In Illinois, MyAgData, an agriculture data analytics company closed $2 million in convertible debt from Open Prairie to scale its technology infrastructure and expand its sales and marketing teams to accelerate adoption of the MyAgData platform.
MyAgData is a revolutionary cloud-based platform, available in both standard and mobile formats, enabling the collection of layers of geospatial data from precision-ag technologies prevalent on today’s farm equipment, simplifying the reporting process for crop insurance and USDA while also allowing for traceability of food production. MyAgData seamlessly integrates agricultural data, facilitates management of the data, and transmits results to any stakeholders authorized by the producer. MyAgData saves time and money for users and provides a higher level of accuracy than manual reporting.
“We are thrilled with the opportunity to collaborate with Open Prairie,” said MyAgData CEO Deb Casurella. “This arrangement will help us position MyAgData for the explosive growth predicted for electronic reporting.”