Israeli smart farming co SupPlant raises US $10m

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Israeli smart farming co SupPlant raises US $10m

Israeli precision agriculture hardware-software solution company SupPlant has announced the completion of a US $10 million financing round co-led by Boresight Capital, Menomadin Foundation, Smart-Agro Fund and Mivtah Shamir, bringing US $19 million to the total raised by the company.

The company plans to implement 500,000 farmers in Kenya with the, SupPlant’s sensor-less technology by September this year and by next year 2022, SupPlant aims that over 2 million smallholders in Africa and India will be utilizing its technology.

The upPlant’s technology has been built to save water, reduce costs, improve productivity and yield by using agronomic algorithms, artificial intelligence and cloud-based technology to help farmers. SupPlant measures the stress of the plant and monitors water content and plant and fruit growth patterns. These data are then combined with real-time and forecasted climatic data and projected plant growth patterns. All this info is uploaded every 10 minutes to an algorithm in the cloud, which provides simple, precise irrigation recommendations to farmers based on the integration of all this data.

SupPlant’s database

SupPlant’s database holds the combined expertise of 31 crops across 14 countries, covering growing conditions from dry arid regions of the Middle East to tropical conditions in central America. SupPlant’s vision is that this system will be integrated into every irrigation command given on earth.

With the new product developed, SupPlant will be providing as much of the benefits of SupPlant’s autonomous irrigation technology as possible – without requiring the investments in infrastructure required by the full system.

The new technology collects and analyzes local climatic data and unique plant and irrigation data from a Model Training Farm’ that services 10,000 small growers with the same variety, providing low-cost irrigation solutions without the necessity of larger capital investments in hardware on the ground. This will allow small growers to gain the value derived from an adaptable irrigation strategy.