Resson Hiring Up To 31 People in Fredericton With Government Support
FREDERICTON– Resson, a Fredericton-based agriculture technology company, announced Monday that it will be able to hire up to 31 new positions over the next three years with support from the provincial government.
Resson uses advanced technologies such as drones, high-resolution cameras, artificial intelligence and cloud computing. The company is known for its real-time predictive analysis system for crop management.
Rishin Behl, Resson’s founder and chief technology officer said in an interview with Huddle that their new hires will be working in software development and research and development (R&D). He says focusing on those areas will allow the company to grow more quickly.
“The more funding we have for R&D, the quicker our technology can progress,” said Behl. “That’s why these people we hire are under R&D so we can get our research done quicker so that we can push it into a product quicker.”
Resson was recently named to the Thrive Top 50 for second year in a row, an annual ranking by SVG Partners of the world’s leading agriculture technology (AgTech) companies. Resson has also been prominently featured among the AgTech startups powering the future of farming and agribusiness.
In May of 2018, the company undertook a $14 million Series C investment round that welcomed the AgTech division of the Mahindra Group as a new strategic partner. The company’s other investors include Build Ventures, McCain Foods, Rho Canada, and Monsanto Growth.
Though Resson has field operations across three continents, Behl said Fredericton is still the best place for the company be based.
“Fredericton is a great place to live and to attract technical talent,” he said. “I just hope that we can kind push the narrative that Fredericton is a great place for engineers to come over because it’s better than Silicon Valley and the quality of living is very high.”
To help with the hiring, the company is eligible for an investment of up to $370,000 from Opportunities NB. The investment will be in the form of payroll rebates, which are performance-based and only given to a company once it has met criteria set out in its agreement with Opportunities NB. Resson will receive a payroll rebate annually, based on the percentage of the salary of every job filled that meets the conditions outlined in the agreement.
“Resson is a New Brunswick success story,” said deputy premier Stephen Horsman, in a release. “That it could emerge here is a credit to the entrepreneurial spirit that exists in our province. It is further evidence of the climate of innovation that your government has been working so hard to foster.”