Company Overview
Snapshot
Founded in March 2015, SupPlant operates with 51–200 employees and has raised $62.92M across 7 funding rounds from 11 investors. The company secured an extension to its Series C funding round in February 2023, with Red Dot Capital Partners participating.
Business overview
SupPlant develops plant sensing technology that leverages artificial intelligence and extensive data to provide growers with irrigation recommendations. The company's product aims to enhance water use efficiency, improve yield quantity and quality, and offer tools for managing extreme weather events. SupPlant also provides a sensor-free irrigation API platform designed for smallholder farmers globally, particularly in India and sub-Saharan Africa, operating within the Agriculture & Food Technologies sector.
Strategic signal
In September 2024, news emerged regarding a potential acquisition of SupPlant by an Arab country, which could lead to an unexpected exit for Mivtach Shamir. This development signals significant strategic interest in SupPlant's agricultural technology and could represent a major validation of its market value and potential for broader international impact, particularly in regions focused on water resource management and food security.
Log in to access full profile ›Company Intelligence Q&A
- What was the most recent funding activity for SupPlant?
- In February 2023, SupPlant secured an extension to its Series C funding round. Red Dot Capital Partners was among the investors participating in this round.
- What is SupPlant's total capital raised to date?
- SupPlant has raised a total of $62.92 million across 7 funding rounds.
- What was a notable recognition for SupPlant in 2021?
- In November 2021, SupPlant's irrigation system was recognized by TIME magazine as one of the 100 best inventions of the year.
- What strategic partnership did SupPlant form in 2020?
- In July 2020, SupPlant collaborated with ClimaCell to bring IoT solutions to 450 million small farmers, aiming to enhance agricultural practices through advanced technology.
- When did SupPlant raise its initial Series C funding?
- In March 2022, SupPlant raised a Series C round with participation from Red Dot Capital Partners.