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AGRICULTURE | Crop Production
supplant.me

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Founded Year

2012

Stage

Series A - II | Alive

Total Raised

$28M

Last Raised

$10M | 3 mos ago

About SupPlant

SupPlant develops a sensor-based system that autonomously waters crops according to gathered data, while optimizing water consumption and alerting farmers of the state of crops, soil, air, and irrigation within a plot.

SupPlant Headquarter Location

1 Yitzhak Rabin St POB 2003

Afula, 1812001,

Israel

+972-4-953-4062

Latest SupPlant News

Smart irrigation company SupPlant raises US$10m to grow presence in South Africa

Jun 18, 2021

SOUTH AFRICA – Precision agriculture company SupPlant has raised US$10 million to widen the reach of its smart irrigation technology in the South African market. The company partnered with private equity firm Boresight Capital, social impact fund Menomadin Foundation, Israel-listed Smart-Agro Fund and Israel-headquartered investment company Mivtah Shamir, on the company’s latest fundraising round, bringing its total funding to US$19 million. SupPlant considers the South African market to have great potential, since farmers are dealing increasingly with unpredictable weather patterns, as a result of climate change. The SupPlant technology saves water, reduces costs and improves productivity and yield as it uses agronomic algorithms, artificial intelligence and cloud-based technology to measure the stress levels of plants and monitor water content, alongside plant and fruit growth patterns. ADVERT The technology involves sensors being placed on four parts of a plant, gathering data and combining it with real-time and forecasted climatic data. This enables real-time plant monitoring for farmers further aiding decision-making. Since SupPlant’s online platform helps make precise irrigation recommendations, based on crop data. “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.“ SupPlant CEO – Ori Ben SupPlant’s database holds the combined expertise of 31 crops across 14 countries, covering growing conditions from dry arid regions in the Middle East to tropical conditions in Central America. The company is rapidly growing its presence across the world, with a strong presence so far in Mexico, Australia and Argentina. In South Africa, SupPlant will be represented and distributed by AECI Plant Health. SupPlant CEO Ori Ben remarks that the company aims to reach as many South African farmers as possible and help them use less water, while producing more and better crops. “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 to 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. “We already have strategic and disruptive agreements in place with global leaders that will allow us to reach millions of farmers in the upcoming year with this new and exciting technology,” he said. Boresight partner Jeffrey Swartz added that, in a world at risk of the destructive impact of the changing climate, SupPlant’s solution is a concrete example of how technology can improve the ecosystem, by producing food more sustainably. SupPlant’s vision is that its technology will be integrated into every irrigation command given on earth. The company experienced a growth of 1,200% in 2020. Liked this article? Subscribe to Food Business Africa News, our regular email newsletters with the latest news insights from Africa and the World’s food and agro industry. SUBSCRIBE HERE

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Research containing SupPlant

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned SupPlant in 2 CB Insights research briefs, most recently on Jun 15, 2021.

Expert Collections containing SupPlant

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

SupPlant is included in 1 Expert Collection, including Agriculture Technology (AgTech).

A

Agriculture Technology (AgTech)

1,669 items

Companies that are using technology to make farms more efficient.

SupPlant Patents

SupPlant has filed 2 patents.

The 3 most popular patent topics include:

  • Isan
  • Agriculture
  • Hydrology
patents chart

Application Date

Grant Date

Title

Related Topics

Status

3/19/2018

8/17/2021

Irrigation, Hydrology, Water conservation, Water and the environment, Isan

Grant

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00/00/0000

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Application Date

3/19/2018

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Grant Date

8/17/2021

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Title

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Related Topics

Irrigation, Hydrology, Water conservation, Water and the environment, Isan

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Status

Grant

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