John Deere Completes Full Acquisition of GUSS Automation
John Deere acquires GUSS Automation, expanding precision ag with autonomous sprayers to cut labor, costs, and boost orchard efficiency.
The U.S. AgTech industry faced a significant funding downturn in 2024, reflecting broader investment challenges across the agricultural sector. Global AgTech funding dropped to $15.6 billion, marking a 49% year-over-year decline, with agtech companies in the USA seeing reduced deal counts and lower early-stage investment. Despite the overall slowdown, Q3 and Q4 2024 showed signs of recovery, with funding reaching $1.8 billion in Q4, an 8.9% increase from the previous quarter.
Investors have shifted focus toward late-stage startups and companies addressing food security, climate change, and automation. While early-stage funding remains tight, areas such as farm robotics, mechanization, and AI-driven solutions continue to attract capital. As the industry adapts to changing investment dynamics, AgTech remains a key driver of innovation in precision agriculture, controlled-environment farming, and sustainability-focused technologies.
John Deere acquires GUSS Automation, expanding precision ag with autonomous sprayers to cut labor, costs, and boost orchard efficiency.
Lumo introduced Pump Automation, an integration with its smart valve platform for specialty crop growers.
Pivot Bio has partnered with the Soil and Water Outcomes Fund (SWOF) to support farmers in Indiana and Illinois.
BRANDT has created a global product management function to align marketing, sales, and innovation teams & announces new appointment.
Taylor Farms has acquired FarmWise, a company focused on precision weeding and thinning robotics, who recently ceased operations.
AeroFarms refinances existing debt & secures equity funding to support its Danville, VA facility and support pre-construction for a 2nd farm
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