Tekfen Ventures, Cisco Investments and Qualcomm Ventures are set to exit the crop monitoring technology developer later this year in a deal with Valmont Industries.

Agricultural equipment producer Valmont Industries agreed on Wednesday to acquire Israel-based agriculture technology provider Prospera Technologies for approximately $300m, allowing corporates Tekfen, Qualcomm and Cisco to exit. Prospera has developed a software platform which uses machine learning and computer vision technology to monitor and analyse the growth and health of crops, recording climate and visual…

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