Tag: CropX

[CropX in TechCrunch] Bosch, Flextronics back CropX to help farmers grow more food without wasting water

A Tel Aviv startup that wants to help farmers produce more food with fewer resources, CropX, has attracted sensor manufacturers Robert Bosch and Flextronics International as strategic backers. Specifically, Robert Bosch Venture Capital GmbH and accelerator Flex Lab IX added $1 million in venture funding to the Series A round for CropX, which now totals $10 million. Read more on TechCrunch...

Read More

Making every drop count: How AgTech investing yields more than crops

Food scarcity is a real fear. We must produce more food in the next four decades than we have in all of the last 8,000 years of agriculture combined, according to the World Wildlife Fund. Not only that, but this must be done under increasing strains of dwindling land and water resources in addition to challenges posed by climate change and energy needs. This is a great test for mankind, but also a great opportunity for the growing agricultural technology sector. In fact, the twin unprecedented challenges of increasing food supply and reducing resources used for agriculture are the main forces driving innovation and investment in the sector. Opportunities for investment and growth The global agricultural sector itself produces about $120 billion in annual revenues, and farm assets total about $2 trillion, according to recent data, making it one of the biggest components of the world economy. It was not until recently that innovation in this field began attracting the attention of venture capitalists and tech industry investors. A turning point came in 2013 when agrochemical giant Monsanto acquired Climate...

Read More

OurCrowd’s portfolio company CropX featured in Inc.

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. CropX raised $912,004 from OurCrowd investors in March 2014. Read more on...

Read More

OurCrowd’s portfolio company CropX featured in TechCrunch

Leading technology website, TechCrunch, featured OurCrowd portfolio company CropX. 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. . As water levels in California drop to an all-time low, agriculture analytics startup CropX has developed a solution to help farmers optimize irrigation while keeping water usage to a minimum. CropX uses a combination of three wireless sensors and a mobile app, which founder Isaac Bentwich calls the “Internet of Soil,” to determine exactly how much water needs to be applied to each part of the field. CropX raised $912,004 from OurCrowd investors in March 2014. Read more on...

Read More

Latest from Twitter