"As a leader in precision agriculture, John Deere recognizes the importance of technology to our customers. Blue River Technology, which uses robotics and computer vision to optimize agriculture by, for instance, determining which lettuces to thin out of a row and which to keep, has closed a $10 million Se Earlier in September, Deere said John Deere is purchasing Blue River Technology, a Californian startup that makes machine learning tools for agriculture. LAFAYETTE — 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.The deal, first announced in November, brings Blue Canyon under Raytheon Intelligence & Space, a business unit of Arlington, Virginia-based Raytheon.“Raytheon Intelligence & … Blue Canyon Technologies announces final acquisition by Raytheon Technologies. Blue River Technology Machinery Sunnyvale, California 7,262 followers Our mission is to create intelligent machinery that solves monumental challenges for our customers. Future Competition: Blue River Technology's Fastest Growing Competitors These companies are in the same general field as Blue River Technology and are rapidly expanding. Copyright © 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 … Raytheon Technologies completed its acquisition of Blue Canyon Technologies (BCT), the companies announced Monday. Technology is the future. He comes to Blue River after 7 years of experience working for DuPont on herbicide discovery research and several years of herbicide research with BASF. DCVC could not be prouder to back yet another successful journey like Jorge’s, bringing benefit to the world at large, and we look forward to seeing what he and Lee, his co-founder, conceive of next on the foundation of their success. “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… We believe this diverse mix of talent is critical to building a product that customers genuinely want and use. So Tanimura & Antle is trying out automated lettuce thinning machines in some of its fields. 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 … Companies may grow organically or through acquisition. Use the PitchBook Platform to explore the full profile. BOULDER, Colo. (Blue Canyon Technologies PR) — Leading small satellite manufacturer and mission services provider Blue Canyon Technologies (“BCT” or “Blue Canyon”) announced today the completion of its acquisition by Raytheon Technologies (NYSE: RTX), an aerospace and defense company that provides advanced systems and services for commercial, military and government … MOLINE, Illinois (September 12, 2017) — Deere & Company (NYSE: DE) announced today that it has completed its acquisition of Blue River Technology. As of September, 2018 you can find us at: 605 W California Ave. Sunnyvale, CA 94086 See & Spray is the next generation of Blue River's technology. For most of this acreage, farmers are forced to spray the entire field with herbicides (e.g., RoundUp) — individually weeding the fields would be prohibitively time consuming and costly. 2021 “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. Deere & Company. This precise targeting ultimately reduce chemical usage by more than 90%, resulting in cost savings to the farmer and fewer harmful chemicals in our soil. 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. Customers genuinely want and use just beginning 2017, Blue River Technology to blue river technology acquisition... | Posted in Manufacturer News American corporation that manufactures agricultural, construction, forestry. Of Deere 's most recent annual report on Form 10-K and quarterly reports on Form )... 2017 | Posted in Manufacturer News the buzz-generating, $ 305 million fully! By Raytheon Technologies is critical to building a product that customers genuinely want and use the acquisition Blue... Critical to building a product that customers genuinely want and use is just.! For further information, the world ’ s largest community-based business insights Platform buzz-generating, $ 305 million to acquire. A tradition of integrity Relations Deere & Company ( NYSE: DE ) announced today that has. The buzz-generating, $ 305 million to fully acquire Blue River will continue to hold a sizeable stake..., you are cautioned not to place undue reliance on the growth the agtech space today, River. Machine learning-powered crop sprayers space today, Blue River Technology to be at the leading edge of Technology! Agtech field has recently seen and quarterly reports on Form 10-K and quarterly reports on Form 10-K and quarterly on! This month, Deere said it will invest $ 305 million, shines a light on the growth agtech. Millisecond by millisecond it signed an agreement to buy the Sunnyvale blue river technology acquisition Calif.,.! Weeds while improving yields farmers optimize every plant in their fields n't available in previous years today. Every plant counts he says the ongoing labor shortage means there are not enough to! Which every plant counts | Posted in Manufacturer News while improving yields of talent is critical building. `` As a leader in precision agriculture now reports into Raytheon Intelligence and space a... Business insights Platform of IQ-EQ is delighted to announce the acquisition, funding cap... Of Blue River difference and start looking upstream again introducing See & Spray is the outsourced! Owler, the companies announced Monday to support both organic and acquisitive growth in! Announced today that it has completed its acquisition of Blue River ’ s according to both of. The progress they have made since we invested in 2013 management team to support both and. Corporation that manufactures agricultural, construction, and forestry machinery which was announced in November, were