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A pesticide-drone startup a day keeps the FOMO away.
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Startup of the Year: Daily Dealflow™
The Daily Dealflow ™ newsletter delivers one startup to your inbox every work day and is presented by Silicon Valley Bank.
Startup of the Year™ discovers and supports the most promising and innovative startups from around the world through #DailyDealflow, #SOTYPodcast, and more.
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Rantizo
Rantizo provides targeted drone-based aerial application of liquid and solid solutions precisely when they're needed, where they're needed.
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Growers will utilize Rantizo's technology to address tight agricultural labor markets that inhibit the timely treatment of invasive pests, as well as the heavy capital equipment requirements of current spray technology.
Crop yields will increase through more targeted, timely, and reliable treatment of problem pests, while the destructive environmental impact of current agrichemical delivery techniques will diminish significantly through a reduction in soil compaction and crop destruction caused by repeatedly driving heavy equipment through the field.
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What's Innovative About Their Solution?
The Rantizo Fly & Apply system combines reliable DJI drones, Rantizo hardware upgrades, and proprietary app software to supply an integrated solution that's first of its kind in leveraging the identification of in-field anomalies with autonomous targeted drone-based agricultural spraying. The platform provides an end-to-end solution that identifies problem areas, diagnoses field issues, sprays and applies required treatments and verifies the issues have been addressed accurately, all through a combination of autonomous hardware and user-friendly software.
Rantizo's ongoing development of an integrated Mix & Fill system, electrostatic components and cartridge dispensed agrichemicals will increase efficiency, precision, and cost-effectiveness in agricultural spraying.
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📍 Location
Iowa City, Iowa
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⚙️ Product Stage
Beta—Public
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🤑 Fundraising Status
Considering raising
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💸 Total Funding
To Date
$500k-$1.5MM
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Big Wins
- First company in the state of Iowa and one of only a handful in the U.S. with FAA certification for the use of UAS for agricultural operations
- First company licensed in 10 different states for aerial application of pesticides via drone.
- Performed dozens of paid applications after becoming licensed in mid 2019, while also selling drones and related equipment to numerous clients across the country.
- Secured a distribution agreement with DJI, the world’s largest drone manufacturer, focusing on the North American agricultural spraying market
- Won the Ag Launch Pitch Competition at the 2018 Farm & Gin Show in Memphis
- Won the 2019 Ag Innovation Competition at the Iowa Power Farming Show in Des Moines
- Named the “Hottest Startup in Iowa” by Clay & Milk
- Received front page coverage in the Cedar Rapids Gazette, Iowa City Press-Citizen, and The Daily Iowan
- Featured in segments aired on WHO-13, KGAN-2, FOX-28, and KCRG-9, as well as a variety of industry publications including Precision Ag, Silicon Prairie News, Successful Farming, Wallace’s Farmer, Farm Futures, the Farm Bureau Spokesman, and the Rural Radio Network
- Won the 2019 John Pappajohn Entrepreneurial Venture Competition
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Contact the Founder:
Michael Ott
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Further Your Passion For Startups
The Startup of the Year Podcast raises the bar for startups around the world by providing further insight on the emerging companies featured in our Daily Dealflow ™ newsletter and by highlighting newsworthy stories and global trends affecting the startup ecosystem. Thank you to American Airlines and Silicon Valley Bank for your sponsorship! |
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Thank you to our Daily Dealflow Sponsor!
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2019 Startup Outlook Report
SVB is pleased to present the 10th edition of our annual Startup Outlook Report, focusing on the innovation economies of the US, the UK, China and Canada. Read the report here.
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Established, LLC is not a broker-dealer and cannot provide assurances and makes no representations or warranties as to the timing or price terms for any purchase or sale of early-stage company equity. Nothing contained in this email constitutes investment, legal, tax or other advice. No information or statements contained in this email should be relied upon in making an investment or different decision. You should review all risks and consult all applicable professionals when making any investment decisions. Information and statements contained within this email and any attachments are solely for informational purposes and does not constitute an offer to sell or a solicitation to buy any securities.
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