Rural areas in Latin America have historically been characterized as peripheral regions, far from the latest advances in technology. However, AgTech startups have changed this situation. This companies have focused on innovating in the field.
The Latin American AgTechs have aroused the interest of investors in recent years. From 2017 to 2018, they raised 43% more of venture capital. These startups cover different aspects of the agricultural chain, from production to distribution. Meet seven of them.
This Argentine startup offers greater efficiency per hectare, maximizing yields and minimizing costs. With satellite images, its platform allows the development of precision agriculture. From this platform, the producer can monitor their crops remotely, plan in less time and reduce the environmental impact.
This tool developed in Uruguay is based on a platform that manages a database through the Internet of Things. With it, the producer knows when and how to irrigate their crops. Irricontrol allows maintaining a water balance and integrates irrigation monitoring technology. It works with a massive amount of data which will enable him to predict trends.
Another tool for irrigation control, but based in Argentina. Kilimo is a platform that works with big data. Recommends to the producer what amount of water to use for their crops. In this way, you can save up to 70% of the liquid.
Within the AgTech, there is also fintech. TrAIve is a good example. TrAIVE is a brazilian crowdlending platform focused on the field. Calculates the risk of crops with artificial intelligence to facilitate the granting of credits to agricultural producers at a lower interest rate. MIT Tech Review recognized TrAIve CEO Aline Olivera like an Innovator Under 35.
This company for the agro-industrial sector seeks to reduce the risk and increase the return per hectare. Through mobile applications and web platforms, it allows agricultural producers the operational and commercial monitoring, as well as the interaction between different teams of the company and producers. Thus, users obtain information from the field in real time.
An excellent production will not generate returns without a proper distribution. Avancargo is an Argentine startup that connects carriers with freight forwarders to distribute their products at the best price.
This platform of Peruvian Agrointeligence allows monitoring the crops to make informed decisions and act on time. Sinergia Tech selects the key variables to save them in the cloud. With the analysis of historical data, allows the producer to take better decisions.