After several successful trials in citrus, apple, and almond orchards in Spain and Israel, Saturas cofounder and CEO Anat Halgoa Solomon told AgFunderNews that will the company use the new funds to bring its first products to market along with continuing development of a modified version of the company’s original sensor for use on vineyards.
CropX, the Israeli irrigation and sensor technology company, has raised a further $1 million towards its Series A round from strategic investors Robert Bosch Venture Capital and the Flextronics technology accelerator Lab IX.
Israeli startup Saturas has secured $1 million to develop its precision irrigation sensor technology for permanent crops.
Ahead of a speaking slot at next month's World Agri-Tech Investment Summit in San Francisco, the secretary for agriculture for California talks about how the state government supports agtech innovation.
The soil sensor company recently launched its precision irrigation product WaterValve and is expanding into Japan with strategic help.
Private equity and M&A activity in the ag industry continues as a Chinese conglomerate invests into an Israeli agtech company, and Syngenta acquires a farm management software tool.
Precision irrigation management provider Hortau announced earlier this week that it has secured $5 million in funding from Advantage Capital Agribusiness Partners (ACAP). ACAP, which holds a Rural Business Investment Company license from the U.S.