Experience the Blue River difference and start looking upstream again. Earlier in September, Deere said it signed a definitive agreement to purchase the Sunnyvale, California company to enhance John Deere's leadership position in precision agriculture. As of September, 2018 you can find us at: 605 W California Ave. Sunnyvale, CA 94086 In addition, actual results, performance, events, and transactions, are subject to other risks and uncertainties that relate more broadly to Deere's overall business, including those more fully described in Deere's filings with the U.S. Securities and Exchange Commission ("SEC") (including, but not limited to, the factors discussed in Item 1A. That’s according to both sides of the buzz-generating, $305 million dollar acquisition the two companies jointly announced last week. We applaud Deere & Company in their vision and understanding of the role that Artificial Intelligence will play in agriculture, and we congratulate them on their investment (Deere & Co press release here). In some cases apparently high growth rates may be caused by data that weren't available in previous years. Blue River Technology makes a number of farm tools: an automatic precision weed-sprayer, a device that trims lettuce at scale, and software for drones to analyze crops. The company plans to target the technology, media, and telecom (TMT) and entertainment industries, focusing on businesses with enterprise values between $1 billion and $3 billion. “The acquisition of Blue River marks a key milestone for us as it strategically increases our presence in the US, the largest and fastest growing fund administration and regulatory compliance market in the world, cementing our position as one of the top 4 investor services firms globally,” said IQ-EQ’s, group executive chairman, Serge Krancenblum. Use the PitchBook Platform to explore the full profile. IQ-EQ is delighted to announce the acquisition of Blue River Partners, an industry leading US provider of outsourced solutions to alternative asset managers. Global aerospace and defense company Raytheon Technologies Corp. (NYSE: RTX) has completed its acquisition of Lafayette-based Blue Canyon Technologies LLC, a small-satellite manufacturer. For further information, the news media should call: Ken Golden Director, Global Public Relations Deere & Company 309-765-5678. “What Blue River Technology allows us to do is move to the plant level, and start managing at that plant level,” says Alex Purdy, director of John Deere Labs. The transaction is expected to close in September. While preserving their startup mentality, Blue River has embarked on a mission to build technology that will help feed the world, and do it more sustainably. Blue River Technology's See & Spray machine equips farmers to apply herbicide only to weeds, using less than 1/10th the herbicide of typical weed control. Congratulations to Blue River Technology co-founders Jorge Heraud and Lee Redden, CEO and CTO, and their deeply talented and dedicated team on their $305 million acquisition … That’s where Blue River comes in, delivering true precision agriculture — “plant by plant, leaf by leaf.”. “We welcome the opportunity to work with a Blue River Technology team that is highly skilled and intensely dedicated to rapidly advancing the implementation of machine learning in agriculture,” said John May, President, Agricultural Solutions, … The Blue River cotton robotic system is on track to to spray 98% of the weeds in the fields where it is deployed, while leaving at least 95% of the cotton crop untouched. Our senior-level team has experience covering industries including Energy, Communications, Healthcare, Information Technology, Software, Automotive, Steel, Food & Beverage, Chemical, Education, Building Products, Natural Resources, Aerospace & Defense, Engineering Services and many other manufacturing, distribution and service … In our work with Monsanto from top to bottom over close to a decade, it’s been demonstrated over and over again that Monsanto is not a herbicide company — they are a “feed more people” company. Join Blue River in bringing agriculture to the digital era See below to find our open positions and to learn what it's like to work with us We are excited to transform global agriculture through cutting-edge technology, and are looking for ambitious and innovative people to join our team in the journey "As a leader in precision agriculture, John Deere recognizes the importance of technology to our customers. LAFAYETTE — Global aerospace and defense company Raytheon Technologies Corp. (NYSE: RTX) has completed its acquisition of Lafayette-based Blue Canyon Technologies LLC, a small-satellite manufacturer.The deal, first announced in November, brings Blue Canyon under Raytheon Intelligence & Space, a business unit of Arlington, Virginia-based Raytheon.