Agcurate, an agritech startup based in Arnhem, the Netherlands, has announced its acquisition of Dr. Agro, a prominent player in Azerbaijan known for its agronomy expertise and extensive network in the region’s agriculture scene.
Dr. Agro is operating as an online assistant for farmers by using both traditional and precision methods.
Available both on the web and as mobile apps (Android and iOS), it offers a multifunctional platform that includes budget calculation and planting programs for more than 30 plants, monthly notification alerts, climate data in the field, personal consultants, etc.
“As a pioneer in the Agtech industry in Azerbaijan, we believe that there is a promising future in this acquisition. I would like to thank all who have supported us in this journey,” says Ramil Azmammadov, CEO and Co-founder of Dr. Agro
Why this acquisition?
This strategic move by Agcurate BV aims to enhance its capabilities in servicing Consumer Packaged Goods (CPG) Food Companies and entering the Central Caucasian market.
With the agronomy expertise of Dr. Agro, particularly through the collaboration with its Co-Founder and CEO, Ramil Azmammadov, Agcurate BV aims to provide a comprehensive 360-degree view of agricultural operations to its clients.
Furthermore, Dr. Agro’s ground data from wider regional areas and grower insights will enrich Agcurate’s research and development operations, driving innovation in the Agritech sector.
Agcurate: Providing accurate & rich rural intelligence for agribusiness
Founded in 2000 by Metin Emenullahi and Berk Ülker, Agcurate provides accurate and rich rural agricultural intelligence as a service to agribusiness, agri-finance, and governments through its platform and APIs.
The platform helps companies to monitor their ROI on agricultural operations consistently, by providing them with actionable insights on their fields.
To provide the data, satellite images are analysed periodically using proprietary AI technology to identify areas where crops are being cultivated.
Reports are published at the start of the growing season, and every two weeks thereafter, the algorithm is fine-tuned to increase accuracy based on new satellite imagery that shows increased crop growth.
“We get sample locations from our results and go check the identified fields ourselves. If it is impossible for us to go to the fields ourselves, we ask our partners to check them for us,” says the company in a blog post.
“If we don’t get enough accuracy we fine-tune our algorithms, sometimes even redesign them, we try to funnel in more validated training data and we run them again. And then we go to the fields again,” the company adds.
Graduated from Start Life in Wageningen, facilitated by OostNL, and currently raising its pre-seed round, Agcurate aims to make agriculture more investable, sustainable, and resilient against climate change.
“This acquisition marks a significant milestone for us as we continue to strengthen our position in the Agritech industry,” says Metin Emenullahi, CEO of Agcurate BV. “We are excited about the opportunities this collaboration presents to deliver greater value to our clients and stakeholders.”
Read the orginal article: https://siliconcanals.com/news/startups/dutch-agcurate-acquires-dr-agro/
