AI Agriculture Startups Take In Record Amount of VC Funding

Venture-capital firms are pouring money into artificial-intelligence agricultural-software startups as farmers turn to the technology to control pests, eradicate weeds and increase crop yields.

Investors have put a record $1.54 billion into AI agriculture software companies so far this year, according to data released last week by PitchBook Data Inc. That surpasses the $1.42 billion firms invested in the sector in 2020. In the prior two years, funding totaled $1.03 billion combined, according to the data and research firm.