“Raytheon Intelligence & … Deere plans to have the 60-person firm remain in Sunnyvale with an objective to continue its rapid growth and innovation with the same entrepreneurial spirit that has led to its success. Blue River focuses on applying machine learning, robotics, and computer vision technology to agricultural equipment that will in turn help farmers in making better decisions. Unlike many players in the AgTech space today, Blue River goes beyond analyzing data to enable decisions and improvement in real time. MOLINE, IL - Agtech as an industry is quickly becoming a magnet for investments and innovation, as evidenced by John Deere’s acquisition of Artificial Intelligence (AI) company, Blue River Technology, on Wednesday. Already in 2017, Blue River Technology has been listed among Inc. Magazine's 25 Most Disruptive Companies, Fast Company's Most Innovative Companies, CB Insights 100 Most Promising Artificial Intelligence Companies in the World, and the Top 50 Agricultural Innovations by the American Society of Agricultural and Biological Engineers. Companies may grow organically or through acquisition. John Deere's is acquiring Blue River Technology for its machine learning-powered crop sprayers. So Tanimura & Antle is trying out automated lettuce thinning machines in some of its fields. John Deere is purchasing Blue River Technology, a Californian startup that makes machine learning tools for agriculture. Blue River Technology was acquired by John Deere for $305M on Jan 1, 2017. Blue River trained deep learning algorithms on hundreds of thousands of images of different weeds and of beneficial crops, teaching their robotics platform to determine what kind of plant it was “seeing” and which crop features would maximize lettuce head growth and yield. Farmers need a better solution. Financial Government Solutions Legal Reuters News Agency Risk Management Solutions Tax & Accounting Blog: Answers On Innovation @ Thomson Reuters In cotton, Blue River’ robots can radically reduce the amount of herbicide needed to defeat resistant weeds while improving yields. Spray technology: quarter-inch accuracy, unprecedented in agriculture, ultimately allows Blue River to spray the most effective herbicide only on each weed, and to fertilize leaf-by-leaf, plant-by-plant. Acquiring Organization: John Deere Deere & Company is an American corporation that manufactures agricultural, construction, and forestry machinery. Their robots actually sense, decide, act, and learn — millisecond by millisecond. Blue River has designed and integrated computer vision and machine learning technology that will enable growers to reduce the use of herbicides by spraying only where weeds are present, optimizing the use of inputs in farming – a key objective of precision agriculture. This precise targeting ultimately reduce chemical usage by more than 90%, resulting in cost savings to the farmer and fewer harmful chemicals in our soil. The difficulty and importance of building a robust data pipeline to enable machine learning at scale is non-trivial, Optimization at scale: each robot makes over 5000 decisions per minute, On-board processing: these machines must perform real-time computation at the edge, often with poor connectivity, Spatio-temporal database operations and analysis: by tracking every single plant and weed over time, Blue River’s robots actually learn what works with superhuman power. Future Competition: Blue River Technology's Fastest Growing Competitors These companies are in the same general field as Blue River Technology and are rapidly expanding. The acquisition, listed at $305 million, shines a light on the growth the agtech field has recently seen. EXPANDING INTO THE FUTURE Continuing to develop exciting new technologies Copyright © Deere & Company has signed a definitive agreement to acquire Blue River Technology, which is based in Sunnyvale, California and is a leader in applying machine learning to agriculture. In his free time he … Blue Canyon Technologies announces final acquisition by Raytheon Technologies. See & Spray machines leverage deep learning to enable our machines to identify a greater variety of plants—both crops & weeds—with better accuracy, and then make crop management decisions on the spot. “We welcome the opportunity to work with a Blue River Technology team that is highly skilled and intensely dedicated to rapidly … Earlier in September, Deere said Jorge, the CEO, was previously an executive at Trimble Navigation, bringing with him a knowledge of the true needs of commercial agriculture — a skill set that is rare in Silicon Valley. 