Latest tweets from Indigo Ag

Indigo Ag

Applying AI to farming

Sector: Futuremakers
Themes:

"At Indigo, we help growers increase their profitability and enrich their soil by providing in-depth agronomic support, microbial seed treatments, and other resources that optimize regenerative systems. And now, Indigo’s innovative agronomic tools and services are part of one, comprehensive offer: Indigo Acres. This package supports growers pursuing more regenerative farming practices with two tiers of increasing agronomic support and complementary digital and in-field tools."

Founded by CEO David Perry and two colleagues in 2014, Indigo Ag (aka Indigo Agriculture) seeks to apply AI to farming Berry, aged 42  has co-founded and helped build over 25 companies in life sciences, technology, and sustainability including category-defining companies such as Seres Therapeutics and Axcella Health.

The Boston-based company started in 2014 under the name Symbiota, and developed microbial seed treatments to help farmers grow corn, rice, soybeans and wheat without excessive use of costly fertilizers, fungicides and other chemicals.

The company then expanded its ambitions and business lines to look more like an Amazon for agriculture, running marketplaces that connect grain growers, buyers and shippers, and an agronomy consulting arm that employs satellite imagery and analytics to help farmers increase their yields and margins.

Consumer demand for healthier, sustainable and traceable food is growing — even in the face of the coronavirus crisis. This agricultural technology start-up creates seed treatments that optimize the health of a plant in order to increase its yield. Since the beginning of the pandemic, it has launched several efforts to support growers as they make their way through a planting season unlike any other. For instance, the company’s GrainWaves podcast offers real-time market insights, and its transportation logistics support hotline is available to any carrier.

Indigo Ag’s mission is to use natural microbiology and technology to improve sustainability, profits for growers and consumer health. The company’s seed treatments are used for corn, wheat, soybeans, rice and cotton. In 2018, the company rolled out Indigo Marketplace, a digital platform that connects grain growers directly with buyers willing to pay for high-quality crops that retain their unique identities rather than those that get combined with similar crops. Its Indigo Carbon offering gives growers a financial incentive to enrich their soil with carbon.

The company also announced a partnership with Anheuser-Busch to deliver 2.2 million bushels of rice grown with specific environmental attributes. Rice grown for the partnership reduces water and nitrogen use by 10% and achieves at least 10% savings in greenhouse gas emissions compared to state benchmarks.

In 2020, Indigo joined an alliance led by the World Bank to help supply real-time satellite agricultural data generated by Indigo Atlas to advance food security across the world. Indigo Atlas, which combines remote sensing, ground equipment, historical and weather data, is capable of identifying subtle differences in crop performance across regions.

The company’s focus on technology as a tool to reimagine agriculture is wildly appealing to investors. In January it closed $200 million in financing, bringing its total funding to $850 million. In 2015 David Perry joined as CEO. He had previously run and sold two successful start-ups, one of which was acquired by Pfizer for $5.2 billion. Indigo Agriculture has more than 1,000 employees and six global locations.

 

 

Find out more