Agtech acquisition aims to reduce global grain spoilage: Page 2 of 2

April 22, 2019 //By Nick Flaherty
A grain pile in Nebraska monitored by Telesense
Food supply chain IoT technology company TeleSense (Sunnyvale, CA) has bought Danish wireless sensor specialist Webstech to create the world's largest AI-driven agricultural network. 
will change as new IoT-enabled technologies take hold throughout the supply chain,” added Peter Votkjaer Jorgensen of Maersk Growth Ventures, who will join the Board of Directors of the newly created TeleSense Europe ApS subsidiary. “We think that this acquisition by TeleSense will accelerate the mission of higher sustainability and efficiency in the grain supply chain.” 

“Standards in Europe are incredibly unique, and many agtech startups stumble trying to get a foothold in this complicated market,” added Finistere Venture’s Spencer Maughan, who is also on the TeleSense Board of Directors. “TeleSense will now be able to swiftly scale its footprint across Europe.”

Telesense is already backed by European funders such as Finistere Ventures, Maersk Growth, Rabobank’s Food & Agri Innovation Fund.

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