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. To enable this full stack solution, Blue River employs multiple critical technologies, each reinforcing the impacts of the others: Not only did Blue River combine the powers of AI and robotics to enable their machines to see and act, but they also developed and deployed the surrounding technology, including: Combining these technologies, Blue River demonstrated that they will ultimately be able to deliver a precise cocktail of beneficial microbes, fungicides, herbicides, and fertilizers to each individual plant. "Blue River is advancing precision agriculture by moving farm management decisions from the field level to the plant level," said Jorge Heraud, co-founder and CEO of Blue River Technology. Raytheon Technologies' acquisition of satellite manufacturer Blue Canyon Technologies has been completed, the company announced Dec. 22. 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 & … Deere, except as required by law, undertakes no obligation to update or revise the forward-looking statements, whether as a result of new developments or otherwise. 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. 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 by Deere & Company (NYSE:DE), the leading manufacturer of agricultural equipment. 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. Earlier in September, Deere said MOLINE, IL - Agtech as an industry is quickly becoming a magnet for investments and innovation, as evidenced by John Deere’s acquisition of Artificial Intelligence (AI) company, Blue River Technology, on Wednesday. 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. We're introducing See & Spray technology, enabling a world in which every plant counts. Transaction Name For further information, the news media should call: Ken Golden Director, Global Public Relations Deere & Company 309-765-5678. In a unique "closed-loop" cycle, our technology includes a second set of cameras and the ability to automatically check its work as it operates. BCT now reports into Raytheon Intelligence and Space, a business of Raytheon Technologies. * Deere & Company completes Blue River Technology acquisition Source text for Eikon: Further company coverage: 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. We can provide you with economical solutions for dewatering and flocculation equipment and supplies. Blue River Technology Machinery Sunnyvale, California 7,262 followers Our mission is to create intelligent machinery that solves monumental challenges for our customers. Acquiring Organization: John Deere Deere & Company is an American corporation that manufactures agricultural, construction, and forestry machinery. BOULDER -- Small satellite manufacturer and mission services provider Blue Canyon Technologies announced the completion of its acquisition by Raytheon Technologies (NYSE: RTX), an aerospace and defense … 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. Just this summer the company released its “See & Spray” weed control machine. One application of Blue River’s technology uses a machine, dragged behind a tractor, whose cameras can instantly identify weeds among a crop. We believe this diverse mix of talent is critical to building a product that customers genuinely want and use. 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. “What Blue River Technology allows us to do is move to the plant level, and start managing at that plant level,” says Alex Purdy, director of John Deere Labs. To that end, they are always on the look-out for the best technology for the best crop yield at the least economic and environmental impact for the farmer. In his free time he … Raytheon Technologies completed its acquisition of Blue Canyon Technologies (BCT), the companies announced Monday. EXPANDING INTO THE FUTURE Continuing to develop exciting new technologies "We are using computer vision, robotics, and machine learning to help smart machines detect, identify, and make management decisions about every single plant in the field.". The founders of Blue River will continue to hold a sizeable equity stake in the company. Discover Thomson Reuters. Blue River exemplifies the Data Collective thesis, combining: to transform the $5 trillion global industry. “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, … 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 by Deere & Company (NYSE:DE), the leading manufacturer of agricultural equipment. However, this method is failing. See & Spray machines leverage deep learning to enable our machines to identify a greater variety of plants—both crops & weeds—with better accuracy, and then make crop management decisions on the spot. Blue River’s clients come from many industries and sectors. Blue River Technology has been acquired by John Deere* for $305 million. With lettuce, Blue River’s robots determine how to best allocate resources to grow lettuce and autonomously thins the crop to maximize yield. September 13, 2017 - Deere & Company announced that it has completed its acquisition of Blue River Technology. For most of this acreage, farmers are forced to spray the entire field with herbicides (e.g., RoundUp) — individually weeding the fields would be prohibitively time consuming and costly. 6:34p Upgrading Technology Should Mean Improving Clients’ Experience ... Blue River Resources Ltd. Blue River Resources Ltd. engages in the acquisition, exploration, and … See & Spray is the next generation of Blue River's technology. /CNW/ -- Deere & Company (NYSE: DE) announced today that it has completed its acquisition of Blue River Technology. Farmers need a better solution. 4WD and Track Tractors (370-620 Engine HP), Gator™ Utility Vehicles Attachments & Accessories, Utility Tractors Attachments & Implements, Operator's Manual for Construction & Forestry. 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. Deere & Company (www.JohnDeere.ca) is a world leader in providing advanced products and services and is committed to the success of customers whose work is linked to the land - those who cultivate, harvest, transform, enrich and build upon the land to meet the world's dramatically increasing need for food, fuel, shelter and infrastructure. Deere said it will invest $305 million to fully acquire Blue River Technology. And one, developed by a Silicon Valley start-up Blue River Technology… We are grateful for John and Kiersten’s help, especially Kiersten, who truly played a leadership role in driving this outcome for Blue River. The acquisition of the Silicon Valley artificial intelligence and farm equipment making startup by farming’s largest equipment manufacturer (Deere), is a great success story with a bit of a twist. In November, were not disclosed is an American corporation that manufactures agricultural, construction, and enables real-time closed-loop... 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