Monitoring and measuring at scale with clarity and confidence

In our previous article Rangelands: Nature’s Powerhouse for Biodiversity and Climate Solutions we discussed the significance of rangeland ecosystems for climate resilience and food security. Now, let’s dive into the importance of rangelands for carbon sequestration and how the Proveye D-MMR (digital measurement, monitoring and reporting) platform is revolutionising the way we measure and track carbon sequestration in these vast landscapes.

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As we all navigate the challenges of a rapidly changing world, it’s crucial to recognize the hidden power of rangelands - the vast landscapes that support livestock production, food security, and biodiversity. From the steppes of Mongolia to the savannas of Africa, rangelands cover over half of the Earth's terrestrial surface, providing vital resources for both people and ecosystems. Yet, these crucial areas face immense pressures, and their degradation is a growing concern globally.

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We are excited to announce that Proveye has been awarded a second contract with the European Space Agency (ESA) under the ARTES Business Applications and Space Solutions Programme to advance remote measurement and monitoring of nature-based solutions for carbon removal and habitat restoration in the world’s grasslands.

The contract will enable us to further develop our pioneering platform that integrates satellite and drone image processing and AI technologies for high-precision, metric-based measurement and monitoring of land use, carbon sequestration and biodiversity in the world’s grasslands.

This underscores Proveye’s growing influence in the field of sustainable food production and environmental monitoring. Our innovative remote sensing platform enables the measurement of the performance and risk in nature-based solutions projects that look to increase biodiversity and carbon sequestration through regenerative management of grassland ecosystems.

According to the Rangeland Atlas 54% of the world’s land surface is covered by grass, shrubs or sparse, hardy vegetation storing over 20% of the Earth’s soil carbon as well as playing a key role in global food production. The world’s grasslands are seen by many to be an undervalued source of climate resilience and food production primarily, due to difficulty of measuring and monitoring at vast scales.

By combining cutting-edge technology our  platform delivers stakeholders in nature-based solutions and regenerative grazing, such as farmers, project owners, buyers of carbon credits, natural capital investors, food processors and insurance firms, the trusted data to confirm and deliver on claimed activities and targets to create high-integrity nature-based credits.

This contract with ESA marks a significant milestone in our mission to help deliver nature-based solutions that drive climate resilience and sustainable food production. Our platform empowers farmers to manage grasslands more efficiently, give actionable insights to project owners and provide investors and corporates with empirical evidence on the impact of their nature capital investments.

Frequent and accurate metrics are critical to the widespread adoption of nature-based solutions and given the lack of significant financial commitments being secured at COP29 highlights even more the pressing need for platforms such as ours to give investors the assurance of impact on their investments.

Proveye’s second collaboration with ESA highlights the company’s pivotal role in shaping the future of sustainable food production and climate resilience. This contract is expected to have far-reaching impacts, not only in Europe but globally, by driving efficiencies in habitat and grassland management and contributing to broader sustainability targets for all stakeholders in food production, natural capital and biodiversity restoration.

The team at Proveye is delighted to have received two awards at this year’s Enterprise Ireland Innovation Arena. Proveye won the Start-Up Innovator of the Year Award and the Ace Agritech Centre of Excellence Award. At the event, the company showcased Proveye for Grass, the world’s most accurate and comprehensive remote grassland management platform. See here for more on the story.

Proveye, a leader in remote sensing image analysis for agriculture, today announced that it has closed a €1 million seed funding round to advance the company’s growth strategy. The funding round was led by Inspire Investments, the private investment arm of Waystone’s management team, and Enterprise Ireland. Jerome O’Connell, CEO and founder, Proveye, said, “This investment comes at a time of rapid growth for the company as we demonstrate the value of a new generation of image-based analytics in agriculture. Our talented team is working with some of the leading names in the agriculture industry to solve challenges previously out of reach to substantially increase certainty and accuracy in management decisions at the field, farm and even regional scale.”

Proveye an Irish AgTech company which is pioneering the use of digital image data for both agriculture and environment protection, today announced that it has been awarded €225,000 by the European Space Agency (ESA). This contract will support the company’s commercialisation of its grassland management platform. The funding will support the company during the commercialisation of its grassland management solution. Proveye integrates Unmanned Aerial Vehicles (UAV), satellite and AI technology into a single platform that represents a generational shift in accuracy and clarity for grassland mapping and composition analysis for agricultural advisors, seed suppliers, and agri-input providers.