However, global agricultural practices are severely straining the Earth’s resources — innovation is absolutely needed to ensure we can sustainably feed ourselves and our children for generations to come. We can provide you with economical solutions for dewatering and flocculation equipment and supplies. Blue River Technology was acquired by John Deere for $305M on Jan 1, 2017. Blue River is a middle market merger and acquisition advisory firm with deep experience representing buy-side and sell-side clients, spanning a broad array of industries. Blue River has developed a farm robotics technology using computer vision that can see, diagnose, and execute actions such as deciding to spray a weed with herbicide – avoiding the crop – or to thin the crop. Blue River Technology makes a number of farm tools: an automatic precision weed-sprayer, a device that trims lettuce at scale, and software for drones to analyze crops. Congratulations to Blue River Technology co-founders Jorge Heraud and Lee Redden, CEO and CTO, and their deeply talented and dedicated team on their $305 million acquisition … See & Spray is the next generation of Blue River's technology. We applaud Deere & Company in their vision and understanding of the role that Artificial Intelligence will play in agriculture, and we congratulate them on their investment (Deere & Co press release here). Earlier in September, Deere said Financial Government Solutions Legal Reuters News Agency Risk Management Solutions Tax & Accounting Blog: Answers On Innovation @ Thomson Reuters Raytheon Technologies completed its acquisition of Blue Canyon Technologies (BCT), the companies announced Monday. All Rights Reserved. * Deere & Company completes Blue River Technology acquisition Source text for Eikon: Further company coverage: "We welcome the opportunity to work with a Blue River Technology team that is … Their “see and spray” robotics platform uses computer vision to recognize plants, and sprays herbicide on weeds and fertilizer on crops with similar precision to inkjet printers. Since the acquisition in 2017, Blue River has more than just grown exponentially — they’ve gained access to world-class experience in equipment manufacturing. MOLINE, IL - Agtech as an industry is quickly becoming a magnet for investments and innovation, as evidenced by John Deere’s acquisition of Artificial Intelligence (AI) company, Blue River Technology, on Wednesday. “The machine processes images of plants more than 20 times per second while traveling 12 mph through the field, comparing them to an expanding training libr… The acquisition, listed at $305 million, shines a light on the growth the agtech field has recently seen. Blue River, part of IQ-EQ is the preeminent outsourced service provider to the alternative asset management industry. Raytheon Technologies' acquisition of satellite manufacturer Blue Canyon Technologies has been completed, the company announced Dec. 22. Blue River Technology has been acquired by John Deere* for $305 million. We look forward to seeing Blue River’s autonomous weeding and thinning technologies deployed in the millions of acres serviced by John Deere machines. By providing equipment that can see and manage each plant, Blue River helps farmers reduce inputs, increase profitability and care for the land. “We welcome the opportunity to work with a Blue River Technology team that is highly skilled and intensely dedicated to rapidly … Introducing See & Spray: Precisely spraying herbicides only where needed. Join Blue River in bringing agriculture to the digital era See below to find our open positions and to learn what it's like to work with us We are excited to transform global agriculture through cutting-edge technology, and are looking for ambitious and innovative people to join our team in the journey Since 1837, John Deere has delivered innovative products of superior quality built on a tradition of integrity. The acquisition will allow BCT to grow its product line Deere said it will invest $305 million to fully acquire Blue River Technology. Blue River has created and fielded real-time autonomous agricultural robots. There are 911 million acres of farmland in the US alone. The Company specializes in robotics, computer vision, machine learning, and precision execution with applications to agriculture processes. John and Kiersten also brought, from themselves, and from an incredibly broad network of relationships, the deep understanding of plant genetics and molecular biology that informed and help make Blue River’s plant-by-plant AI systems successful. In his free time he … One application of Blue River’s technology uses a machine, dragged behind a tractor, whose cameras can instantly identify weeds among a crop. To enable this full stack solution, Blue River employs multiple critical technologies, each reinforcing the impacts of the others: Not only did Blue River combine the powers of AI and robotics to enable their machines to see and act, but they also developed and deployed the surrounding technology, including: