Resson, a Fredericton, Canada-based data-driven agriculture technology company, raised $US11m (approximately $CDN14m) in Series B funding.
Global agriculture company Monsanto’s venture capital arm Monsanto Growth Ventures led the round with participation from Build Ventures, Rho Canada Ventures, New Brunswick Innovation Foundation, BDC Capital and East Valley Ventures.
The company will use the funds to expand its product development, sales and marketing efforts, and add staff to its technical development team in Fredericton while also opening a new business office in San Jose, Calif.
Led by Jeff Grammer, Executive Chairman, Resson provides large and small agriculture companies, agricultural service providers and individual growers with a near real-time predictive analysis platform for crop management.
Its Resson Agricultural Management and Analytics System (RAMAS®) integrates large-scale cloud-based data analytics with sensor fusion and robotic platforms to assess crop status and health, providing operators with the information required to optimize agricultural operations.