Enterprise-capital companies are pouring cash into artificial-intelligence agricultural-software startups as farmers flip to the know-how to regulate pests, eradicate weeds and enhance crop yields.
Traders have put a document $1.54 billion into AI agriculture software program corporations thus far this 12 months, in keeping with knowledge launched final week by PitchBook Information Inc. That surpasses the $1.42 billion companies invested within the sector in 2020. Within the prior two years, funding totaled $1.03 billion mixed, in keeping with the information and analysis agency.
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