# Blue River Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/blue-river-technology

- Industry: Agribusiness
- Headquarters: Santa Clara, US
- Website: www.bluerivertechnology.com
- Total disclosed funding: $30M
- Latest round: Series B (Nov 24, 2015)
- Investors on record: 8

## About

Based in the US, Blue River Technology Inc. is dedicated to enhancing agriculture through intelligent machinery, specializing in advanced solutions that optimize farming practices and promote sustainable crop management.Blue River Technology Inc. focuses on developing innovative technology for the agricultural sector. Founded in 2011 in Santa Clara, US, by Enger Rivera, the company has undergone significant changes, including its acquisition by John Deere Financial LLC in September 2017 for USD 305 mn. This acquisition followed successful funding from various investors and highlighted the company's potential in precision farming. The current CEO is Jorge Heraud, supported by Willy Pell.Blue River Technology specializes in pioneering intelligent machinery designed specifically for the agriculture sector. Their flagship product, See & Spray™, utilizes advanced computer vision, machine learning, and robotics to optimize chemical usage in crop management. This technology effectively identifies and treats individual plants, thereby enhancing farming yields while significantly reducing environmental impact. The company targets a diverse client base, including large-scale agricultural producers and cooperative farming organizations primarily in North America and select international markets. By engaging directly with customers in the field, Blue River Technology tailors its solutions to meet specific agricultural challenges, ensuring that their offerings are relevant and impactful for end users.Blue River Technology generates revenue primarily through partnerships and direct sales of their innovative agricultural technologies, particularly the See & Spray™ system. Transactions are structured as business-to-business agreements where clients may engage in long-term contracts to implement these solutions across their operations. The company establishes pricing models based on the scale and specific needs of its clients, often involving initial setup costs followed by ongoing fees for software updates and maintenance. Their revenue model emphasizes collaboration with agricultural producers to ensure that the technology delivered is not only effective but also integrated smoothly into existing farming practices. This approach facilitates a continuous relationship with customers, aligning Blue River Technology's goals with the operational success of its clients in the agricultural industry.With the acquisition by John Deere Financial LLC, Blue River Technology is positioned for strategic growth in the precision agriculture market. The company plans to leverage its latest funding from the Trade Sale in September 2017 to enhance its product offerings, including potential new iterations of the See & Spray™ technology. Additionally, Blue River Technology aims to expand its presence in international markets, focusing on regions with growing agricultural demands. This expansion will be supported by the company's ongoing engagement with farmers to tailor solutions that address local agricultural challenges.

## Funding rounds

- Series B, Nov 24, 2015, $17M — Khosla Ventures, Pontifax Venture Capital, Innovation Endeavors, DCVC, Monsanto Growth Ventures, Syngenta Ventures
- Series A, Mar 19, 2014, $10M — Khosla Ventures, Innovation Endeavors, DCVC
- Series A, Sep 10, 2012, $3.3M — Khosla Ventures, Ulu Ventures, Stanford Angels & Entrepreneurs

## Investors

- Khosla Ventures (https://capitalatlas.ai/funds/khosla-ventures) — Series A, Series B
- Ulu Ventures (https://capitalatlas.ai/funds/ulu-ventures) — Series A
- Stanford Angels & Entrepreneurs (https://capitalatlas.ai/funds/stanford-angels-entrepreneurs) — Series A
- Innovation Endeavors (https://capitalatlas.ai/funds/innovation-endeavors) — Series A, Series B
- DCVC (https://capitalatlas.ai/funds/dcvc) — Series A, Series B
- Pontifax Venture Capital (https://capitalatlas.ai/funds/pontifax-venture-capital) — Series B
- Monsanto Growth Ventures (https://capitalatlas.ai/funds/monsanto-growth-ventures) — Series B
- Syngenta Ventures (https://capitalatlas.ai/funds/syngenta-ventures) — Series B