6:34p Upgrading Technology Should Mean Improving Clients’ Experience ... Blue River Resources Ltd. Blue River Resources Ltd. engages in the acquisition, exploration, and … * Deere & Company completes Blue River Technology acquisition Source text for Eikon: Further company coverage: Deere & Company is investing in machine learning for farm equipment, announcing a US$305 million deal to fully acquire Blue River Technology. Deere to Advance Machine Learning Capabilities in Acquisition of Blue River Technology. There are 911 million acres of farmland in the US alone. We are incredibly proud of the progress they have made since we invested in 2013. /CNW/ -- Deere & Company (NYSE: DE) announced today that it has completed its acquisition of Blue River Technology. We believe this diverse mix of talent is critical to building a product that customers genuinely want and use. MOLINE, Illinois (September 6, 2017) — Deere & Company (NYSE: DE) has signed a definitive agreement to acquire Blue River Technology, which is based in Sunnyvale, California and is a leader in applying machine learning to agriculture. With lettuce, Blue River’s robots determine how to best allocate resources to grow lettuce and autonomously thins the crop to maximize yield. The acquisition will allow BCT to grow its product line Food and agriculture is at the heart of each of our lives and of national survival. Technology is the future. MOLINE, Ill.— Deere & Co. has signed a definitive agreement to acquire Blue River Technology, which is based in Sunnyvale, Calif., and is a leader in applying machine learning to agriculture. Deere & Company (www.JohnDeere.ca) is a world leader in providing advanced products and services and is committed to the success of customers whose work is linked to the land - those who cultivate, harvest, transform, enrich and build upon the land to meet the world's dramatically increasing need for food, fuel, shelter and infrastructure. Blue River Technology has been acquired by John Deere* for $305 million. Blue River’s clients come from many industries and sectors. Each year, Blue River robot systems collect all the data from crops over time and close the loop, ensuring they understand the impact of each management decision and optimizing for next year’s crop. MOLINE, Illinois (September 12, 2017) — Deere & Company (NYSE: DE) announced today that it has completed its acquisition of Blue River Technology. One application of Blue River’s technology uses a machine, dragged behind a tractor, whose cameras can instantly identify weeds among a crop. BOULDER, Colo. (Blue Canyon Technologies PR) — Leading small satellite manufacturer and mission services provider Blue Canyon Technologies (“BCT” or “Blue Canyon”) announced today the completion of its acquisition by Raytheon Technologies (NYSE: RTX), an aerospace and defense company that provides advanced systems and services for commercial, military and government … They brought deep understanding of ag and real farmer needs that helped them previously lead for Monsanto the acquisition — and subsequent huge growth — of Climate Corp, which helped Blue River deliver the right value proposition at the right cost to the right farmers. Blue River is a middle market merger and acquisition advisory firm with deep experience representing buy-side and sell-side clients, spanning a broad array of industries. May said the investment in Blue River Technology is similar to Deere's acquisition of NavCom Technology in 1999 that established Deere as a leader in the use of GPS technology for agriculture and accelerated machine connectivity and optimization. The ag giant is buying Blue River Technology for … Risks and uncertainties include, among other things, risks related to the satisfaction of the conditions to closing the acquisition in the anticipated timeframe or at all, risks that the expected benefits from the proposed acquisition will not be realized or will not be realized within the expected time period; the risk that the businesses will not be integrated successfully; significant transaction costs; unknown or understated liabilities; other business risks, including the effects of industry, market, general economic, political or regulatory conditions; future currency exchange and interest rates; changes in tax and other laws, regulations, rates and policies; and future business combinations or disposals. Blue River Technology, which uses robotics and computer vision to optimize agriculture by, for instance, determining which lettuces to thin out of a row and which to keep, has closed a $10 million Se Their primary product, See & Spray, uses computer vision, machine learning, and advanced robotic technology to distinguish between crops and weeds — and then spraying only the weeds. In light of these risks, uncertainties, and other factors, you are cautioned not to place undue reliance on the forward-looking information. Blue River exemplifies the Data Collective thesis, combining: to transform the $5 trillion global industry. In a unique "closed-loop" cycle, our technology includes a second set of cameras and the ability to automatically check its work as it operates. Following the investment, Partners Group will work with Blue River’s management team to support both organic and acquisitive growth. Blue River Technology Inc. develops agriculture technology. We provide innovative back-office solutions to asset managers across the full spectrum of structures, strategies and asset classes. "We are using computer vision, robotics, and machine learning to help smart machines