Pymwymic and Horticoop have acquired a significant new stake in Vivent to help accelerate its expansion to new markets.
"We are delighted to have Pymwymic and Horticoop join our ownership group as we increase sales and refine product offerings for new agricultural sectors. They are both driven by deep connections with sustainable agriculture, and their involvement reinforces the industry's growing interest in plant-centered cultivation," said Vivent co-founder and CEO Carrol Plummer.
Vivent's wearables for plants provide alerts before visual symptoms appear so growers can treat plants earlier.
"Using recent advances in machine learning, we can now decipher the internal network in plants and learn exactly what they need," says Dr Nigel Wallbridge, Vivent co-founder. "With our new investors, we can deliver plant-driven, responsive, sustainable agricultural systems of all kinds."
"We are convinced of the disruptive potential of the technology and hence excited about supporting the team at Vivent," says Wilco Schoonderbeek, Director of Investments at Horticoop BV.
"We are delighted to support Vivent on their journey to unlock the 'language of plants' and deepen our knowledge of how to manage plant stress. It is remarkable to see precisely how plants respond to stressors in the environment and to learn how we can use these signals to support better crop management in the face of climate change." Monique Meulemans, Pymwymic Investment Manager