Saffron Tech News
14 articles
Saffron Tech Reaches $13M Valuation in Successful Crowdfunding Campaign Led by Hollywood Actress Moran Atias
Saffron Tech, a subsidiary of Sativus Tech Corp, has successfully closed a funding campaign on the Pipelbiz platform, raising 2.1 million NIS at a pre-money valuation of $12 million. This investment supports the launch of its first commercial vertical farming facility, utilizing advanced CES technology to produce high-quality saffron. The company is poised for growth as demand for natural saffron increases in food, pharmaceutical, and wellness sectors. Saffron Techs innovative approach ensures consistent quality and supply, making it a reliable supplier for various industries. Additionally, Moran Atias has joined as a brand ambassador and strategic investor, enhancing the companys presence in the beauty and wellness markets.
Investment
Saffron Tech Announces New Investment from Technology Provider Dreamtech Company
Sativus Tech Corps subsidiary, Saffron Tech Ltd, has entered into an investment agreement with Dreamtech Co, Ltd. Dreamtech will provide an initial investment of $1 million, with an additional $1 million upon successful cultivation of saffron in Korea. The investment will be used for Saffron Techs R&D initiatives and obtaining IP patents for their saffron growth protocol. Saffron Tech aims to create large-scale production of saffron using vertical farming technology. The partnership with Dreamtech will allow Saffron Tech to expand into new markets and meet the growing demand for saffron in beauty, wellness, and pharmaceutical applications. The decline in saffron production due to climate change makes Saffron Techs indoor vertical farms a potential solution. The APAC region is seen as a promising market for saffron. Sativus Tech Corp is an AgTech company focused on increasing the production of low yield food products using vertical farming technology.
Investment
Israeli Chef Partners With 'Saffron-Tech' To Democratize The Spice
Israeli agri-tech company Saffron-Tech has signed a strategic cooperation agreement with Israeli chef Meir Adoni to expand and develop the market for saffron. Saffron-Tech has developed a protocol for growing saffron in vertical farming, allowing them to save resources and grow it year-round. The market potential for saffron is estimated at $1 billion. As part of the collaboration, chef Adoni will be involved in the business development of Saffron-Tech and may develop a saffron-based product line. Saffron-Tech was awarded a $930,000 grant in 2021 and is currently crowdfunding.
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השף מאיר אדוני משתף פעולה עם זעפרן טק
Israeli company Zaffron Tech, which has developed a unique technology for growing and producing saffron in laboratory conditions, has signed a strategic cooperation agreement with chef Meir Adoni to expand the companys activities in the culinary market. Israeli company Qwilt, which has developed software to accelerate the rate and continuity of live and VOD video broadcasts, and technology giant Cisco will cooperate with Indian telecom giant Bharti Airtel. ActivePens, which develops artificial intelligence-based technology for identifying malicious content on the Internet, held a second-hand fair for its employees, all of whose revenues will be dedicated to setting up a new shelter for battered women.
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https://www.jpost.com/business-and-innovation/tech-and-start-ups/article-706192
Israeli agritech company, Saffron-Tech, has opened a research and development center for the cultivation of saffron. The company aims to develop a cultivation protocol for saffron and will soon begin producing saffron spice at non-commercial levels. In 2023, Saffron-Tech plans to set up its first commercial plant and start producing several hundred kilograms of saffron per year. The companys new research and development center is estimated to cost NIS 1.5 million. Saffron-Tech also intends to recruit new employees for the center. The global saffron market is growing, and Saffron-Tech aims to address the lag in saffron cultivation with its new growth center.
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Saffron-Tech appoints Tal Wilk-Glazer as CEO
Saffron-Tech, an Israeli agro-tech company, has appointed Tal Wilk-Glazer as its new CEO. Wilk-Glazer, a former Salesforce Regional Director, brings extensive experience in technology and communications companies. Saffron-Tech develops a unique automated system for growing saffron in controlled laboratory conditions. The companys technology allows for year-round high-quality supply while saving on natural resources and manpower. Wilk-Glazer aims to take the company to the next level and address agricultural, technological, and business challenges.
Management Changes
Saffron Tech Awarded Grant From Israel Innovation Authority
Saffron Tech, a subsidiary of Seedo, has received a $930,000 grant from the Israeli Innovation Authority. The funds will be used to accelerate the companys R&D program and expand its facilities for commercial saffron production. Saffron Techs technology allows for controlled, automated cultivation of crops under lab conditions, saving resources and increasing output. The company has already successfully harvested two cycles of saffron in its indoor lab and is now working on conditions to produce a third cycle.
