Osram: buys stake in Canadian horticulture start-up
(CercleFinance.com) - German lighting group Osram has bought a stake in Montreal-based horticulture start-up company Motorleaf so as to strenghthen its position in advanced data analytics for farm production.
An artificial intelligence company, the Canadian startup provides data-driven insights to greenhouse and indoor farm operators. In its initial trials, Motorleaf's technology led to a 50% reduction in yield prediction error in tomatoes, Osram said.
Osram recently expanded its horticulture portfolio with the acquisition of US specialty light supplier Fluence Bioingeneering.
The Munich-based company has also held a stake in the horticulture start-up Agrilution since 2017.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
An artificial intelligence company, the Canadian startup provides data-driven insights to greenhouse and indoor farm operators. In its initial trials, Motorleaf's technology led to a 50% reduction in yield prediction error in tomatoes, Osram said.
Osram recently expanded its horticulture portfolio with the acquisition of US specialty light supplier Fluence Bioingeneering.
The Munich-based company has also held a stake in the horticulture start-up Agrilution since 2017.
Copyright (c) 2018 CercleFinance.com. All rights reserved.