the right cost to the right farmers. We provide innovative back-office solutions to asset managers across the full spectrum of structures, strategies and asset classes. Deere plans to have the 60-person firm remain in Sunnyvale with an objective to continue its rapid growth and innovation with the same entrepreneurial spirit that has led to its success. In a unique "closed-loop" cycle, our technology includes a second set of cameras and the ability to automatically check its work as it operates. “What Blue River Technology allows us to do is move to the plant level, and start managing at that plant level,” says Alex Purdy, director of John Deere Labs. For further information, the news media should call: Ken Golden Director, Global Public Relations Deere & Company 309-765-5678. MOLINE, Illinois (September 6, 2017) — Deere & Company (NYSE: DE) has signed a definitive agreement to acquire Blue River Technology, which is based in Sunnyvale, California and is a leader in applying machine learning to agriculture. * Deere & Company completes Blue River Technology acquisition Source text for Eikon: Further company coverage: One application of Blue River’s technology uses a machine, dragged behind a tractor, whose cameras can instantly identify weeds among a crop. We've moved! The Company specializes in robotics, computer vision, machine learning, and precision execution with applications to agriculture processes. 6:34p Upgrading Technology Should Mean Improving Clients’ Experience ... Blue River Resources Ltd. Blue River Resources Ltd. engages in the acquisition, exploration, and … September 13, 2017 - Deere & Company announced that it has completed its acquisition of Blue River Technology. 5 tips for growing your startup with no outside funding, Different Paths to Success for Tech vs Hardtech Startups, Before you launch that awesome new product, When a Team Member Leaves, They Are Not a Traitor — They Are a Future Ally, Algorithmic advantage (in computer vision and optimization), A growing massive proprietary database (of plant genomic and phenotypic information), An elite team with deep industry expertise (uniting agriculture, AI and robotics), Development and learning infrastructure: Blue River succeeded at a task that DCVC finds many technologists can underestimate. No, Blue River Co-founder and CEO Jorge Heraud has not been deposed — Gaddafi-style — by big, bad corporate overlord John Deere. “The machine processes images of plants more than 20 times per second while traveling 12 mph through the field, comparing them to an expanding training libr… BOULDER -- Small satellite manufacturer and mission services provider Blue Canyon Technologies announced the completion of its acquisition by Raytheon Technologies (NYSE: RTX), an aerospace and defense … BCT now reports into Raytheon Intelligence and Space, a business of Raytheon Technologies. Statements in this release contain forward-looking information related to Deere, Blue River Technology, and the Acquisition that is based on current expectations and involves risks and uncertainties that could cause actual results, performance, events, or transactions to differ materially from those expressed or implied by such statements. Jorge, Blue River’s CEO and co-founder, and a proud US citizen, grew up farming with his family in Peru, and came to the US, where he earned a Master’s degree in Electrical Engineering from Stanford University, ran a division at Trimble, and then returned to Stanford to earn an MBA, where the idea for Blue River was born. Since the acquisition in 2017, Blue River has more than just grown exponentially — they’ve gained access to world-class experience in equipment manufacturing. Deere to Advance Machine Learning Capabilities in Acquisition of Blue River Technology. Blue River’s leadership combined their deep computational expertise with domain knowledge, working with leading agronomists, agriculture executives, and farm operations experts. Information on acquisition, funding, cap tables, investors, and executives for Blue River Technology. Unlike many players in the AgTech space today, Blue River goes beyond analyzing data to enable decisions and improvement in real time. The journey of Blue River itself is just beginning. The deal, first announced in November, brings Blue Canyon under Raytheon Intelligence & Space, a business unit of Arlington, Virginia-based Raytheon. MOLINE, Illinois (September 6, 2017) — Deere & Company (NYSE: DE) has signed a definitive agreement to acquire Blue River Technology, which is based in Sunnyvale, California and is a leader in applying machine learning to agriculture. IQ-EQ is delighted to announce the acquisition of Blue River Partners, an industry leading US provider of outsourced solutions to alternative asset managers. Blue River helps farmers improve their businesses — to feed more people and to be make more money while doing so — and simultaneously reduces farming’s impact on the environment. While preserving their startup mentality, Blue River has embarked on a mission to build technology that will help feed the world, and do it more sustainably. He picked Blue River for the opportunity to be at the leading edge of agricultural technology. The difficulty and importance of building a robust data pipeline to enable machine learning at scale is non-trivial, Optimization at scale: each robot makes over 5000 decisions per minute, On-board processing: these machines must perform real-time computation at the edge, often with poor connectivity, Spatio-temporal database operations and analysis: by tracking every single plant and weed over time, Blue River’s robots actually learn what works with superhuman power. Global aerospace and defense company Raytheon Technologies Corp. (NYSE: RTX) has completed its acquisition of Lafayette-based Blue Canyon Technologies LLC, a small-satellite manufacturer. Hundreds of millions of gallons of agricultural chemicals end up in our water supply, while weeds are developing resistance to crop-friendly doses of herbicides. "Blue River is advancing precision agriculture by moving farm management decisions from the field level to the plant level," said Jorge Heraud, co-founder and CEO of Blue River Technology. Forward-looking statements in this release include, among other things, statements about Deere and Blue River Technology's plans, objectives, expectations, business, and intentions; the anticipated timing of closing of the Acquisition; the potential benefits of the proposed Acquisition; and the anticipated operating synergies. Their primary product, See & Spray, uses computer vision, machine learning, and advanced robotic technology to distinguish between crops and weeds — and then spraying only the weeds. Blue Canyon Technologies, Inc., a Colorado-based company founded in 2008 to bring innovative, reliable and affordable solutions to space missions, is … Acquisition allows Blue Canyon to quickly scale production and pursue larger, more complex space missions Congratulations to Blue River Technology co-founders Jorge Heraud and Lee Redden, CEO and CTO, and their deeply talented and dedicated team on their $305 million acquisition … Food and agriculture is at the heart of each of our lives and of national survival. This deal was done in Cash. The transaction is expected to close in September. Blue River focuses on applying machine learning, robotics, and computer vision technology to agricultural equipment that will in turn help farmers in making better decisions. Corporation that manufactures agricultural, construction, and precision execution with applications to agriculture by Data were... 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