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June 7, 2021
OMAHA, Neb. & TEL AVIV, Israel--(BUSINESS WIRE)-- Prospera Technologies, an agricultural technology company recently acquired by Valmont® Industries Inc. (NYSE: VMI), announced today that Gartner has recognized the company in its report, “Cool Vendors in AI for Computer Vision.”
Gartner Cool Vendor research is designed to highlight interesting, new and innovative vendors, products and services.
According to the report, “Computer vision technology is becoming mainstream for specialized use cases across various industries. Many high-value use cases have a strong domain component, and vendors in this report are packaging the technology with unique data to improve domain- and industry-specific processes, activities and business models.”1
Prospera Technologies is working to advance agricultural productivity to meet the food demands of a rising global population. Their hardware-agnostic technologies use machine learning and computer vision to provide deep insights for navigating critical decision points in the agricultural process. The data they gather advances the science of growing, helping to solve some of the biggest challenges in producing agricultural crops today.
“We are thrilled to be recognized by Gartner and to be named to the ‘Cool Vendor in AI for Computer Vision’ report,” said Prospera Technologies' CEO and Co-founder Daniel Koppel. “We’re building a solution to humanity’s most long-standing and fundamental challenge: how to feed itself. We aim to make agriculture not only predictable, but optimizable across the entire growth cycle.”
Prospera, a Valmont company, is the largest global, vertically integrated artificial intelligence (AI) company in agriculture. Their team of computer scientists, physicists and agronomists work side by side to develop transformational technology solutions for growers worldwide.
Gartner clients can download the full “Cool Vendors in AI for Computer Vision Report” at: https://www.gartner.com/document/4001392?ref=solrAll&refval=288347372
1 Gartner, “Cool Vendors in AI for Computer Vision,” Shubhangi Vashisth, Rita Sallam, Kiyomi Yamada, Anshul Gupta, Tracy Tsai, 7 May 2021
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's Research & Advisory organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
Prospera Technologies, Inc., a Valmont Company, is a developer of machine learning and computer vision technologies that continuously monitor and analyze plant development, health and stress. Prospera captures multiple layers of climate and visual data from the crop ﬁeld and provides actionable, easy-to-read insights to growers. Its team of world-class computer scientists, physicists and agronomists work to meet growers where they are and revolutionize the way food is grown. For more information, please visit prospera.ag.
About Valmont Industries, Inc.
Valmont® is a global leader, designing and manufacturing highly engineered products and services that support global infrastructure development and agricultural productivity. Its irrigation equipment and services for large-scale agriculture improve farm productivity while conserving fresh water resources. Its products for infrastructure serve highway, transportation, wireless communication, electric transmission, and industrial construction and energy markets. In addition, Valmont provides coatings services that protect against corrosion and improve the service life of steel and other metal products. For more information, visit valmont.com.
Omaha, NE, Tel-Aviv, Israel and San Jose, CA: Valmont ® Industries, Inc. (NYSE: VMI), a
leading global provider of engineered products and services for infrastructure and irrigation
equipment for agriculture and the parent company of Valley ® Irrigation, and Prospera
Technologies Inc., a leading Israeli machine vision and artificial intelligence (AI) company
specializing in ag data, are pleased to announce their global partnership. The collaboration sets
the course to provide growers with autonomous crop management solutions generating greater
returns, while requiring fewer production inputs and resources.
“Valley Irrigation is transforming the center pivot from solely an irrigation machine to an
autonomous crop management tool,” Valmont President and Chief Executive Officer Stephen G.
Kaniewski commented. “Water remains our focus, as it is the number one determinant of crop
yield. Growers who use pivots have a natural advantage to use them as often as needed, given
their constant placement on the field. We can equip the structure to see what a grower may not
be able to detect, arming them with critical information that delivers more crop precision, saving
time, lowering costs and increasing yield.”
This exclusive global partnership is significant because it integrates artificial intelligence
technologies with center pivot irrigation. Valley Irrigation leads the industry with more than
60,000 connected devices globally and carries distribution strength through the industry’s
largest network of more than 500 dealers worldwide. The intelligence shared between these
connected devices and the pivot, along with the integration of data science, machine-learning
and AI, enables the two companies to develop real-time crop diagnoses and irrigation
recommendations, resulting in greater returns for the grower.
Prospera, founded in 2014, is a leading force in ag tech, committed to bringing advanced
machine learning (ML) technology to the agriculture sector. Backed by strategic investors
including Cisco, Qualcomm and Bessemer, Prospera has developed proven analytics,
algorithms and data layering to provide growers with irrigation and crop growthrecommendations. Prospera currently monitors over $5 billion of greenhouse production. The
partnership between the two companies will build on Prospera’s unique technology, expanding
application to large-scale fields.
Autonomous crop management will result in a self-learning machine, using inputs from
the field and the grower to deliver proper water, fertigation and chemigation. Launching in the
spring of 2019, Anomaly Detection is a fundamental building block for growers entering into AI
functionality. Providing visual detection of anomalies or issues, this technology provides
essential features to mitigate risks in the field, assisting the grower with their irrigation and crop
management practices. It will be available from Valley for all brands of pivots through a
Kaniewski said launching specific technology products to the market and product
adoption are two critical steps on the journey toward autonomous crop management. The joint
machine-learning technology is targeted to reach one million acres by 2020. To develop the
technology, the two companies collectively plan to invest more than $40 million over the next
“Like Valley, Prospera is committed to giving growers more data-based, actionable
insights from the machines that span every inch of their fields, while reducing potential risks that
can harm crop production,” said Prospera Chief Executive Officer Daniel Koppel. “We are
excited to partner with Valley Irrigation, the industry leader trusted by growers, and their global
network of dealers, working together to feed an expanding population.”
Agricultural professionals can find out more about the Valmont/Prospera partnership and
resulting technology at World AgriTech in San Francisco, March 19-20, 2019.
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
Prospera Technologies, Inc. is a developer of machine vision technologies that
continuously monitor and analyze plant development, health and stress. Prospera captures
multiple layers of climate and visual data from the crop ﬁeld and provides actionable, easy-to-
read insights to growers via mobile and web dashboards. Its team of world-class computer
scientists, physicists and agronomists work with experienced agri-business leaders to meet
growers where they are and revolutionize the way food is grown. For more information, please
visit www.valley-prospera.comAbout Valmont Industries Inc.
Valmont is a global leader, designing and manufacturing highly engineered products that
support global infrastructure development and agricultural productivity. Its irrigation equipment
and services for large-scale agriculture improves farm productivity while conserving fresh water
resources. Its products for infrastructure serve highway, transportation, wireless communication,
electric transmission, and industrial construction and energy markets. In addition, Valmont
provides coatings services that protect against corrosion and improve the service lives of steel
and other metal products. For more information, please visit www.valmont.com