Chief executive Will Wells, 36, came up with the idea for this agricultural analytics platform while studying for an MBA. The company he founded in 2016 applies AI to data and imagery from satellites, drones, and planes, to analyse crops and help farmers identify problems early, such as issues with nutrition, weeds, pests, and drainage. It has raised $16m to date from investors including the European Space Agency, BASF, and Beeswax Dyson, James Dyson’s agricultural firm. In May 2019, Saudi Arabia’s agriculture and livestock investment company made its first investment in the UK, putting £7m into Hummingbird Technologies’ series B funding round. Last year the firm evaluated over 500,000 hectares, from more than 100 farms, and has established satellite offices in countries it works in, including Brazil, Ukraine, Russia, Australia, and New Zealand.
This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.