Israeli agtech company Saturas has raised $3 million in the first part of a Series B funding round for its precision irrigation management system, the company announced last week.
US-Israeli early-stage investment fund Gefen Capital and Chinese agricultural input company. Hubei Forbon Technology, both former investors in Saturas, participated in this round, alongside a new investor, the Trendlines Agrifood Fund.
Saturas CEO Anat Halgoa said that following the company’s expansion in the US through its Califonria-based subsidiary as well as Europe, South America, and China, the investment “enables further market and sales expansion, and development of our production capabilities.”
“We are working to complete the full funding round by the end of the year,” she added.
Founded in 20113 in the Trendlines Group’s Agrifood incubator, Saturas has developed an advanced decision support system for precision irrigation based on its miniature stem-water potential (SWP) sensor.
Precision irrigation influences water conversation and the quantity and quality of fruit. The precision irrigation system developed by Saturas helps farmers to obtain continuous and reliable information remotely from the field, without the need to make frequent trips to check the field manually.
“We believe that Saturas’ unique technology for measuring stem water potential is poised to change the way farmers manage their irrigation – providing a highly accurate method to reduce water use, at the same time as improving the quality of fruit,” said Trendlines Agrifood Fund CEO Nitza Kardish, PhD., “Our investment represents the fund’s commitment to investing in technologies that address food and agricultural production in a sustainable way, using innovative knowledge and a team with proven capabilities. Saturas checks all those boxes.”