Resson Will Improve Crop Yields With Product Developed With Venture Capital
A year after closing one of the biggest venture capital rounds the region has ever seen, Fredericton-based Resson is gearing up for the full commercial launch of its agtech product in 2018.
In a phone interview from his Silicon Valley office, Executive Chairman Jeff Grammer said the company is still working with its partners on its beta products for the coming growing season. With operations in the northern and southern hemispheres, Resson can beta-test its data analytics systems through two growing seasons before a full launch in 2018.
“We’re right on schedule in commercial paid beta testing,” said Grammer. “We’re still adding the features before the launch and adding to the number of acres [covered in the beta tests].”
Grammer is a partner in Rho Canada Ventures, which invested in four Atlantic Canadian startups in 2013-14. In 2014, Rho and Build Ventures led a $3 million round in Resson, which had developed data analytics software for agriculture, drawing data from sensors in fields or on tractors, and from drones. Still in beta mode, the company is developing predictive analytics tools that can improve crop yields.
Read more in Entrevestor.