detect, identify, and make management decisions about every single plant in the field.". Blue River Technology is building the next generation of smart agriculture equipment. Introducing See & Spray: Precisely spraying herbicides only where needed. Tuesday December 22, 2020 0 comments Tags: Boulder, Blue Canyon Technologies, Raytheon, George Stafford. He comes to Blue River after 7 years of experience working for DuPont on herbicide discovery research and several years of herbicide research with BASF. “The machine processes images of plants more than 20 times per second while traveling 12 mph through the field, comparing them to an expanding training libr… See & Spray is the next generation of Blue River's technology. However, global agricultural practices are severely straining the Earth’s resources — innovation is absolutely needed to ensure we can sustainably feed ourselves and our children for generations to come. Today, Blue River’s lettuce robots touch 10% of lettuce grown in the US. DCVC could not be prouder to back yet another successful journey like Jorge’s, bringing benefit to the world at large, and we look forward to seeing what he and Lee, his co-founder, conceive of next on the foundation of their success. It’s a measure of their intellectual honesty in this regard, and their commitment, that the brilliant team leading Monsanto Growth Ventures, Dr. John Hamer, PhD and Dr. Kiersten Stead, PhD were “all in” on helping us grow Blue River. Earlier this month, Deere said it signed an agreement to buy the Sunnyvale, Calif., company. John Deere acquires Blue River Technology for $305 million, bringing full stack AI to agriculture By Data Collective 09.06.17. Information on acquisition, funding, cap tables, investors, and executives for Blue River Technology. Just this summer the company released its “See & Spray” weed control machine. Since the acquisition in 2017, Blue River has more than just grown exponentially — they’ve gained access to world-class experience in equipment manufacturing. MOLINE, Ill. (Sept. 6, 2017) — Deere & Co. (NYSE: DE) has signed a definitive agreement to acquire Blue River Technology, which is based in Sunnyvale, Calif., and is a leader in applying machine learning to agriculture. Terms of the deal, which was announced in November, were not disclosed. Blue River Technology's top competitors are Miller, Brothers Equipment and WEEDit. Raytheon initially agreed to acquire BCT in November. Not only is John Deere’s computer vision technology “rudimentary” compared to Blue River’s, according to Teeple, but the startup “has a collection of unique talent from academia, and a diverse set of experience which, together with technology advancements in last couple of years in hardware tech and GPUs where you can now do processing on the edge [without the internet] as … While remaining an independently-run subsidiary with entrepreneurial spirit, the partnership gives Blue River access and support from one of the world's leaders in precision agriculture. Raytheon Technologies' acquisition of satellite manufacturer Blue Canyon Technologies has been completed, the company announced Dec. 22. And one, developed by a Silicon Valley start-up Blue River Technology… The founders of Blue River will continue to hold a sizeable equity stake in the company. * Deere & Company completes Blue River Technology acquisition Source text for Eikon: Further company coverage: Blue River has developed a farm robotics technology using computer vision that can see, diagnose, and execute actions such as deciding to spray a weed with herbicide – avoiding the crop – or to thin the crop. "Blue River is advancing precision agriculture by moving farm management decisions from the field level to the plant level," said Jorge Heraud, co-founder and CEO of Blue River Technology. As an innovation leader, Blue River Technology has successfully applied machine learning to agricultural spraying equipment and Deere is confident that similar technology can be used in the future on a wider range of products, May said. Blue River Technology Machinery Sunnyvale, California 7,262 followers Our mission is to create intelligent machinery that solves monumental challenges for our customers. Blue River Technologies is located in East Central Indiana, specializing in servicing small to medium size municipal and industrial waste treatment plants, agricultural dewatering, private and municipal lagoon cleanout and dewatering. To that end, they are always on the look-out for the best technology for the best crop yield at the least economic and environmental impact for the farmer. He picked Blue River for the opportunity to be at the leading edge of agricultural technology. The Company specializes in robotics, computer vision, machine learning, and precision execution with applications to agriculture processes. By providing equipment that can see and manage each plant, Blue River helps farmers reduce inputs, increase profitability and care for the land. Blue River has created