Saffron Tech

growth-positive

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.

growth-positive

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.

growth-positive

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.

growth-positive

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.

growth-positive

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.