Tech Built for our Time

The Greatest Grain

While interning at an agriculture bank in college, I traveled with alender to tour a client's brand new premium grain facility on the Mississippi River. The founder showed us around, described each piece of equipment with excitement and had a distinctive bounce in his step that I'll never forget.

Both his attitude and the corner ofthe grain market he built his firm to serve fascinated me.

Later, for my next internship, Iinterviewed with one of the global grain firms. Midway through thec onversation the interviewer interrupted me, glanced at my resume, before looking me in theeyes to say- "you don't want towork in the grain industry long term."

Slightly thrown off beat, I was young enough then, I took his word for it. The grain industry was what he knew, and he could see something in me that I couldn't see in myself.

What I ended up doing that summer, instead, was joining an Agstrategy consulting firm. My assignment? The grain industry. Sigh. The engagement was with one of the US Commodity Associations on a five year plan.

I was tasked with talking to 100 individuals across the grain industry and was to compile their ideas on one grand question: "How do we differentiate American grain versus Brazilian grain long term?"

After finishing the final report, I looked back at the conclusions from previous ones completed 5, 10 and 15 years earlier. Each report reached the same result.

The academics, economists, grain operators and executives said the same thing every five years. And it became evident to me that the industry wasn't building on the future they all said they sought.

It was no one’s job to.

When I went back to campus for my final year, I met my cofounder Joey at a hackathon weekend. His background was the complete opposite of mine as a farmkid: technology.

As a kid he grew up breaking and rebuilding electronics from scratch and was contributing to bioresearch labs as a high schooler. When we met, he was coming off an experience at Fitbit R&D and was building bleeding edge tech, for fun, whose application had grain's name on it.

Joey and I have been piecing together Amber Agriculture ever since.

After a 1000+ conversations with farmers and industry, 20 cumulative laps across the globe, 7 technology iterations, 3 full growing seasons of practice, and assembling together 1 of the sharpest teams in all of agtech, we are excited to share a first glance at our work and what’s to come.

At Amber we are building off a hunch that Farmers see something in the grain industry, that it can't see in itself.

There is a way to build better grain.

The thought of its potential powers the bounce in our step.

If you are as excited about the future of grain as we are...

Roll with us.

Lucas + Joey

Our Path

Champaign, IL

Joey and Lucas met as students at the University of Illinois. One a fitbit guy the other a farmkid.

Shenzhen, China

They moved to the hardware
headquarters of the world and
lived above the electronics markets
for six months.

San Francisco, California

After which they spent time company building in Silicon Valley for six months.

Chicago, IL

Before returning back to Illinois and began building out the team in the mecca of the Grain Markets.

Nationwide, USA

Preserving grain in every breadbasket state and a couple of continents.

Our Research

A decade of original R&D and supporting grain science research

7 years

of ACE AIR units deployed
on research farm

2

Amber <> ISU National Science Foundation Grants shared

New:

ACE AIR installed on Kent Feed Mill and Grain Science Complex

5 years

of ACE AIR units deployed
on research farm

1

International
Export Deployment

Installed

on Purdue Research
Farms

Amber

Founded by students in 2015

Champions

of the New Venture Challenge
for campus in 2016

New:

ACE AIR installed on state of the art Feed Technology Center

In the News

Lucas Frye, who received a bachelor's in agricultural economics and an MBA from the University of Illinois at Urbana-Champaign, and Joey Varikooty, a 2018 Thiel Fellow who dropped out of the same school, founded Amber Agriculture to help farmers monitor and manage their crops with sensors. Its core technology is a wireless, kernel-like sensor that can flow with grain throughout the supply chain. By detecting moisture or incorrect temperatures, Chicago-based Amber (which has raised $2 million in funding) helps farmers protect grain from spoilage and capture high prices.

The Consumer Electronics Show in Las Vegas by Engadget

"Plenty of startups promise solutions to problems that are either overblown or don't really exist, but we can't say the sameabout Amber Agriculture. With Amber's array of sensors, farmers can more easily check the quality of their stored grain andget their wares to the companies that make our food at the right time. Beyond ensuring these farmers get the biggest returnon their crop yields, the ability to monitor for the conditions that lead to spoilage could eventually help whole countries dealwith food supply issues. Long story short: Amber's is a savvy approach to a pressing problem most people don't even knowabout."

by Chicago Inno

"An Internet of Things startup that helps farmers better manage their crops post-harvest won the grand prize at University ofIllinois Urbana-Champaign's Cozad New Venture Challenge this week.... "It's quite an honor at a university like this whereentrepreneurship is a…principle engaged throughout the university's activities, " said founder Lucas Frye, "We're ecstatic tosay the least."

"College isn’t for everyone, and it certainly isn’t for everyone fresh out of high school,” said Allyson Dias, director of the ThielFellowship. “Leaving behind the safety of the classroom and choosing to build a business instead isn’t easy or glamorous. Butour Fellows have found what we suspect to be true more broadly: young people learn best by doing things in the real world.”To date, companies created by Thiel Fellows are worth more than $3 billion combined."

Founded by Illinois students, Amber Agriculture is poised to protect our crops.

"In addition to ensuring the quality and protection of grain during storage, Amber’s sensor also has potential use in anotherimportant, and lucrative, arena: organics"

Founded by Illinois students, Amber Agriculture is poised to protect our crops.

"The award is intended to honor creative and passionate innovators on campus, working to enact change through researchand tech. Amber Agriculture is a system of IoT-enabled sensors that sit inside grain bins and monitor environmental factorssuch as CO2 and moisture to help farmers monitor and prevent crop spoilage."

by Engadget

"But there's more to this idea than just helping the world's farmers demand the best possible prices. Amber co-founder LucasFrye also believes that some serious long-term good could be possible if the company could work with farmers in countrieswhere grain spoilage has been a pressing issue. Frye, a competent, low-key pitchman, says the startup's vision is on somelevel about protecting our food supply."

Chicago, IL

"We asked Lucas to join us because in a fundamental way this is about the next generation of researchers and entrepreneursand I think you'll see how he really personify's that." - Dr. Tim Killeen, President of the University of Illinois

By Gies College of Business

"That is when Frye met his eventual co-founder, Joey Varikooty, an undergraduate in the Department of Electrical andComputer Engineering. Varikooty grew up on the east coast in Edison, New Jersey. A hacker at heart with instrumentationdesign experiences at bioresearch labs and Fitbit R&D, Varikooty came into the weekend to develop a sensor that coulddetermine when objects in a dryer were sufficiently dry. Frye quickly thought of the largest dryer he knew: a grain bin."

by Fast Company Leah Hunter

"I come from a farm background, grew up on a grain farm in central Illinois. Have experience across the ag value chain. Met upwith my cofounder and started looking at this issue specifically because he had the complete opposite background as me he'skind of that true hacker at heart grew up on the east coast not from a farm background, but was building these really coolsensors. We met at the University of Illinois. Great engineering school. Great Ag school. And combined our interests. And it'sbeen very beneficial having that domain expertise being able to take Joey my cofounder who knows all these technologies outto grain farms and he has these fresh pairs of eyes where he looks at every process and says why isn't that automated. Andwe've had success at having that mix of backgrounds that we are focusing on."

"You start to look at that in percentages of what you can and how you can improve that bottom line, I mean that's huge. Theopportunity is huge"