GAMAYA and Terraview merge, to unlock new opportunities for sustainable food systems through AI-powered agronomic intelligence

The companies will integrate their AgTech platforms to offer decarbonization and water use efficiency solutions for sugarcane and grape crops, with planned expansion into additional value chains and markets in the future

LAUSANNE, Switzerland, July 16, 2024 /PRNewswire/ -- GAMAYA and Terraview have announced their merger, combining their AI-powered platforms to enhance sustainability and climate-resiliency in global food production. This strategic move aims to address decarbonization and water efficiency in sugarcane and grape crops, with plans to expand into additional value chains and new markets. The merged company will operate under the GAMAYA brand.

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Innovating Agritech Amidst Climate Challenges

The agriculture sector demands advanced, reliable, and sustainable solutions to combat the pressures of climate change. GAMAYA and Terraview are leveraging their technological leadership positions to create comprehensive agronomic intelligence tools designed to meet these challenges head-on. Working with customers across the value chain, GAMAYA and Terraview will cross leverage their crop knowledge, sectorial understanding, and existing products to solve for currently-unmet needs within agriculture, creating complete, robustly tested, and scalable solutions that add tangible value and impact.

Harnessing Proven Expertise

    --  GAMAYA: Over the last 9 years, GAMAYA has built and tested its flagship
        product 'CanaSight', which is used by sugarcane growers in Brazil,
        LATAM, the USA, Africa, and India. GAMAYA recently released 'CanaTrace',
        a monitoring, reporting, and verification (MRV) toolset that enables the
        decarbonization of sugarcane farming. Today, it is one of the top 3
        products, globally, serving over 1.5m hectares of farmland and
        partnerships with leading industry players.
    --  Terraview: Terraview, over the last 5 years, has become a global leader
        in the grape (especially wine grapes) crop value chain. Its flagship
        product 'TerraviewOS' solves for production, risk and irrigation
        forecasts across 35+ vineyards in Spain, US and Australia. 'Aquaview' is
        a native AI product, built to offer near real-time irrigation insights
        with minimal infrastructure.

Leadership & Investment

    --  Yury Vasilkov will lead the new entity, serving as CEO and Board Member.
    --  Piyush Harsh will become Chief Science Officer and serve as Board
        Member.

Key investors, including Seed4Equity, Glasshouse (Peter Brabeck-Letmathe Family office), ICOS Capital, the Mahindra Group, VI Partners, and Binny Bansal's 3SV (Three State Ventures), back this merger, recognizing its potential for significant global impact across the agriculture industry.

Executive Insights

    --  Yury Vasilkov, CEO: "With this merger we can unlock a $10bn+ market
        opportunity. Decarbonisation and cost-effective water use will be the
        top priority for agriculture in the coming years, and we are well
        positioned to address these opportunities, starting from the crops where
        we are the strongest players today."
    --  Piyush Harsh, Chief Science Officer: "By joining forces and integrating
        our technology offer, we will create a significant impact for farmers
        worldwide -- not only improving sustainability in the face of resource
        constraints but also their profitability and community livelihoods."
    --  Prateek Srivastava, Terraview Co-Founder and currently Vice President
        EMEA at Cropin: "GAMAYA and Terraview bring together unique but
        complementary products, a reliable GTM playbook, and hard learnings, to
        take forward and drive success. It is a perfect union that can impact 5%
        of the total arable land on earth, creating lasting value for the
        planet."
    --  Taha Ben Mrad, Chairman of GAMAYA's board: "The merger will strengthen
        our respective expertise and will enable us to build a more
        comprehensive offer for regenerative agriculture. GAMAYA and Terraview
        joining forces represent building blocks to build a transformative
        company for the future of agriculture."

For further information, please visit www.gamaya.com [http://www.gamaya.com/]

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CONTACT: Christine Gould | PR/Comms for GAMAYA | christine@gamaya.com |
+41 795579952