WaterBit, a San Jose, Calif.-based Autonomous Irrigation Solutions (AIS) company that enables growers to control local irrigation considering plant stage, soil conditions, and weather, at a level of granularity and accuracy, completed an $11.4m Series A financing.
The round was led by New Enterprise Associates (NEA), with participation from TJ Rodgers, former CEO of Cypress Semiconductor, and Heuristic Capital. In conjunction with the funding, NEA Managing General Partner Scott Sandell will join WaterBit’s Board of Directors.
The company intends to use the funds to accelerate its product development of automated irrigation solutions with the goal of fully autonomous irrigation, expand sales and marketing efforts.
Led by Andrew Wright, CEO, WaterBit is a precision irrigation company allowing growers to manage and control irrigation anywhere, anytime using a smartphone. WaterBit Carbon, a solar-powered device that installs in minutes, collects data from sensors and controls irrigation valves 24/7. Carbon pairs with devices to monitor soil moisture, water pressure and flow along with weather conditions. It’s compact size fits under the foliage and operates in low-light conditions.