The companies will integrate their AgTech
platforms to offer decarbonization and water use efficiency
solutions for sugarcane and grape crops, with planned expansion
into additional value chains and markets in the future
LAUSANNE, Switzerland,
July 16, 2024 /PRNewswire/ -- GAMAYA
and Terraview have announced their merger, combining their
AI-powered platforms to enhance sustainability and
climate-resiliency in global food production. This strategic move
aims to address decarbonization and water efficiency in sugarcane
and grape crops, with plans to expand into additional value chains
and new markets. The merged company will operate under the GAMAYA
brand.
Innovating Agritech Amidst Climate Challenges
The agriculture sector demands advanced, reliable, and
sustainable solutions to combat the pressures of climate change.
GAMAYA and Terraview are leveraging their technological leadership
positions to create comprehensive agronomic intelligence tools
designed to meet these challenges head-on. Working with customers
across the value chain, GAMAYA and Terraview will cross leverage
their crop knowledge, sectorial understanding, and existing
products to solve for currently-unmet needs within agriculture,
creating complete, robustly tested, and scalable solutions that add
tangible value and impact.
Harnessing Proven Expertise
- GAMAYA: Over the last 9 years, GAMAYA has built and
tested its flagship product 'CanaSight', which is used by
sugarcane growers in Brazil,
LATAM, the USA, Africa, and India. GAMAYA recently released 'CanaTrace', a
monitoring, reporting, and verification (MRV) toolset that enables
the decarbonization of sugarcane farming. Today, it is one of the
top 3 products, globally, serving over 1.5m hectares of farmland and partnerships with
leading industry players.
- Terraview: Terraview, over the last 5 years, has become
a global leader in the grape (especially wine grapes) crop value
chain. Its flagship product 'TerraviewOS' solves for production,
risk and irrigation forecasts across 35+ vineyards in Spain, US and Australia. 'Aquaview' is a native AI product,
built to offer near real-time irrigation insights with minimal
infrastructure.
Leadership & Investment
- Yury Vasilkov will
lead the new entity, serving as CEO and Board Member.
- Piyush Harsh will
become Chief Science Officer and serve as Board Member.
Key investors, including Seed4Equity, Glasshouse (Peter
Brabeck-Letmathe Family office), ICOS Capital, the Mahindra Group,
VI Partners, and Binny Bansal's 3SV (Three State Ventures), back
this merger, recognizing its potential for significant global
impact across the agriculture industry.
Executive Insights
- Yury Vasilkov, CEO:
"With this merger we can unlock a $10bn+ market opportunity.
Decarbonisation and cost-effective water use will be the top
priority for agriculture in the coming years, and we are well
positioned to address these opportunities, starting from the crops
where we are the strongest players today."
- Piyush Harsh, Chief Science
Officer: "By joining forces and integrating our technology
offer, we will create a significant impact for farmers worldwide —
not only improving sustainability in the face of resource
constraints but also their profitability and community
livelihoods."
- Prateek Srivastava, Terraview
Co-Founder and currently Vice President EMEA at Cropin:
"GAMAYA and Terraview bring together unique but complementary
products, a reliable GTM playbook, and hard learnings, to take
forward and drive success. It is a perfect union that can impact 5%
of the total arable land on earth, creating lasting value for the
planet."
- Taha Ben Mrad, Chairman of
GAMAYA's board: "The merger will strengthen our respective
expertise and will enable us to build a more comprehensive offer
for regenerative agriculture. GAMAYA and Terraview joining forces
represent building blocks to build a transformative company for the
future of agriculture."
For further information, please visit www.gamaya.com
Logo:
https://mma.prnewswire.com/media/2462144/GAMAYA_Logo.jpg
View original
content:https://www.prnewswire.co.uk/news-releases/gamaya-and-terraview-merge-to-unlock-new-opportunities-for-sustainable-food-systems-through-ai-powered-agronomic-intelligence-302197848.html