SERIES A

listenfield.ai

AI-powered agricultural supply chain intelligence
¥3.6T precision agriculture market growing 13% CAGR · AI segment ¥1.28T by 2030
(~$24B total market · ~$8.5B AI segment)
Sources: Grand View Research 2025; BCC Research AIT015A 2025 · FX: ¥150/$

72%

Software Gross Margin

4x+

Agentics LTV/CAC

10

Paying Customers

2

Markets

AI Agents Supply Chain Intelligence Climate Resilience

The Problem

Food Companies Are Blind Upstream

FACTORY Full Visibility — ERP, SAP, production planning

THE GAP — No data, no visibility

FIELD Zero Visibility — 100s of farms, no connection

40%

Global crop production lost to pests, disease, climate

¥60T

Annual food loss, harvest to retail, globally (~$400B)

¥15B+

Typical throughput per processing line per season (~$100M+)

2–3 wk

Typical lag before field problems surface in reports

A processor runs a ¥15B+ supply chain with zero field visibility. One bad season quietly compounds into a ¥3–4.5B shortfall (~$20–30M) — discovered at the loading dock, not in the field.

Sources: FAO & IPPC, Scientific Review on the Impact of Climate Change on Plant Pests (2021) · FAO, State of Food and Agriculture / SDG Indicator 12.3.1 Food Loss Index (2019) · Processing line throughput & reporting lag: industry benchmarks from listenfield.ai engagements · FX: ¥150/$.

Who We Are

We Are the Field-Execution Layer

ERP / SAP
Factory Systems

→

listenfield.ai
Intelligence Layer

→

Field
Farms & Stakeholders

ListenField watches your supply network continuously, detects problems before they become crises, and tells you — with a deadline — what decision to make next.

AGGREGATE

Diagnose

See your entire supply network in one decision-ready view — every farm, every risk, right now.

PREDICT

Validate

Confirm what each farm will actually deliver, 60–90 days before harvest — with field-grounded data.

EXECUTE

Scale

Coordinate every stakeholder through a single system — deploy decisions across hundreds of farms.

How It Works

See Everything. Then We Handle It.

ANALYTICS

GPS Navigation

We give you the intelligence and the plan. You execute it yourself.

Gross margin: >70%

AGENTICS

Autonomous Driver

We handle it. AI agents connect your stakeholders and systems, execute on your behalf.

Gross margin: ~75%

Customers start on Analytics. When they see the problems, they need Agentics to act. ARPU triples on upgrade.

The Platform

This Is What Customers See

Satellite

Climate

Soil

Crop

AI Agents

Traction

10 Paying Customers · Japan & Thailand

Partners & Programs

Unit Economics

Land on Analytics. Expand to Agentics.

ANALYTICS

¥2.6M

Annual ARPU (Tier 2)

Payback: ~18 months

AGENTICS

¥7.7M

Annual ARPU (Tier 2)

Payback: ~6 months

72%

Gross Margin

3x

ARPU on Upgrade

4x+

Agentics LTV/CAC

150%

NRR Target

Analytics creates visibility → visibility creates urgency → urgency drives Agentics adoption (3× ARPU)

Gross margin includes cloud, AI compute, field delivery, and customer success. LTV/CAC = 36-month value ÷ fully-loaded GTM cost.

Financial Trajectory

Revenue Growth · EBITDA Positive Throughout

¥1,276M ¥750M ¥500M ¥250M ¥0

¥52M

FY21

¥92M

FY22

¥121M

FY23

¥242M

FY24

¥245M

FY25

Business adjustment

¥341M

FY26

¥378M

FY27

¥615M

FY28

¥961M

FY29

¥1,276M

FY30

47%

Total Revenue CAGR (FY21-FY25)

48%

FY2030 EBITDA Margin

¥1.28B

FY2030 Revenue (~$8.5M)

FY21–FY25: audited actuals. FY26–FY30: base case projection. Revenue bars only — EBITDA positive throughout (see Strategy doc). FX: ¥150/$.

