FarmLogs has announced that it raised a $4 million Series A, around 12 months ago. And now the company has raised a $10 million Series B to continue pushing farming inside the digital age.
The added funding came from present investors Huron River Ventures, Drive Capital, and Hyde Park Venture Partners.
Since the launch, the Michigan-based company has seen a fantastic development, tripling its market share in the initial six months of the year 2014. The added funding will be used to promote the company’s technology as well as hire the correct people to scale the trade.
FarmLogs utilizes in part low-prized Bluetooth hardware which can scrutinize and upload data collected up to date farming tools. With this information, FarmLogs’ platform can assist crop farmers quickly and competently forecast profits, track expenditures and more professionally schedule operations.
They will continue adding great people to their team of engineers, data scientists as well as designers. They are amazed at all the thrust that has been able to construct and at how much value they can create for farms all around the world. Having added capital behind them accelerates their ability to bring the most excellent science and technology to every farm via intuitive software.