SupPlant News
13 articles
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.
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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.
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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.
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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.
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growth-positive
טיים: מערכת ההשקייה של סופלנט הישראלית - בין 100 ההמצאות הטובות של 2021 כלכליסט
Israeli agtech startup SupPlant, which provides AI-based irrigation technology to farmers worldwide, has been selected as one of TIME magazines 100 Best Inventions of 2021. The companys sensor-less irrigation system analyzes climate, plant, and irrigation data to help farmers avoid crop losses due to climate crises. SupPlant aims to serve at least 2 million small-scale farmers in Africa and India by the end of 2022. In 2020, the companys revenues grew by 1,200% due to contracts with farmers globally. SupPlant has raised over $19 million from investors including Smart-Agro, Boresight Capital, Menomadin Foundation, and Meitav Dash. The company is recognized for its mission to address food and water scarcity for farmers worldwide.
CustomersInvestment
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Israeli smart farming co SupPlant raises $10m
Israeli precision agriculture company SupPlant has raised $10 million in a financing round. By September 2021, SupPlants sensor-less technology will be implemented by 500,000 farmers in Kenya. The company aims to have over 2 million smallholders in Africa and India utilizing its technology by 2022. SupPlants technology uses agronomic algorithms, artificial intelligence, and cloud-based technology to help farmers save water, reduce costs, and improve productivity. The data collected is combined with real-time and forecasted climatic data to provide irrigation recommendations. The new development is a fully sensor-less irrigation regime that is built for smallholders who cant afford hardware intense technology. SupPlant already has agreements in place with global leaders to reach millions of farmers with this new technology.
CustomersInvestment
growth-positive
ClimaCell and SupPlant want to make it rain on 450 million small farmers
ClimaCell Inc. and SupPlant have announced a partnership to combine weather intelligence and autonomous irrigation based on the Internet of Things (IoT). By implementing ClimaCells technology into SupPlants solution, farmers can gain real-time insights into their crops and their needs. The partnership aims to help small farmers catch up and overcome the challenges posed by climate change. The companies plan to start their collaboration in India and China, eventually expanding to help farmers responsible for 80% of food eaten in the developing world. They are seeking a strong local player to ensure their presence in the region. The solution is expected to result in a 50% growth in crop yields and increased profits for farmers. ClimaCell has raised almost $84 million in funding, while SupPlant has raised $15 million.
PartnersCustomers
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ClimaCell collabs with agtech startup SupPlant, to bring small farms into the IoT future
Israeli agtech startup SupPlant has signed a preliminary agreement with ClimaCell to bring smart irrigation systems to small-scale farmers worldwide. SupPlants autonomous AI-driven smart-irrigation system leverages IoT devices to collect crop data and optimize irrigation. The collaboration will initially focus on Indias 110 million small-scale farmers and Chinas 180 million, with the potential to expand globally. This solution aims to improve crop yields, lower the impact of climate change, and benefit the economies of entire communities. SupPlant was founded in 2015 and is headquartered in Afula, Israel.
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https://www.jpost.com/Israel-News/Reinventing-agriculture-From-drip-irrigation-to-smartphone-farming-591644?fbclid=IwAR1MJAr6xkOawvMeNUIbPwuqv__K6ptunlDaqfWx9Wtj3GalEV1Slqx6y9Y
Israeli agricultural technology company SupPlant is set to showcase its autonomous irrigation system at the Agro Mashov conference. SupPlants system, known as Growth Based Irrigation (GBI), uses IoT technology to analyze weather forecasts and data collected by sensors to determine when to supply water to crops. The company is also planning to launch the SupPlant.me application, which will provide dynamic irrigation recommendations to growers based on various factors. SupPlants GBI system is currently in operation in 14 countries and has been shown to save farmers on water expenditure and increase yields. The Agro Mashov conference will also feature sessions on precision agriculture and other agricultural solutions.
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growth-positive
South African Chemical Company AECI Partners With Autonomous Irrigation Startup SupPlant
Israeli startup SupPlant has signed a collaboration agreement with AECI Ltd.s subsidiary Nulandis to market SupPlants technology in South Africa and 14 other African countries. Nulandis will invest an undisclosed amount in SupPlants technology. SupPlant develops a sensor-based system that autonomously waters crops based on gathered data, optimizing water consumption and alerting farmers of crop conditions. The technology allows plants to dictate their water needs, resulting in healthier and more productive crops. In August, Meir Shamir invested $3 million in SupPlant through his investment firm Mivtach Shamir Holdings Ltd.
PartnersInvestment
growth-positive
SupPlant: Plants that alert of thirst: India eyes Israeli tech - Times of India
SupPlant, an Israeli company, has developed a unique artificial intelligence system for irrigation. The system analyzes data from crops through sensors and provides real-time alerts on water needs. The technology has shown an increase in yields and water savings in various crops. SupPlant is working on a big-data solution to allow small farmers to benefit from the system. The companys representatives demonstrated the technology during farm visits organized by the Israel Export and International Cooperation Institute. The system has the potential to help water-starved regions in India. Israel meets most of its irrigation needs from treated sewage water.
CustomersPartners
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farm real-time sensor data, farming real-time sensor data
BF Agritech Ltd. is an Israeli company that develops and supplies advanced products and services to the agricultural market. They have developed a system that analyzes information from sensors in the field to provide real-time alerts and recommendations to farmers. The system can detect stress, identify causes, and protect crops from damage. The company also offers advanced algorithms for optimizing irrigation and a remote consultancy service. They have subsidiaries in Spain and China and distribute their product in Italy, Japan, Korea, and Brazil. The company plans to expand to North and South America and present their products at the Agritech Exhibition.
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