InTerra, Inc. Receives $100,000 Investment from HudsonAlpha AgTech Accelerator powered by gener8tor!
FOR IMMEDIATE RELEASE
Contact:
Lauren Marin
Media Contact
InTerra, Inc.
Media@InTerra5d.com
Huntsville, AL – September 25, 2023 – InTerra, Inc., a provider of innovative agricultural technology solutions, today announced that it has received a $100,000 investment from the HudsonAlpha AgTech Accelerator powered by gener8tor. The investment will be used to grow InTerra’s product offering and expand its reach into new markets, including the agriculture industry, which is a critical national infrastructure.
“We are thrilled to receive this investment from the HudsonAlpha AgTech Accelerator,” said Peter Funk, CTO of InTerra. “This funding will allow us to focus and accelerate the development of new service offerings to provide farmers, ranchers, and other agricultural professionals information on their land, their most valuable resource.”
InTerra’s products help to improve mapping and make data acquisition more efficient while increasing productivity and profitability. The company’s flagship product is a high-accuracy, low-cost desktop hardware and software platform for drone mappers and surveyors that provides cost-effective data on crops and terrain. This data can be used to make better decisions about irrigation, fertilization, and pest control throughout the seasons.
“Agriculture is a critical national infrastructure, and InTerra is developing innovative technologies to help farmers meet the challenges of the 21st century,” said Larry Donelson, CEO of InTerra. “We are grateful to the HudsonAlpha AgTech Accelerator and gener8tor for their support, and we look forward to using this investment to help serve new customers as well as our great current customer base in the transportation, mining, and telecom industries.”
“We are excited to partner with InTerra as they develop and commercialize their innovative agricultural technology solutions,” said gener8tor Managing Director Christopher Udall. “HudsonAlpha AgTech Accelerator is a highly competitive application and interview process where only the best and brightest companies are selected. InTerra’s team has a deep understanding of the agricultural industry and the needs of farmers and ranchers. We are confident that they will use this investment to make a significant impact on the industry.”
Looking Forward to Helping New Customers
“We are excited to use this investment to help even more customers succeed,” said Donelson. “We believe that our technology has the potential to transform the way that agriculture is viewed, and we are committed to providing our customers with the best possible products and services.”
About InTerra, Inc.
InTerra, Inc. is a provider of innovative agricultural technology solutions. The company’s flagship product SmarTarget® is a GPS-enabled Ground Control Point with included Locator™ software platform that provides drone mapping and surveying companies with high-accuracy ground control at a low-cost desktop solution. InTerra helps farmers with real-time data on their crops. This data can be used to make better decisions about irrigation, fertilization, and pest control. InTerra is headquartered in Huntsville, Alabama. Their website is https://www.interra5d.com.
About HudsonAlpha AgTech Accelerator powered by gener8tor.
The HudsonAlpha AgTech Accelerator powered by gener8tor is a 12-week program that helps early-stage agricultural technology startups to develop and commercialize their products and services. The program provides startups with access to mentorship, investment capital, and resources from HudsonAlpha Institute for Biotechnology and gener8tor.
About gener8tor
gener8tor is a venture capital accelerator that provides early-stage startups with mentorship, investment capital, and resources to help them succeed. gener8tor has invested in over 600 startups and helped to create over 7,500 jobs.