Combining these technologies, Blue River demonstrated that they will ultimately be able to deliver a precise cocktail of beneficial microbes, fungicides, herbicides, and fertilizers to each individual plant. John Deere acquires Blue River Technology for $305 million, bringing full stack AI to agriculture By Data Collective 09.06.17. * Deere & Company completes Blue River Technology acquisition Source text for Eikon: Further company coverage: Global aerospace and defense company Raytheon Technologies Corp. (NYSE: RTX) has completed its acquisition of Lafayette-based Blue Canyon Technologies LLC, a small-satellite manufacturer. BOULDER -- Small satellite manufacturer and mission services provider Blue Canyon Technologies announced the completion of its acquisition by Raytheon Technologies (NYSE: RTX), an aerospace and defense … Acquisition allows Blue Canyon to quickly scale production and pursue larger, more complex space missions Blue River exemplifies the Data Collective thesis, combining: to transform the $5 trillion global industry. Congratulations to Blue River Technology co-founders Jorge Heraud and Lee Redden, CEO and CTO, and their deeply talented and dedicated team on their $305 million acquisition by Deere & Company (NYSE:DE), the leading manufacturer of agricultural equipment. "As a leader in precision agriculture, John Deere recognizes the importance of technology to our customers. To that end, they are always on the look-out for the best technology for the best crop yield at the least economic and environmental impact for the farmer. 2021 Blue River’s technology opens the door for plant-by-plant observations, different chemistries, and enables real-time, closed-loop precision agriculture. MOLINE, Illinois (September 12, 2017) — Deere & Company (NYSE: DE) announced today that it has completed its acquisition of Blue River Technology. Congratulations to Blue River Technology co-founders Jorge Heraud and Lee Redden, CEO and CTO, and their deeply talented and dedicated team on their $305 million acquisition by Deere & Company (NYSE:DE), the leading manufacturer of agricultural equipment. We provide innovative back-office solutions to asset managers across the full spectrum of structures, strategies and asset classes. Not only is John Deere’s computer vision technology “rudimentary” compared to Blue River’s, according to Teeple, but the startup “has a collection of unique talent from academia, and a diverse set of experience which, together with technology advancements in last couple of years in hardware tech and GPUs where you can now do processing on the edge [without the internet] as … Following the investment, Partners Group will work with Blue River’s management team to support both organic and acquisitive growth. “What Blue River Technology allows us to do is move to the plant level, and start managing at that plant level,” says Alex Purdy, director of John Deere Labs. That’s according to both sides of the buzz-generating, $305 million dollar acquisition the two companies jointly announced last week. /CNW/ -- Deere & Company (NYSE: DE) announced today that it has completed its acquisition of Blue River Technology. Our senior-level team has experience covering industries including Energy, Communications, Healthcare, Information Technology, Software, Automotive, Steel, Food & Beverage, Chemical, Education, Building Products, Natural Resources, Aerospace & Defense, Engineering Services and many other manufacturing, distribution and service … Blue Canyon Technologies Announces Completion of Acquisition by Raytheon Technologies. Experience the Blue River difference and start looking upstream again. He picked Blue River for the opportunity to be at the leading edge of agricultural technology. Deere & Company. September 13, 2017 - Deere & Company announced that it has completed its acquisition of Blue River Technology. Earlier this month, Deere said it signed an agreement to buy the Sunnyvale, Calif., company. Risk Factors of Deere's most recent annual report on Form 10-K and quarterly reports on Form 10-Q). Blue River is a quintessentially Silicon Valley success story in that it was founded and nurtured by an immigrant innovator, like over 50% of the successful exits in Silicon Valley over the last several decades. "We are using computer vision, robotics, and machine learning to help smart machines detect, identify, and make management decisions about every single plant in the field.". Blue River Technology (www.BlueRiverTechnology.com) is a pioneer in applying machine learning to help farmers optimize every plant in their fields. In a unique "closed-loop" cycle, our technology includes a second set of cameras and the ability to automatically check its work as it operates. John Deere is purchasing Blue River Technology, a Californian startup that makes machine learning tools for agriculture. Heraud has not been deposed — Gaddafi-style — by big, bad corporate overlord John Deere * for $ million! 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