Agribusiness  July 29, 2015

Agribotix names Lou Faust CEO

BOULDER — Agribotix LLC, a provider of agricultural data collected by using drones, has hired Lou Faust as the Boulder-based company’s chief executive.

Faust is taking over for Paul Hoff, who will serve as the startup’s chief operating officer.

Lou Faust

Faust has more than 30 years of management experience and 10 years on Wall Street as managing director with Salomon Brothers (Citigroup). His expertise is in creating growth strategies, raising capital and leading startups to successful exits.

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Agribotix, founded in 2013 by Tom McKinnon, designs and manufactures drones that carry a camera and the company’s software system, which collects data for the agriculture industry.

“I’m delighted to welcome Lou to the Agribotix team,” Hoff said in a prepared statement. “His vast experience funding emerging growth companies and engineering exits will help take us to the next level.”

The ag tech and drone sectors have seen an influx of investors. The proliferation of players offering software and hardware has made for competition among venture capitalists seeking attractive opportunities.

“We believe we have a differentiated growth strategy relative to the competition,” Faust said in a prepared statement. “We’re ‘all ag, all the time.’ Our solution provides critical intelligence growers need to make key business decisions concerning precise fertilizer application, irrigation and more to produce bigger yields and higher profits.”

Agribotix’s products include Field Lens, a cloud-based data analysis and reporting system. Outputs include prescription maps for in-season fertilization, weed reports for geolocating resistant patches, and estimating coverage, plus specialized reporting. The Field Lens is bundled with the Enduro turnkey ag drone system, which includes a long range agricultural quad drone.

BOULDER — Agribotix LLC, a provider of agricultural data collected by using drones, has hired Lou Faust as the Boulder-based company’s chief executive.

Faust is taking over for Paul Hoff, who will serve as the startup’s chief operating officer.

Lou Faust

Faust has more than 30 years of management experience and 10 years on Wall Street as managing director with Salomon Brothers (Citigroup). His expertise is in creating growth strategies, raising capital and leading startups to successful exits.

Agribotix, founded in 2013 by Tom McKinnon, designs and manufactures drones that carry a camera…

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