and fielded real-time autonomous agricultural robots. In September 2017, Blue River was acquired by John Deere. MOLINE, Illinois (September 6, 2017) — Deere & Company (NYSE: DE) has signed a definitive agreement to acquire Blue River Technology, which is based in Sunnyvale, California and is a leader in applying machine learning to agriculture. We are grateful for John and Kiersten’s help, especially Kiersten, who truly played a leadership role in driving this outcome for Blue River. No, Blue River Co-founder and CEO Jorge Heraud has not been deposed — Gaddafi-style — by big, bad corporate overlord John Deere. Blue Canyon Technologies Announces Completion of Acquisition by Raytheon Technologies. Transaction Name MOLINE -- Deere & Company announced Tuesday that it has completed its acquisition of Blue River Technology. Blue River’s technology opens the door for plant-by-plant observations, different chemistries, and enables real-time, closed-loop precision agriculture. We can provide you with economical solutions for dewatering and flocculation equipment and supplies. Blue River, part of IQ-EQ is the preeminent outsourced service provider to the alternative asset management industry. Forward-looking statements in this release include, among other things, statements about Deere and Blue River Technology's plans, objectives, expectations, business, and intentions; the anticipated timing of closing of the Acquisition; the potential benefits of the proposed Acquisition; and the anticipated operating synergies. John Deere is purchasing Blue River Technology, a Californian startup that makes machine learning tools for agriculture. This deal was done in Cash. "We welcome the opportunity to work with a Blue River Technology team that is highly skilled and intensely dedicated to rapidly advancing the implementation of machine learning in agriculture," said John May, President, Agricultural Solutions, and Chief Information Officer at Deere. Statements in this release contain forward-looking information related to Deere, Blue River Technology, and the Acquisition that is based on current expectations and involves risks and uncertainties that could cause actual results, performance, events, or transactions to differ materially from those expressed or implied by such statements. Machine learning is an important capability for Deere's future.". /CNW/ -- Deere & Company (NYSE: DE) has signed a definitive agreement to acquire Blue River Technology, which is based in Sunnyvale, California and is a leader... Resources Blog 4WD and Track Tractors (370-620 Engine HP), Gator™ Utility Vehicles Attachments & Accessories, Utility Tractors Attachments & Implements, Operator's Manual for Construction & Forestry. Raytheon Technologies completed its acquisition of Blue Canyon Technologies (BCT), the companies announced Monday. That’s according to both sides of the buzz-generating, $305 million dollar acquisition the two companies jointly announced last week. Congratulations to Blue River Technology co-founders Jorge Heraud and Lee Redden, CEO and CTO, and their deeply talented and dedicated team on their $305 million acquisition by Deere & Company (NYSE:DE), the leading manufacturer of agricultural equipment. September 13, 2017 - Deere & Company announced that it has completed its acquisition of Blue River Technology. Deere said it will invest $305 million to fully acquire Blue River Technology. Hundreds of millions of gallons of agricultural chemicals end up in our water supply, while weeds are developing resistance to crop-friendly doses of herbicides. Risk Factors of Deere's most recent annual report on Form 10-K and quarterly reports on Form 10-Q). However, this method is failing. See Blue River Technology's revenue, employees, and funding info on Owler, the world’s largest community-based business insights platform. Their “see and spray” robotics platform uses computer vision to recognize plants, and sprays herbicide on weeds and fertilizer on crops with similar precision to inkjet printers. 2021 Congratulations to Blue River Technology co-founders Jorge Heraud and Lee Redden, CEO and CTO, and their deeply talented and dedicated team on their $305 million acquisition by Deere & Company (NYSE:DE), the leading manufacturer of agricultural equipment. "We welcome the opportunity to work with a Blue River Technology team that is … Blue River Technology (www.BlueRiverTechnology.com) is a pioneer in applying machine learning to help farmers optimize every plant in their fields. Blue River’s leadership combined their deep computational expertise with domain knowledge, working with leading agronomists, agriculture executives, and farm operations experts. Blue River helps farmers improve their businesses — to feed more people and to be make more money while doing so — and simultaneously reduces farming’s impact on the environment. Since the acquisition in 2017, Blue River has more than just grown exponentially — they’ve gained access to world-class experience in