EDMONTON, Alberta, February 7, 2020 (Wyvern PR) — Sustainable Development Technology Canada (SDTC), an arm’s-length foundation created by the Government of Canada to fund technologies with economic and environmental benefits, announced today a CAD $4M [USD $3.16 million] investment into Canadian satellite startup Wyvern. The investment is tied to a 3-year project that includes support from xarvio® Digital Farming Solutions a brand by BASF Digital Farming GmbH, Olds College, SkyWatch, Metaspectral, and Wild + Pine as consortium partners. This funding announcement comes just weeks after Wyvern’s recent announcement of USD $4.5M in funding and acceptance into the Y Combinator accelerator.
“Wyvern’s technology is addressing a major gap in the market,” said Leah Lawrence, President and CEO of SDTC. “Their imaging products are going to help farmers use less fertilizer, pesticides, and water and help produce bigger yields. SDTC is proud to support Wyvern in their mission to increase the productivity and sustainability of Canadian farmlands.”
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