CropX, a San Francisco, CA and Tel Aviv, Israel-based provider of an adaptive irrigation service, closed its Series A financing.
The additional funding provided by Robert Bosch Venture Capital (RBVC) and the Flex technology accelerator, Lab IX, extended the round from $9M to $10M. They joined Finistere Ventures, Innovation Endeavors, GreenSoil Investments and OurCrowd. In conjunction with the funding, Jan Westerhues, Investment Partner at Robert Bosch Venture Capital, will join the Board as an observer.
The amount of the deal was not disclosed.
The company plans to use the funds for continued growth and product development, including advances in nutrition, plant protection, planting and harvesting.
Led by CEO Isaac Bentwich, CropX provides an advanced adaptive irrigation software service which generates daily, irrigation maps and automatically applies the right amount of water to different parts of the same field.
The company serves 20 top farms across the United States.