Business Model

From Services to AI Platform

Revenue Mix — FY2025 (¥240M)

Platform Subscription — 27%

Project Services — 38%

Research Grants — 21%

Strategic Partner — 14%

Revenue Mix — FY2030 Target (¥1,276M)

Agentic Services — 91%

Other — 9%

2017–2021

Built Core IP

Satellite, weather, soil analysis, crop simulation

2021–2024

Validated

Kubota strategic partnership — proven product-market fit

2025+

Platform Transition

Transitioning to recurring SaaS platform. Parts already live.

Unique Position

The Only Platform That Connects All Three

Field Intelligence
Satellite + Weather + Soil + Crop

AI Agent
Execution
Autonomous Coordination

Cross-
Geography
Japan + SEA Unified

listenfield.ai

vs Cropin

No AI execution, India-centric

vs SAP Ag

No field reach, no zone adaptation

vs Point Solutions

Single source, single market

Growth Engine

Customer Success Roadmap & Revenue Growth

POC · 3 months

See

Satellite + weather + farm registry. Customer sees their supply chain for the first time.

Analytics · ¥130K/mo

Season 1–2

Know & Predict

Models calibrated. Yield forecast ≤20% error. Risk detection 60 days ahead.

Analytics · ¥200K+/mo

Season 3+

Act & Automate

AI agents execute SOPs. Coordinate stakeholders. Close the loop automatically.

Analytics + Agentics · ¥600K+/mo (3x)

Net Revenue Retention

150%

Customers expand every season

Accumulated Intelligence

Every season of data makes the system smarter, the protocols more precise, and the switching cost higher.

Expert Team

Scientists, Engineers & Strategists from 12 Countries

Satellite

Climate

Soil

Crop

AI Agents

Dr. Rassarin Chinnachodteeranun

CEO & Co-Founder
PhD · AI Platform for Agronomic Models

Dr. Kiyoshi Honda

CSO & Co-Founder
PhD Eng · 40+ yrs precision ag

Jerry Jeong

Principal Architect
Google Cloud · 20+ yrs

Manabu Kidani

Head of Finance
20+ yrs institutional

Dr. Kunihiko Kikuchi

Head of Plant Breeding
PhD Tokyo · Nature-published

Dr. Supavud Saicheua

Strategic Advisor
NESDC Chairman (Thailand)

Koji Ishida

Business Advisor
MIT Sloan MBA

Yuki Shirato

Advisor & Angel Investor
Techstars Japan MD · 50+ startups

And our dedicated team across engineering, data science, field operations & customer success

AI/ML Engineers Crop Scientists Data Engineers Field Operations Customer Success

HQ: Nagoya, Japan · Regional Hub: Bangkok, Thailand

Our Journey

8 Years of Building

Satellite

Climate

Soil

Crop

2017

Founded

Japan KK — precision agriculture research

2021

Kubota Investment

Strategic partner validates technology

2024

Farm Analytics Platform

Full analytics with soil analysis — 10 paying customers across Japan & Thailand

2026

listenfield.ai

Series A — AI agentic platform transition

Strategic partner since 2021

The Ask

Series A — Growth Capital

Series A · Preferred Equity

¥1.8B (~$12M)

Accelerate Agentics platform build
Scale enterprise sales in Japan & Thailand
Expand AI & crop intelligence models
24–30 months runway

Use of Funds

Engineering & Platform — 40%

Sales & GTM — 25%

Data & AI — 20%

Operations — 15%

Agentics GA → Q4 2026

3 Agentics PoC → FY2027

Agentic > 50% → FY2027

24–30 mo runway

Strategic Fit

Why Sony Innovation Fund · Why listenfield.ai · Why Now

DIAGNOSE

Sony Sensing × LF Field Intelligence

Sony sensing hardware meets listenfield.ai’s field-level data layer — together they diagnose every supply chain, field by field, with ground truth no one else has.

VALIDATE

Portfolio Thesis Already Proven

Sony Innovation Fund portfolio — Sentera, Agrando, Happy Quality — validates the agri-AI thesis. listenfield.ai is the orchestration layer that connects them into outcomes.

SCALE

Japan HQ · Cross-Border · AI-Native

Fund 4 stage match · AI-native thesis alignment. Japan HQ + proven deployments across 5 countries — the platform to scale agri-intelligence globally.

Let's build the future of agricultural intelligence together.

rassarin@listenfield.com

Japan Thailand Vietnam Laos Colombia