Ann Arbor, Michigan-based FarmLogs has raised $22 million in a Series C round of funding for technology that helps farmers monitor and measure their crops, predict profits, manage risks from weather and pests and more. Naspers Ventures led the round, joined by the company’s earlier backers Drive Capital , Huron River Ventures , Hyde Park Venture Partners, SV Angel and individual investors including Y Combinator president Sam Altman.
According to CEO and co-founder of FarmLogs Jesse Vollmar, the company has invested heavily in satellite imagery and data since it graduated from the Y Combinator accelerator in 2012. It develops predictive models on top of that raw data to help farmers “program” their fields, Vollmar says.
“We analyze fields all around the U. S. all season long. We can highlight and alert farms when we see a problem developing, and send them out to examine and fix things they never would have caught on the ground. It’s all thanks to a multi-year history of performance satellite imagery,” he explained.
