Israel's SupPlant, a precision agriculture hardware-software solution, has raised $10 million to accelerate its sensor-less irrigation API product, the company announced Sunday.
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The round is co-led by Boresight Capital, Menomadin Foundation, Smart-Agro Fund and Mivtah Shamir. The raise brings SupPlants's total funding to more than $19 million.
SupPlant's technology is designed for the world's 450 million small growers, as 76% of farmers grow crops on less than two hectares. By September 2021, the sensor-less technology will be implemented by 500,000 farmers in Kenya. SupPlant aims for over 2 million small farmers in Africa and India to be using its technology by 2022.
The new technology collects and analyzes local climatic data and unique plant and irrigation data from a Model Training Farm' that services some 10,000 small growers with the same variety, thus providing low-cost irrigation solutions without requiring larger capital investments in hardware on the ground.
"The funds raised in this round will allow us to speed up implementation of our new development – a fully sensor-less industry defining irrigation regime. It is far superior from any common practice available and is built for the vast majority of farmers on earth - smallholders that can't afford access to hardware intense technology and unique knowledge" said SupPlant CEO Ori Ben Ner.
