John Deere wants to acquire the spray robot company to achieve "precise agricultural technology"

[ China Agricultural Machinery Industry News ] According to statistics, in the past two years, the world has set off a wave of acquisitions of robots and automation companies. This month, John Deere, the big agricultural machinery manufacturer in the United States, plans to acquire robotic startup Blue River Technology, which will use Blue River Technology to use computer vision to identify plants that need fertilizer, spray pesticides or herbicide spray robots. "Agricultural technology" drives farmers to save chemicals.

John Deere wants to acquire the spray robot company to achieve "agricultural technology" / picture from Baidu invasion

John Deere, the world's largest agricultural machinery manufacturer, announced on Wednesday that it will acquire robotic startup Blue River Technology for $305 million and is expected to complete the transaction by the end of this month.

Blue River Technology is headquartered in Silicon Valley to produce spray robots mounted on tractors that use computer vision to identify plants that require fertilizer and spray pesticides or herbicides. This type of robot is mainly used for cotton, lettuce, and other specialty vegetables.

According to the "Robot Report", 50 robots and automation companies were acquired worldwide last year, with a total transaction value of more than 18.8 billion US dollars.

Blue River Technology has completed a round of $31 million in financing, including Pontifax Agtech, Data Collective, Innovation Endeavors, Khosla Ventures and other companies.

The company claims that its “agricultural technology” can help farmers save up to 90% of chemicals compared to traditional methods.