SupPlant Overview
SupPlant is focused on digitally informing irrigation decisions worldwide. By using plant sensing, artificial intelligence, and accumulated data spanning thousands of seasons, SupPlant provides growers with irrigation recommendations designed to empower better decision-making. The companys product dramatically enhances water use efficiency as well as yield quantity and quality. SupPlant provides tools for the seamless handling of extreme weather events and 24/7 agronomic support. SupPlants latest development is a fully sensor-free irrigation API platform that targets 450 million smallholder farmers around the world, specifically in India and sub-Saharan Africa.
Cumulative Funding Raised Over Time ($)
Latest News
growth-positive
סופלנט בדרך להימכר למדינה ערבית ומבטח שמיר בדרך לאקזיט מפתיע | כלכליסט
Israeli agritech company SupPlant is in early talks to be acquired for approximately $250 million by a company from an Arab state that has signed the Abraham Accords with Israel. SupPlant, which provides smart irrigation recommendations to farmers, has raised $57 million from notable investors including Jeff Schwartz and Red Dot Capital. The company, managed by CEO Ori Ben Ner, has faced challenges due to a canceled contract worth tens of millions of dollars, resulting in a reduction of its workforce from 100 to 60 employees. Despite these challenges, SupPlants revenues have doubled annually, reaching $1.234 million in 2023.
Acquired-by
growth-positive
Agtech startup SupPlant takes its Series C to $38 million with $11 million extension | CTech
SupPlant, an Israeli-based agtech company, has raised an additional $10,825,000 in an extension to its Series C funding round. The round was led by Red Dot Capital Partners and included existing shareholders such as PBFS and Mivtach-Shamir Smart Agro. Two new European funds, Sienna Venture Capital and Axon Partners Group, also joined the company. SupPlant uses its large plant database and sensors placed on plants to provide climate-smart irrigation recommendations. The data collected is sent to the cloud, where artificial intelligence and big data are used to translate it into irrigation models and actionable insights. The new funds will help SupPlant expand its services to more farmers and enhance global food security.
Investment
growth-positive
בצל ההתחממות הגלובלית: פיתוח ישראלי מאפשר לחקלאים לחסוך במים
Israeli agtech company SupPlant has developed a solution that allows farmers to know exactly when and how much water to use for optimal results. The company, which was founded in 2012, employs about 100 people and operates in several countries including Australia, South Africa, Mexico, Argentina, and Peru. To date, SupPlant has raised approximately $40 million from several prominent investors. The companys main product is a plant sensing system that provides farmers with a platform that reflects how their crops are growing and instructs them when and how much to water. The company has recently developed a new product, Plant, which is aimed at small farmers.
InvestmentExpand
growth-positive
SupPlant raises $27 million to help farmers fight climate change CTech
Israeli agtech company SupPlant has completed a funding round of $27 million led by Red Dot Capital Partners. The company recently launched an API product, a sensor-less technology that has served 500,000 female maize farmers in Kenya. SupPlant aims to provide its technology to over 1 million smallholders in Africa and India in 2022. The API product utilizes SupPlants extensive plant database, collected from 32 crops in 14 countries, to determine optimal irrigation recommendations. The funding will be used to invest in new markets and further develop the sensor-less API product. SupPlant has also expanded into the UAE and Morocco. CEO Ori Ben Ner plans to help farmers fight climate change and provide affordable technology to smallholders.
InvestmentExpand
growth-positive
Israeli precision agriculture co SupPlant raises $27m
Israeli precision agriculture and smart farming company SupPlant has raised $27 million in a financing round led by Red Dot Capital Partners. The funds will be used to invest in new markets and further develop SupPlants sensor-less API product. The companys technology combines data from soil, plant, and weather sensors to provide precise irrigation plans and recommendations to maximize crop yields. SupPlant recently launched its API product, which has already assisted 500,000 female maize farmers in Kenya. The company aims to have over 1 million smallholders in Africa and India utilizing its technology in 2022. SupPlant has also expanded into new markets in the UAE and Morocco.
InvestmentExpand
| Sector | Agriculture & Food Technologies |
Funding
| Total funding | $62.92M |
| Last funding | $10.82M |
| Stage | C |
| Rounds | 7 |
| Investors | 11 |
Team Members
1
Employees: 51-200
Web & Social Links
| Website | supplant.me |
| Careers | Careers page |
| App Store | App Store |
| Google Play | Google Play |
Locations
Yitshak Rabin Boulevard 1, Afula, Israel
Photos & Videos
2 item(s)
