Israeli agricultural optimization firm Agritask has introduced the completion of a $26 million funding spherical led by Liechtenstein Group and joined by Bridges Israel impression funding fund, Good Agro Fund, in addition to present buyers together with The Insuresilience Funding Fund. The corporate will use this new funding to speed up growth of latest merchandise, develop its gross sales and advertising and marketing community worldwide and rent gifted staff.
Based in 2010 by serial entrepreneur Israel Fraier, Agritask has developed a SaaS agronomic intelligence (AgI) platform, which offers transparency and insights and permits higher resolution making throughout the agri-food worth chain, focusing totally on the meals and beverage and agriculture insurance coverage industries.
With the uncertainties and anxieties being brought on by local weather change, Agritask’s platform assists the agricultural business in reworking in the direction of predictable and sustainable provide chains and manufacturing practices.
Prior to now two years Agritask has seen vital progress and adoption by main meals and beverage corporations. Manufacturers reminiscent of Starbucks and Heineken use Agritask to attenuate threat and higher predict provide chains, optimize farming operations, and guarantee sustainable farming and sourcing practices. Agritask has additionally partnered with main ag-insurance corporations together with SCOR, Zurich and MAPFRE to increase their portfolio of insurance coverage merchandise.
Agritask already displays over 50 totally different crop varieties throughout greater than 2 million hectares of land in over 35 nations worldwide. Knowledge captured from sources together with a cell app, distant sensing, climate stations, satellite tv for pc imagery, sensors, irrigation, and equipment integrates with over 70 agronomic techniques and enterprise software program and feeds into a world agronomic information hub. By way of machine studying mixed with in home agronomic experience, Agritask provides insights and fashions for crop progress, yield estimations and threat evaluation enabling their prospects to rework agri-food provide chains and promote sustainable farming and sourcing practices.
Agritask CEO Ofir Ardon stated, “We’re seeing the meals and beverage business spearheading a radical change within the agri-food provide chain, growing their engagement with and help of farmers to maneuver to sustainable and regenerative agriculture. Know-how and information play a key position in creating transparencies throughout the agri-food ecosystem and Agritask is in a singular place to prepared the ground.”
Agritask is headquartered in Tel Aviv and employs 70 folks worldwide with places of work in Brazil and Bulgaria.
Printed by Globes, Israel enterprise information – en.globes.co.il – on February 3, 2022.
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