Vivid Machines Inc. - Company Research Report

Company Overview

• Name: Vivid Machines Inc.

• Mission: To revolutionize fruit and vegetable production by helping farmers solve global food security issues using computer vision technology.

• Founded: November 2020

• Founders: Jenny Lemieux and Jonathan Binas

• Key People:

• Jenny Lemieux, Founder & CEO

• Jonathan Binas, Founder & CTO

• Headquarters: Toronto, Ontario, Canada

• Number of Employees: No information is available

• Revenue: No information is available

• Reputation: Known for utilizing cutting-edge vision technology to optimize food production on existing land and providing early yield projections. The technology helps fruit farmers understand each tree better and improve fruit production quality.

Products

Vivid X Vision System

• Description: The Vivid X Vision System is a spectral sensor and computer vision technology that provides precision crop load management data from blossom to harvest. It offers valuable insights for growers, packhouses, and marketers.

• Key Features:

• Scans Trees: Up to 15,000 trees per hour.

• Prediction Accuracy: Over 90%.

• Real-Time Prediction Speed: Provides instant insights and predictions.

• User-Friendly: Easily mounts onto any farm equipment, and can be controlled via smartphone or tablet.

• Data-Driven Decision Making: Helps in real-time crop lifecycle understanding, optimizing yields, resource usage, and thinning decisions.

Vivid XV3

• Description: Ultimate crop load management system designed for farm management, thinning, and yield forecasting.

• Key Features:

• Provides tree-level visibility for optimal orchard management.

• Generates up-to-date maps with detailed tree counts, varieties, and rootstocks.

• Monitors blossoms, fruit development, and yield metrics at block and section levels.

• Helps in early yield understanding, improving sales and planning, and increasing yields through data-driven decisions.

Recent Developments

• New Products Launched: Introduction of the Vivid X Vision System for the fruit supply chain.

• New Features Added: Enhanced yield forecasting accuracy with over 90% accuracy on estimates, supporting better resource management.

• Partnerships: Received investment from StandUp Ventures to expand computer vision services globally, having closed a $4.3M USD Seed round.

• Strategic Initiatives:

• Efforts to revolutionize fruit production and supply chain management through digital transformation.

• Developing the world’s largest plant-level dataset in specialty crops to improve food supply chain efficiency.

Vivid Machines continues strong advancement in the agritech sector, as noted by multiple credible testimonials from orchard managers acknowledging the system's effective utility in crop management and yield improvement. The company's expansion efforts and continued innovation signal significant steps towards achieving its vision for the agricultural industry.