AgroScout

Company Overview

Snapshot

Founded in March 2017 by Simcha Shore, AgroScout operates with 11–50 employees. The company has raised $11.34 million across 5 funding rounds from 6 investors. In January 2022, AgroScout acquired the assets of TerrAvion to enhance its imagery capabilities in agro data management.

Business overview

AgroScout delivers AI-based crop intelligence solutions for the agriculture sector, aiming to reduce costs and optimize supply chain planning for agricultural organizations. The company's core technology leverages AI-based analytics and data collection from sources like drones and smartphones to provide actionable reports on field crop health and potential supply risks via web and mobile dashboards. AgroScout serves the global agriculture market, focusing on precision agriculture, sustainable farming, and crop management.

Strategic signal

In January 2023, AgroScout was highlighted for its drone software solution that assists farmers in managing fields and orchards. This solution processes agricultural data using AI to provide comprehensive overviews, enabling early identification and addressing of risks such as diseases, pests, and irrigation issues. This signals AgroScout's continued innovation in leveraging AI and robotics to enhance global food security by optimizing crop management and reducing chemical inputs, making it a key player for investors interested in sustainable and efficient agricultural technologies.

Company Intelligence Q&A

What is AgroScout's primary focus in agriculture?

AgroScout develops AI-based crop intelligence solutions to help agricultural organizations reduce costs and optimize supply chain planning and execution. This involves using data collection and AI-based analytics to provide action-oriented reports on crop health and potential supply risks.

Which company did AgroScout acquire to enhance its capabilities?

In January 2022, AgroScout acquired the assets of TerrAvion, a leader in imagery data management for agriculture. This acquisition broadened AgroScout's agro analytics capabilities and enhanced features for its users, expanding its agricultural project management in the US, Brazil, and Mexico.

What was the most recent funding round for AgroScout?

AgroScout completed a Series A investment round in August 2021. This round was led by Kibbutz Yotvata and supported the development of its AI cloud platform for remote agronomy.

What kind of technology does AgroScout utilize for crop monitoring?

AgroScout utilizes AI and robotics, including drone software and off-the-shelf hardware like smartphones, to collect and analyze agricultural data. This technology helps farmers track weather, locate pest infestations, and manage crop growth and diseases.

Which organizations have provided non-equity funding to AgroScout?

In April 2020, AgroScout received grants from the BIRD Foundation and the Israel Innovation Authority. The BIRD Foundation provided $1,000,000, and the Israel Innovation Authority provided $500,000.