OurCrowd portfolio company CropX was featured in Inc., a leading monthly publication and website focused on growing companies. The company has developed irrigation analysis algorithms that enable field owners to save up to 25% of water previously used in irrigation of large fields.
Five years ago, Google executive chairman Eric Schmidt started a venture capital fund called Innovation Endeavors, with the goal of providing early-stage capital to startups innovating in old industries.
On Monday the fund announced it is leading a $9 million investment in a company called CropX, founded in 2013 by Isaac Bentwich. The company, which started out in New Zealand and now has headquarters in Silcon Valley and Tel Aviv, uses big data to help farmers save up to 25 percent of water used to grow crops.
Read more on Inc. here.