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מהפך תעשייתי: Saffron-Tech מפתחת טכנולוגיה לגידול זעפרן במעבדה
Saffron-Tech, an agro-tech company, is developing technology for the controlled and automated cultivation of saffron in lab conditions. The technology includes remote management of automated growth containers, optimal temperature, humidity and irrigation control, and advanced artificial intelligence (AI) technology for computerized analysis of plant health. The companys solution involves the establishment of an automated, multi-room vertical farm that provides ideal conditions at every stage of growth. The company recently became the first in Israel to import special bulbs from Chile, allowing it to continue its research and development plans for indoor saffron cultivation.
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https://www.jpost.com/food-recipes/israels-saffron-tech-names-award-winning-chef-kiko-moya-brand-ambassador-665755
Israeli firm Saffron Tech has appointed Spanish chef Kiko Moya as its global brand ambassador. Moya will promote Saffron Tech across social media and introduce saffron produced through vertical farming methods to chefs worldwide. The appointment aims to ensure that the saffron grown using Saffron Techs vertical farming technology meets the highest standards. Saffron is a key ingredient in Spanish cuisine, and Spain is the worlds second-largest exporter of saffron.
Partners
SAFFRON TECH POISED TO ACCELERATE PROOF OF CONCEPT PROCESS WITH VOLCANI CENTER
Saffron Tech, a subsidiary of Seedo Corp., has entered an agreement with the Agricultural Research Organization (ARO), Volcani Center to develop propagation protocols for growing saffron year-round. The agreement aims to disrupt the saffron market with innovative indoor vertical growing technology. Saffron Tech sees this as a major milestone for fast growth and bringing their technology to market. The global saffron market is valued at USD 882 million and is expected to grow due to demand from the pharmaceutical sector. The traditional way of growing saffron is labor-intensive and costly, making Saffron Techs technology a more efficient alternative.
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Chef Avi Levy, Renowned Chef & Winner of Master Chef Israel Joins Saffron Tech, A Subsidiary of Seedo Corp. (OTC: SEDO), as Investor and Ambassador
Chef Avi Levy, a renowned Jerusalem chef, has joined Seedo Corp.s subsidiary Saffron Tech as an investor and ambassador. He will leverage his expertise to expand the Saffron Tech brand and promote the companys vision of changing the way saffron is grown and used. Saffron Tech is an Israeli start-up that has developed a technology for growing high-quality, high-yield saffron all year round in an environmentally friendly manner. The companys solution involves an automatic vertical farm that provides ideal conditions for the growth process. Chef Avi Levy expressed his confidence in the technology and the quality of the lab-grown saffron. Seedo Corp. sees his involvement as a vote of confidence in their vision and technology.
Partners
Saffron Tech Ltd, A Subsidiary of Seedo Corp. (OTC: SEDO), Closes Successful Crowdfunding Round With over $1.6 Million Raised from over 700 investors
Israeli start-up Saffron Tech, a subsidiary of Seedo Corp., has successfully completed a crowdfunding round, raising over $1.6 million from more than 700 investors. The funding will be used to further develop Saffron Techs technology for growing saffron in a controlled and automated manner. The companys solution involves the establishment of an automatic vertical farm that provides ideal conditions for saffron growth, resulting in high-quality, high-yield saffron production all year round. Saffron Techs technology is environmentally friendly and eliminates the need for harmful pesticides and herbicides. The additional funding will enable the company to increase saffron production up to four times the natural yield. Saffron Techs technology has potential applications in the food, textile, cosmetics, and healthcare industries.
Investment
Israeli Groundbreaking Technology by Saffron Tech Challenges Iranian 1,000-Year Monopoly on the Lucrative $1B Saffron Market
Seedo Corp.s subsidiary, Saffron Tech, is developing automated technology for year-round saffron growing. This challenges the global Iranian monopoly on saffron supply. Saffron Techs solution aims to provide turnkey automated growing solutions for high-quality, high-yield saffron. The technology is environmentally friendly, scalable, and eliminates the need for harmful pesticides and herbicides. The company believes their controlled indoor growing technology could produce ten times more yield compared to traditional methods. The article highlights the various industries that use saffron and the potential for revolutionizing saffron growing with this technology.
Partners
SEEDO APPOINTS NEW CEO
Seedo Corp. announced that its CEO and Director, David Grossman, has resigned. The Board has appointed current Director David Freidenberg as the new CEO. Freidenberg has been a Director of the Corporation since June 2020 and was appointed the CEO of Saffron Tech Ltd, Seedos wholly owned subsidiary in Israel, in October 2020. His experience includes roles in the telecommunications and IT industries, and he has spent the last few months advancing Saffron Tech’s activities in Israel.
Management Changes
