Startup That Helps Farmers Boost Crop Yields Raises $30M

An Israeli company that uses advanced sensors to help farmers monitor the health of their crops and boost yields has raised $30 million. 

CropX Technologies has created an analytics platform that uploads a breadth of information and provides farmers with insights and advice for irrigation, disease, and nutrition management.

It uses advanced sensors to collect data from the soil, together with information from satellites, farm machinery and other sources.

The platform helps farmers conserve irrigation and optimize the use of energy and fertilizers while maximizing crop growth and yields.

The funding will be used to develop its farm management system, and acquire companies with technologies that will further enhance CropX’s platform.

The funding round was led by Aliaxis SA, a company that designs and manufactures plastic piping systems. 

“Completing this funding is a huge endorsement from our investors of the value that we bring to our customers and shareholders, and the positive impact we are making on farms around the world,” said CropX CEO Tomer Tzach.

“We are proud to be one of the consolidation leaders in ag-tech as we bring a complete, powerful and simple solution to farms and agribusinesses.”

Eric Olsen, CEO of Aliaxis, said: “CropX is the best in class for smarter irrigation systems in agriculture and we are thrilled to strengthen our partnership to allow farmers to save water while increasing crop efficiency and food production in a sustainable fashion.”