Q4 2023
January 26, 2024
Can AI-powered drones fix America’s farming industry?
Despite a slow quarter for agtech deals overall, agribusiness marketplaces and drones & imagery startups performed strongly, especially those deploying generative AI applications, according to our latest Q4 2023 Agtech Report.
It may feel like doom and gloom for the agtech founders who still remember 2021, but labor shortages, climate change, and supply chain disruptions will require economic transformations that they’re well-positioned to execute on. From precision farming to optimized crop management, there’s much in store for this industry in 2024.