Los Gatos, CA, September 16, 2019 – SVG Ventures, a Silicon Valley-based venture, and innovation firm, announced today that Valley® Irrigation, a Valmont® Company, has become the latest Corporate Partner to join its THRIVE Venture & Innovation Platform. Valley Irrigation is The Leader in Precision Irrigation® and offers a pivotal end-to-end cloud-based platform with real-time equipment, environmental, and agronomic data. The immediate data provides solutions for conserving water and meeting the growing demand for food. The new partnership between Valley and SVG signifies the company’s continued commitment to advancing a more efficient and sustainable agriculture supply chain through best-in-class technology.
SVG-THRIVE leverages its award-winning global AgTech platform to connect corporate partners like Valley with their worldwide network of entrepreneurs to drive innovation and identify emerging technologies that advance the future of food and agriculture. Valley will have the opportunity to partner with startups, participate in global pitch events, mentor accelerator startups, custom programs, and workshops, and join SVG’s network of corporate AgTech partners.
“We are delighted to welcome Valley Irrigation as the latest Corporate Partner. Progressive corporations, like Valley, are proactively looking across the globe for innovative solutions,” said John Hartnett, Founder & CEO of SVG Ventures-THRIVE. “Our platform delivers qualified deal-flow and incredible opportunities for both our corporate partners and our startups,” he added.
In 2018, irrigation charted as a $1.03 billion (USD) global industry and is expected to reach $2.84 billion by 2025, advancements in the irrigation space represent a significant opportunity for disruptive technology. From the initial offering of GPS guidance in tractors to today’s predictive analysis, the technology involved in farming operations has evolved, but the goal has remained the same: increase ROI for the grower. Valley Irrigation is focused on optimizing the future of AgTech with the knowledge that water is still the most important determinant of yield. Applying water accurately and efficiently results in higher profits. Valley realizes the power in fully connected crop management tools by incorporating the latest in artificial intelligence, machine learning, and sensor technology. The latest Valley Irrigation pivots will now be able to not only apply water and crop protection products but also to scout for other issues that threaten yields, such as pests and disease.
“The partnership between SVG Ventures and Valley Irrigation is creating great value for us and other organizations dedicated to evolving technologies in agriculture,” said Trevor Mecham, Vice President, Global Technology Strategy for Valley. “The organizational structure that SVG-THRIVE has provided creates not only great collaborations amongst leading industry providers to scale their businesses and relationships, but also provides insight into new AgTech companies that are up and coming.”
Valley Irrigation continues to raise the bar on technological advancements and recently announced another industry first with their cloud-based remote management platform that establishes a new competitive advantage for irrigation management. “This new innovation furthers the Valley tradition of helping growers become more advanced and efficient,” said Andy Carritt, Vice President, Product Development. “This industry first will be with updates functioning similarly to the smartphone updates most people are familiar with – but for their smart panels.”
About Valley Irrigation
Valley Irrigation founded the center pivot irrigation industry in 1954, and our brand is the worldwide leader in sales, service, quality, and innovation. With historical sales of more than 250,000 center pivots and linears, Valmont-built equipment annually irrigates approximately 25 million acres (10 million hectares) around the world. We remain dedicated to providing innovative, precision irrigation solutions now and into the future. For more information, please visit valleyirrigation.com.
About SVG Ventures-THRIVE Innovation Platform
SVG Ventures-THRIVE is the leading AgriFood innovation ecosystem, comprised of top agriculture, food & technology corporations, universities, and investors. With a community of over 2,000 startups from 82 countries, the THRIVE platform invests, accelerates and creates unparalleled access for entrepreneurs to scale globally to solve the biggest challenges facing the food and agriculture industries. AgFunder recognizes SVG Ventures-THRIVE as the “Most Valuable AgriFood Platform in the World.” For more information, please visit www.thriveagrifood.com and review the SVG Ventures Press Kit.
THRIVE VI Applications Open
SVG Ventures is currently accepting applications for its sixth THRIVE Accelerator program. The program will take place over four months commencing in February & culminating at the Forbes AgTech Summit in Salinas in June 2020. The application deadline for startups is October 31st, 2019. To apply, please visit the THRIVE website.
Jessica Pham, Marketing & Events Manager