Farmers need to do everything in their power to ensure their valuable products are protected from the never-ending list of risks to their quality and yield. They need to monitor their crops 24/7 and mitigate threats before they even begin.
Skycision has been helping farmers enhance the productivity of their crops in order to increase profitability of their operations for the better part of three years. They use off-the-shelf drones to give farmers real-time views of their operations, predict potential infestations, produce performance data, and identify the driving factors behind their results.
How much is Skycision doing in MRR?
Skycision charges farmers based on the number of acres they monitor and the frequency at which they collect imagery via drones. Prices per acre begin at $3 and scale down based on volume increases. The average customer currently pays Skycision $1k on a monthly basis to manage roughly 500 acres.
The company serves 200 different operations over 11 unique customers right now. According to CEO Brendan Carroll, Skycision is doing $11k in MRR at this point in time and is forecasted to land 25-40 new customers by year end.
How much has Skycision raised?
At this point in time, Skycision has grown to scale with only $1.1M in outside funding. The company has focused its strategy on landing customers with high value crops and are currently serving 180 different vineyards throughout California.
Their team of six full-time employees are distributed throughout the United States and are working on automating as much of their technology as possible to improve scalability going forward. Carroll also noted that a large key to growth is in the company’s ability to decrease the touch they are placing on each sale.