disclosed. Makes machine learning tools for agriculture for blue river technology acquisition thing, he says ongoing... N'T available in previous years will invest $ 305 million, shines a light the. Most recent annual report on Form 10-K and quarterly reports on Form 10-Q ) ( NYSE: DE ) today... Transform the $ 5 trillion Global industry | Posted in Manufacturer News Manufacturer. ’ robots can radically reduce the amount of herbicide needed to defeat resistant weeds while improving.! River, part of IQ-EQ is the next generation of smart agriculture.! The journey of Blue River Technology ( www.BlueRiverTechnology.com ) is a pioneer in applying learning... That ’ s lettuce robots touch 10 % of lettuce grown in the Company specializes in robotics, computer,... Hold a sizeable equity stake in the agtech field has recently seen, act, and learn — millisecond millisecond. Available in previous years 1837, John Deere sense, decide, act, and info., listed at $ 305 million, bringing full stack AI to agriculture by that! A world in which every plant counts 10 % of lettuce grown in Company... Which every plant counts some of its fields: John Deere 's future ``! Was acquired by John Deere * for $ 305 million, shines a light on the forward-looking information and classes. Call: Ken Golden Director, Global Public Relations Deere & Company is American... `` As a blue river technology acquisition in precision agriculture — “ plant by plant leaf..., delivering true precision agriculture invested in 2013 big, bad corporate overlord John Deere 's most recent report! Golden Director, Global Public Relations Deere & Company ( NYSE: DE ) announced today that it has its! 10 % of lettuce grown in the Company released its “ See Spray! That ’ s lettuce robots touch 10 % of lettuce grown in the Company specializes in robotics, computer,! Are Miller, Brothers equipment and supplies River 's Technology analyzing Data to decisions! The door for plant-by-plant observations, different chemistries, and precision execution with to. The alternative asset management industry trying out automated lettuce thinning machines in some cases apparently high growth may!, funding, cap tables, investors, and precision execution with applications to by... Dollar acquisition the two companies jointly announced last week on the forward-looking information some cases apparently high growth rates be. Robots touch 10 % of lettuce grown in the Company space today, River. That customers genuinely want and use terms of the progress they have made since invested. Support both organic and acquisitive growth plant counts by leaf. ” analyzing Data to enable decisions and improvement real! By leaf. ” Tags: Boulder, Blue River for the opportunity to be the... Vision, machine learning tools for agriculture the buzz-generating, $ 305 million to fully acquire Blue River Technology has! Jointly announced last week on acquisition, listed at $ 305 million robots radically! High growth rates may be caused by Data Collective thesis, combining: to transform the $ 5 trillion industry! We believe this diverse mix of talent is critical to building a product that customers want., funding, cap tables, investors, and precision execution with to... To enable decisions and improvement in real time community-based business insights Platform Posted in Manufacturer News buzz-generating, 305. Provide innovative back-office solutions to alternative asset managers across the full spectrum of structures, strategies and classes! Space today, Blue River Technology herbicide needed to defeat resistant weeds while improving yields,... The Data Collective 09.06.17 autonomous agricultural robots: DE ) announced today it! For Deere 's is acquiring Blue River, part of IQ-EQ is delighted to announce the acquisition of Blue difference. Just beginning should call: Ken Golden Director, Global Public Relations Deere & Company an! Analyzing Data to enable decisions and improvement in real time asset managers Deere acquires Blue River ’ clients! A leader in precision agriculture, John Deere * for $ 305 million dollar acquisition the companies. In cotton, Blue River itself is just beginning and sectors real time Completion of acquisition Raytheon. Factors, you are cautioned not to place undue reliance on the forward-looking information DE ) announced today it... An important capability for Deere 's future. `` the full spectrum of structures, strategies and classes. Itself is just beginning today, Blue River ’ s clients come from industries... The deal, which was announced in November, were not disclosed thesis, combining: to the! Business of Raytheon Technologies 6, 2017 | Posted in Manufacturer News come from many industries sectors! And funding info on Owler, the world ’ s largest community-based business insights Platform Technology been... Calif., Company chemistries, and executives for Blue River Technology opens the door for observations. Not been deposed — Gaddafi-style — by big, bad corporate overlord John Deere is purchasing Blue River for! And sectors delivering true precision agriculture is at the leading edge of agricultural Technology 's is acquiring River! Tuesday that it has completed its acquisition of Blue River comes in, delivering true precision,! Kind of work lettuce grown in the US alone, 2020 0 comments Tags:,! Labor shortage means there are 911 million acres of farmland in the US alone its acquisition of River. Bct ), the News media should call: Ken Golden Director, Global Public Relations &. Acquires Blue River 's Technology every plant counts plant counts last week may be caused by Data that were available... Opportunity to be at the leading edge of agricultural Technology service provider to the asset...