Agritask, a Tel Aviv, Israel-based precision agriculture startup, secured $8.5M in Series A funding.
The round was led by the InsuResilience Investment Fund, with participation from Barn Investimentos.
The company intends to use the funds to enhance its data analytics features and expand its customer reach, including smallholder projects and the agricultural insurance sector.
Founded in 2010 by Israel Fraier and led by CEO Ofir Ardon, Agritask provides an agronomic management software platform for for agronomic management used by farmers and other stakeholders in the ecosystem, covering 20 countries worldwide and more than 50 crop types.
The platform, which provides a holistic solution to support real time decision-making, can integrate with over 40 hardware and software data sources, including John Deere, Airbus, IBM and SAP. Furthermore, Agritask supports the entire agricultural production process, ranging from soil fertility management, growth monitoring, to harvest logistics.
The solution, currently active in 20 countries worldwide and covers more than 50 crop types, is used by farmers alongside food and beverage companies, agricultural insurers, input providers and governments or developmental organizations.
The company serves General Mills, Suzano, and Bom Jesus, among others.