SAN FRANCISCO & CHICAGO – (BUSINESS WIRE) – The Climate Corporation announced the acquisition of 640 Labs, an agricultural technology startup based in Chicago. The 640 Labs team will join The Climate Corporation, strengthening the company's efforts to build the industry's leading data science platform for farmers.
"At The Climate Corporation, we strongly believe that leveraging on-farm data can help farmers maximize yields and optimize natural resource use," said David Friedberg, CEO of The Climate Corporation. "Turning that data into valuable tools for farmers requires a combination of top software engineers, statisticians and specialized disciplines, from agronomists to climatologists. The 640 Labs team brings a combination of engineering and agricultural expertise that will complement and enhance the capabilities of our existing team."
640 Labs is a startup in downtown Chicago, Illinois, founded by Corbett Kull and Craig Rupp, two highly experienced engineers. The team works to leverage the power of analytics, mobile technologies and cloud computing to help farmers capture and store in-field data.
"We share The Climate Corporation's vision of providing seamless data solutions for farmers," said Kull. "We're very happy to be joining an organization that is leading the development of unique data science solutions for farmers."
The Climate Corporation will maintain the Chicago office, where the 640 Labs team will remain. "We're excited to have a new Chicago location and plan to expand our science and engineering organization, aggressively hiring talent in the region," said Friedberg.
In the coming year, The Climate Corporation expects to announce new products or services to be offered as a result of the 640 Labs acquisition.
The terms of the agreement were not disclosed. For more information about The Climate Corporation's products and services visit www.climate.com.
The Climate Corporation aims to help farmers around the world protect and improve their farming operations with uniquely powerful software, hardware and insurance products. The company’s proprietary Climate Technology Platform™ combines hyper-local weather monitoring, agronomic modeling, and high-resolution weather simulations to deliver Climate Basic™ and Climate Pro™, mobile SaaS solutions that helps farmers improve profitability by making better informed operating and financing decisions. Through its exclusive relationship with OneBeacon Insurance Group, the company is also an authorized provider of the U.S. Federal crop insurance program, enabling authorized independent crop insurance agents to provide farmers with the industry’s most powerful full-stack risk management solution. In the face of increasingly volatile weather, the global $3 trillion agriculture industry depends on the company’s unique technologies to help stabilize and improve profits and, ultimately, help feed the world. For more information, please visit www.climate.com or follow the company on Twitter @climatecorp. Climate Crop Insurance Agency LLC is an equal opportunity provider.
The Climate Corporation
Christy Toedebusch, 314.694.5996