Platform Radically Streamlines Controlled Environment Agriculture Operations
TORONTO & PALO ALTO, Calif.--(BUSINESS WIRE)--#AIinfarming--Raiven Capital, a global early-stage tech venture fund, today announced its investment in Vancouver-based Elevated Signals, an enterprise software company for controlled environment agriculture (CEA) producers.
The company uses data science to enable supply chain, operational productivity and yield optimization for controlled environment agriculture (CEA) companies. Having established a leadership position in the highly regulated and data-driven cannabis arena, it is expanding to other CEA segments. The company already has 80 enterprise clients across the world.
“We are excited to invest in Elevated Signals which fills a huge gap in the marketplace,” said Paul Dugsin, General Partner at Raiven Capital. “With the CEA market growing exponentially, and most companies managing data and operations in non-automated, paper-based environments, it brings key efficiencies to bear. The timing is right.”
The company brings great technology optimization: Think supply chain management meets enterprise resource planning (ERP) for agtech. All data is tracked from seed to sale, with predictive analytics reported on dashboards that visualize processes, enabling decisions in real time, which greatly increases yields.
Their platform replaces old school spreadsheets and paper with mobile solutions that streamline operations across the whole production line. Government requirements mandate production reporting across at a very granular level. This level of tracking works across many industries, making the software highly relevant in pharma, nutraceuticals, and across other industries.
Amar Singh, Elevated Signal’s CEO, said: “Raiven Capital’s world-class team has been key in helping our company expand, so that we can take our modern approach to other verticals.”
About Raiven Capital
Raiven Capital is a global early-stage technology venture fund with roots in both Silicon Valley and Toronto. Raiven Capital focuses on opportunities in artificial intelligence, DLT and Internet of Things. Raiven actively seeks passionate founders developing companies that optimize value chains across cybersecurity, finance, energy, health, environment, and food sectors. Once growth is robust, Raiven exits its portfolio companies to later-stage capital in Silicon Valley and beyond.
About Elevated Signals
Elevated Signals provides advanced bio-product manufacturing software for controlled environment agriculture companies. By replacing fragmented systems of spreadsheets, paper, and legacy software with a fully-digital central platform, the software enables significant improvements to supply chain visibility, operational productivity, and yield optimization, ultimately increasing profitability.