The new partnership between Valley and SVG signifies the company’s continued commitment to advancing a more efficient and sustainable agriculture supply chain through best-in-class technology.

Los Gatos, CA, September 16, 2019 - SVG Ventures, a Silicon Valley-based venture and

innovation firm, announced today that Valley® Irrigation, a Valmont® Company, has become the
latest Corporate Partner to join its THRIVE Venture & Innovation Platform. Valley Irrigation is
The Leader in Precision Irrigation® and offers a pivotal end-to-end cloud-based platform with
real-time equipment, environmental, and agronomic data. The immediate data provides
solutions for conserving water and meeting the growing demand for food. The new partnership
between Valley and SVG signifies the company's continued commitment to advancing a more
efficient and sustainable agriculture supply chain through best-in-class technology.

SVG-THRIVE leverages its award winning global AgTech platform to connect corporate partners
like Valley with their worldwide network of entrepreneurs to drive innovation and identify
emerging technologies that advance the future of food and agriculture. Valley will have the
opportunity to partner with startups, participate in global pitch events, mentor accelerator
startups, custom programs and workshops, and join SVG's network of corporate AgTech
partners.

"We are delighted to welcome Valley Irrigation as the latest Corporate Partner. Progressive
corporations, like Valley, are proactively looking across the globe for innovative solutions." said
John Hartnett, Founder & CEO of SVG Ventures-THRIVE. "Our platform delivers qualified
dealflow and incredible opportunities for both our corporate partners and our startups." he
added.

In 2018, irrigation charted as a $1.03 billion (USD) global industry and is expected to reach
$2.84 billion by 2025, advancements in the irrigation space represent a significant opportunity
for disruptive technology. From the initial offering of GPS guidance in tractors to today's
predictive analysis, the technology involved in farming operations has evolved, but the goal has
remained the same: increase ROI for the grower. Valley Irrigation is focused on optimizing the
future of AgTech with the knowledge that water is still the most important determinant of
yield. Applying water accurately and efficiently results in higher profits. Valley realizes the
power in fully connected crop management tools by incorporating the latest in artificial
intelligence, machine learning, and sensor technology. The latest Valley Irrigation pivots will
now be able to not only apply water and crop protection products, but also to scout for other
issues that threaten yields, such as pests and disease.

"The partnership between SVG Ventures and Valley Irrigation is creating great value for us and
other organizations dedicated to evolving technologies in agriculture," said Trevor Mecham,
Vice President, Global Technology Strategy for Valley. "The organizational structure that SVGTHRIVE
has provided creates not only great collaborations amongst leading industry providers
to scale their businesses and relationships, but also provides insight into new AgTech
companies that are up and coming."

Valley Irrigation continues to raise the bar on technological advancements and recently
announced another industry first with their cloud-based remote management platform that
establishes a new competitive advantage for irrigation management. "This new innovation
furthers the Valley tradition of helping growers become more advanced and efficient," said
Andy Carritt, Vice President, Product Development. "This industry first will be with updates
functioning similarly to the smartphone updates most people are familiar with - but for their
smart panels."

About Valley Irrigation
Valley Irrigation founded the center pivot irrigation industry in 1954, and our brand is the
worldwide leader in sales, service, quality and innovation. With historical sales of more than
250,000 center pivots and linears, Valmont-built equipment annually irrigates approximately 25
million acres (10 million hectares) around the world. We remain dedicated to providing
innovative, precision irrigation solutions now and into the future. For more information, please
visit valleyirrigation.com.

About SVG Ventures-THRIVE Innovation Platform
SVG Ventures-THRIVE is the leading AgriFood innovation ecosystem, comprised of top
agriculture, food & technology corporations, universities, and investors. With a community of
over 2,000 startups from 82 countries, the THRIVE platform invests, accelerates and creates
unparalleled access for entrepreneurs to scale globally to solve the biggest challenges facing
the food and agriculture industries. AgFunder recognizes SVG Ventures-THRIVE as the "Most
Valuable AgriFood Platform in the World." For more information, please visit
www.thriveagrifood.com and review the SVG Ventures Press Kit.

THRIVE VI Applications Open
SVG Ventures is currently accepting applications for its sixth THRIVE Accelerator program. The
program will take place over four months commencing in February & culminating at the Forbes
AgTech Summit in Salinas in June 2020. The application deadline for startups is October 31st,
2019. To apply, please visit the THRIVE website.