FarmSense, a pest management and insect monitoring platform company, has received a USD 750,000 investment as one of two winners of the 2023 Radicle Inclusion Challenge Presented by Nutrien. The competition was part of an initiative by Radicle (a California-based venture capital firm focused on early-stage agriculture and FoodTech startups) and Nutrien (a Canadian producer of crop inputs) to promote diversity and inclusion in the commercial agriculture sector by supporting women and black, indigenous, and people of color (BIPOC) entrepreneurs.

The company intends to use the funds to further develop and expand its “FlightSensor” technology. In addition to the investment, the company also expects to collaborate with Radicle Growth and Nutrien, as well as gain access to Radicle's company-building platform.

Analyst QuickTake: FarmSense's focus lies in the expansion of its patented technology, FlightSensor, to improve insect monitoring and crop management efforts. The company was previously awarded USD 275,000 in Small Business Innovation Research (SBIR) funding , with the potential to expand to up to USD 2 million to create an end-to-end digital mosquito surveillance platform for farmers. As of date, the company has received awards and grants from Microsoft, Google, the US Department of Defense, the Bill & Melinda Gates Foundation, the National Science Foundation, the US Department of Agriculture, the National Institutes of Health, and more.