ST. LOUIS, Nov. 14, 2019 /PRNewswire-PRWeb/ -- IN10T ("intent"), a rapidly growing St. Louis, Missouri digital ag company, today announced a financing agreement with Ospraie Ag Science (OAS), the venture arm of New York-based Ospraie Management, a commodities and basic industries firm. The agreement will expand IN10T's ability to provide innovative, on-farm solutions through trials, commercialization and technology.
"Ospraie's deep experience in a complex ag market will help us bring more solutions to ag companies, investors and farmers," said IN10T CEO Randall Barker. "In a market facing so many pressures, our customers need an edge to start, grow and transform. Our on-farm algorithms and customized data science tools help take the guesswork out of operations, allowing our customers to innovate, invest and farm with intent."
IN10T uses data science to optimize ag investments, farming operations and solve customer challenges with proprietary tools ranging from field research to digital market intelligence. In only three years since its founding, IN10T has grown a global testing network through FarmerTrials.com to over 1,500 farmers, paying growers to test the adoption of innovations and new technologies. Using productivity science, the latest technology and data analytics, IN10T serves ag companies and farmers around the world with 25 employees and a combined 500 years of ag experience in R&D, IT, marketing, product management, strategy, M&A, start-ups and operations.
OAS pointed to IN10T's rapid growth in contract field testing and marketing support for new technologies in advanced agricultural production as key reasons for providing financial backing.
"Our relationship with IN10T is a natural extension of our Ospraie Ag Science network," said Ospraie Management founder Dwight Anderson. "We are excited to partner in their growth, especially at a time when so many farmers, investors and ag companies need this expertise. Our early-stage ag tech partners can greatly benefit from IN10T's resources in testing and marketing their products."
About IN101T:
IN10T is a digital agriculture company founded in 2016 to solve farmer adoption challenges in agriculture. IN10T creates end-to-end, custom digital and data science solutions for customers in agriculture and those investing in agriculture. IN10T has experience solving for: adoption (product and platform), product commercialization, startups, strategy, sentiment, customer journey, grain marketing, predictive modeling, agronomy, data analytics, business development and signal processing.
About Ospraie Ag Science:
Ospraie Ag Science LLC (OAS) identifies solutions to help farmers "Do More With Less." By increasing profitability, improving quality-adjusted yield and reducing environmental impact, our companies not only benefit producers but generate smarter, healthier and more efficient food for consumers globally. Utilizing our extensive network and 25 years of experience investing in agriculture, OAS is positioned to help farmers achieve a sustainable future.
IN10T, Ospraie Management and Ospraie Ag Science (OAS) are either registered trademarks or trademarks in the Unites States and/or other countries. The names of actual companies and products mentioned herein may be the trademarks of their respective owners.
Contacts:
IN10T
Olivia Thompson
[email protected]
(314) 737-3039
Ospraie Ag Science
Jonathan Gasthalter
[email protected]
(212) 257-4170
SOURCE IN10T Inc.
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