equipment manufacturing. BOULDER -- Small satellite manufacturer and mission services provider Blue Canyon Technologies announced the completion of its acquisition by Raytheon Technologies (NYSE: RTX), an aerospace and defense … For most of this acreage, farmers are forced to spray the entire field with herbicides (e.g., RoundUp) — individually weeding the fields would be prohibitively time consuming and costly. This strategic combination immediately transforms IQ-EQ into a major player in the US … We look forward to seeing Blue River’s autonomous weeding and thinning technologies deployed in the millions of acres serviced by John Deere machines. To enable this full stack solution, Blue River employs multiple critical technologies, each reinforcing the impacts of the others: Not only did Blue River combine the powers of AI and robotics to enable their machines to see and act, but they also developed and deployed the surrounding technology, including: Combining these technologies, Blue River demonstrated that they will ultimately be able to deliver a precise cocktail of beneficial microbes, fungicides, herbicides, and fertilizers to each individual plant. September 6, 2017 | Posted in Manufacturer News. Discover Thomson Reuters. Blue River is a quintessentially Silicon Valley success story in that it was founded and nurtured by an immigrant innovator, like over 50% of the successful exits in Silicon Valley over the last several decades. Deere said it will invest $305 million to fully acquire Blue River Technology. We're introducing See & Spray technology, enabling a world in which every plant counts. Building smart farm machines to manage crops at a plant-level Today, the best practice is to treat all plants as if … The deal, first announced in November, brings Blue Canyon under Raytheon Intelligence & Space, a business unit of Arlington, Virginia-based Raytheon. No, Blue River Co-founder and CEO Jorge Heraud has not been deposed — Gaddafi-style — by big, bad corporate overlord John Deere. We've moved! Deere & Company. Deere, except as required by law, undertakes no obligation to update or revise the forward-looking statements, whether as a result of new developments or otherwise. Jorge, Blue River’s CEO and co-founder, and a proud US citizen, grew up farming with his family in Peru, and came to the US, where he earned a Master’s degree in Electrical Engineering from Stanford University, ran a division at Trimble, and then returned to Stanford to earn an MBA, where the idea for Blue River was born. For one thing, he says the ongoing labor shortage means there are not enough people to do this kind of work. The journey of Blue River itself is just beginning. Acquisition allows Blue Canyon to quickly scale production and pursue larger, more complex space missions Raytheon Technologies [RTX] on Monday completed its acquisition of small satellite manufacturer Blue Canyon Technologies (BCT), giving it a play in the growing market for small satellites. BCT now reports into Raytheon Intelligence and Space, a business of Raytheon Technologies. Deere plans to have the 60 person firm remain in Sunnyvale with an objective to continue its rapid growth and … Blue Canyon Technologies, Inc., a Colorado-based company founded in 2008 to bring innovative, reliable and affordable solutions to space missions, is … The acquisition of the Silicon Valley artificial intelligence and farm equipment making startup by farming’s largest equipment manufacturer (Deere), is a great success story with a bit of a twist. John and Kiersten also brought, from themselves, and from an incredibly broad network of relationships, the deep understanding of plant genetics and molecular biology that informed and help make Blue River’s plant-by-plant AI systems successful. All Rights Reserved. Blue River Technology Blue River Technology employs computer vision and robotics technologies to build intelligent solutions for the agricultural industries. Blue River's solution starts here. Since 1837, John Deere has delivered innovative products of superior quality built on a tradition of integrity. 5 tips for growing your startup with no outside funding, Different Paths to Success for Tech vs Hardtech Startups, Before you launch that awesome new product, When a Team Member Leaves, They Are Not a Traitor — They Are a Future Ally, Algorithmic advantage (in computer vision and optimization), A growing massive proprietary database (of plant genomic and phenotypic information), An elite team with deep industry expertise (uniting agriculture, AI and robotics), Development and learning infrastructure: Blue River succeeded at a task that DCVC finds many technologists can underestimate. Announces final acquisition by Raytheon Technologies completed its acquisition of Blue River Technology www.BlueRiverTechnology.com. | Posted in Manufacturer News Blue Canyon Technologies ( BCT ), News... Players in the US ( BCT ), the world ’ s according to sides... 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