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. 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. Introducing See & Spray: Precisely spraying herbicides only where needed. We believe this diverse mix of talent is critical to building a product that customers genuinely want and use. That’s according to both sides of the buzz-generating, $305 million dollar acquisition the two companies jointly announced last week. Acquiring Organization: John Deere Deere & Company is an American corporation that manufactures agricultural, construction, and forestry machinery. 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. 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 … Since the acquisition in 2017, Blue River has more than just grown exponentially — they’ve gained access to world-class experience in equipment manufacturing. 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. Their robots actually sense, decide, act, and learn — millisecond by millisecond. One application of Blue River’s technology uses a machine, dragged behind a tractor, whose cameras can instantly identify weeds among a crop. 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. 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. Copyright © In light of these risks, uncertainties, and other factors, you are cautioned not to place undue reliance on the forward-looking information. 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. He picked Blue River for the opportunity to be at the leading edge of agricultural technology. /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 In cotton, Blue River’ robots can radically reduce the amount of herbicide needed to defeat resistant weeds while improving yields. Experience the Blue River difference and start looking upstream again. 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 … 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. Blue River’s leadership combined their deep computational expertise with domain knowledge, working with leading agronomists, agriculture executives, and farm operations experts. Companies may grow organically or through acquisition. 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. Terms of the deal, which was announced in November, were not disclosed. Information on acquisition, funding, cap tables, investors, and executives for Blue River Technology. The journey of Blue River itself is just beginning. /CNW/ -- Deere & Company (NYSE: DE) announced today that it has completed its acquisition of Blue River Technology. The ag giant is buying Blue River Technology for … 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. * Deere & Company completes Blue River Technology acquisition Source text for Eikon: Further company coverage: 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). “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, … 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. MOLINE, Illinois (September 12, 2017) — Deere & Company (NYSE: DE) announced today that it has completed its acquisition of Blue River Technology. Use the PitchBook Platform to explore the full profile. Blue Canyon Technologies, Inc., a Colorado-based company founded in 2008 to bring innovative, reliable and affordable solutions to space missions, is … Just this summer the company released its “See & Spray” weed control machine. 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. Earlier in September, Deere said 4WD and Track Tractors (370-620 Engine HP), Gator™ Utility Vehicles Attachments & Accessories, Utility Tractors Attachments & Implements, Operator's Manual for Construction & Forestry. Farmers need a better solution. With lettuce, Blue River’s robots determine how to best allocate resources to grow lettuce and autonomously thins the crop to maximize yield. 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. 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. 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. IQ-EQ is delighted to announce the acquisition of Blue River Partners, an industry leading US provider of outsourced solutions to alternative asset managers. 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. Acquisition allows Blue Canyon to quickly scale production and pursue larger, more complex space missions The deal, first announced in November, brings Blue Canyon under Raytheon Intelligence & Space, a business unit of Arlington, Virginia-based Raytheon. September 6, 2017 | Posted in Manufacturer News. * Deere & Company completes Blue River Technology acquisition Source text for Eikon: Further company coverage: 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 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. Blue Canyon Technologies announces final acquisition by Raytheon Technologies. 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. 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 … Blue River’s clients come from many industries and sectors. Blue River's solution starts here. Blue River Technology Inc. develops agriculture technology. No, Blue River Co-founder and CEO Jorge Heraud has not been deposed — Gaddafi-style — by big, bad corporate overlord John Deere. 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 & … 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. We've moved! 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. Today, Blue River’s lettuce robots touch 10% of lettuce grown in the US. Earlier this month, Deere said it signed an agreement to buy the Sunnyvale, Calif., company. 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. As of September, 2018 you can find us at: 605 W California Ave. Sunnyvale, CA 94086 Following the investment, Partners Group will work with Blue River’s management team to support both organic and acquisitive growth. 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. That’s where Blue River comes in, delivering true precision agriculture — “plant by plant, leaf by leaf.”. 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