Fieldin, an USA and Israel-based AgTech startup, raised $30M in Series B funding.
The round, which brought total fundraising to $55m, was led by Fortissimo Capital with participation from Zeev Ventures, Icon Accelerator, Maor Investments, Akkadian Ventures, Terra Ventures, Gal Ventures, Germin8, and Mindset.
The company intends to use the funds to continue to expand operations and its business reach.
Founded in 2013 by Boaz Bachar (CEO) and Iftach Birger (COO), Fieldin provides an agricultural operating system (AgOS) that evaluates and manages the entire growing cycle from planning to execution, including equipment, workers, materials, and more. Sensors are installed on tractors, machines, and farm implements (such as sprayers, harvesters, and mowers), turning all operational equipment into ‘smart’ machines. Data from operators and the field are transmitted in real time to the platform for analysis. Aggregated data and dashboards create visibility and insight for key farm decision-makers, strengthening accountability, precision, practices, and results.
The AgOS leverages machine learning and AI to provide custom recommendations for the management of key work processes, supporting crop health and yields, improving sustainability, and boosting overall efficiency and profits.
The technology is already deployed in 5 of the 10 largest farms in California and supports more than 20% of global almond production.
The company has operations in San Jose and Fresno, California, an R&D center in Yoqneam, Israel, and an office in Mildura, Australia.
FinSMEs
01/09/2021