Mavrx, where we’re investors, is an agricultural imaging company. Its core product analyzes aerial images sourced from its network of aircraft partners to give farmers recommendations that improve their agricultural outcomes. These outcomes include maximizing crop yields, reducing spending on irrigation, fertilizer, and labor, and preventing catastrophic crop loss.
It’s more accurate and less costly to reach these outcomes by applying data science to images sourced from planes rather than by applying intuition to a farmer’s row-by-row drive-throughs among his crops. The former doesn’t eliminate the need for the latter but rather guides the latter to focus on those specific farm segments where there is the greatest value at stake.
We participated in Mavrx’s $2.5M seed round in mid-2014 and the company announced its $10M Series A in late 2016. Here’s a post from the company’s blog which covers the new round.
As mentioned in the post, the round’s proceeds will go towards growing Mavrx’s data science and sales teams, further improving its product, and winning new customers both within and outside of (for example Canada and South Africa) the US.
We’re excited to be along for the ride.