Amber Agriculture
Latest round
- Seed
Last raised
- Jun 2020
Total raised
- Undisclosed
Investors
- 2
About Amber Agriculture
Amber Agriculture, Inc., founded in 2016, is based in Chicago, US. The company focuses on agricultural technology to support grain storage management. Founders Joseph Varikooty and Lucas Frye have prior entrepreneurial experience.Amber Agriculture Inc. specializes in innovative agricultural technology designed to enhance grain storage management through its flagship product, the ACE AIR Kit. Launched in 2016, this product enables grain bins to be smart-enabled with wireless, solar-powered sensor technology that monitors crucial parameters like CO2 levels and moisture content, thus preserving the quality of stored grain. The ACE AIR Kit seeks to address common challenges faced by farmers, such as reliability and complexity associated with traditional cable-based monitoring systems, offering a user-friendly, self-installation solution that eliminates the need for professional setup. The primary customer base includes farmers and agricultural enterprises across the United States, who benefit from improved monitoring capabilities and detailed alerts related to grain storage conditions.Amber Agriculture’s revenue model is based on direct-to-consumer sales through its online platform, which allows farmers to purchase the ACE AIR Kit and associated services directly. This approach streamlines the transaction process, ensuring that customers receive tailored instructions and support while minimizing costs typically associated with traditional retail channels. The company employs a one-time purchase structure for its products, with potential opportunities for future revenue through add-on services or upgrades as technology evolves. Pricing details specific to the ACE AIR Kit and any potential subscription services for ongoing monitoring or data analytics are not disclosed.Looking ahead, Amber Agriculture plans to further innovate its product offerings and expand into new markets. The company is working on the development of additional sensor technologies to enhance its existing product line. Specific release dates for these new products have not been disclosed. Furthermore, Amber Agriculture aims to penetrate markets beyond the US, targeting regions such as Canada and South America by the end of 2023.
Who invested in Amber Agriculture
2 investors across 2 rounds
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Questions about Amber Agriculture
Who invested in Amber Agriculture?
Amber Agriculture has 2 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Amber Agriculture raised?
Amber Agriculture has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Amber Agriculture last raise money?
Amber Agriculture's most recent round on record is a Seed, in Jun 2020.
What does Amber Agriculture do?
Amber Agriculture is a agribusiness company.
Where is Amber Agriculture headquartered?
Amber Agriculture is headquartered in Chicago, US.
Which VCs invest in companies like Amber Agriculture?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back agribusiness companies at Amber Agriculture's stage. Their profiles are linked below.
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