Phytech News
14 articlesחברת האג-טק Phytech סייעה לחקלאי העולם לחסוך חצי טריליון ליטר מים בשנת 2024
Phytech expands into latin America with digital farming solutions
Netafim and Phytech collaborate to optimise digital farming
Rivulis and Phytech Announce Strategic Partnership to Advance Sustainable Agriculture
Phytech Raises $23.5 Million in Growth Funding From THL Automation Fund and Existing Anchor Investors
growth-positive
Israeli digital farming co Phytech raises $23.5m
Phytech, an Israeli digital farming automation and data provider, has raised $23.5 million in funding from private equity firm Thomas H. Lee Partners, L.P. The funding will be used to add automation capabilities and support the companys global market expansion. Phytechs PlantBeat irrigation management platform is used by 600 major growers on 15,000 farms across the US, Australia, and Israel. The companys value proposition to farmers includes improving plant health and longevity, increasing yield quality, water savings, and reducing emissions pollution. Phytech aims to help farmers optimize production and meet global food security needs. The funding will enable the company to transform to Plant-Demand production practices.
InvestmentExpand
growth-positive
Integrated CBD Sets Sustainable Hemp Farming Standards with Completion of Precision Irrigation Technology Installation
Integrated CBD has announced the installation completion of plant-based sensor technology on their hemp farm in Arizona. The sensors, provided by ag-tech company Phytech, measure and analyze plant health data to optimize irrigation and water usage. This technology will help Integrated CBD create trusted quality products at scale and improve overall farm efficiency. The company aims to meet the growing demand for sustainable industry standards in hemp cultivation. The use of agriculture technology connected to water conservation is expected to result in more rapid returns and increased profitability for Integrated CBD. The installation of the sensors demonstrates the companys commitment to sustainable farming practices and their position as a leader in the hemp-derived CBD market.
Customers
Phytech Commercializes Plant-Based Irrigation Application for Industrial Hemp
growth-positive
Israeli digital farming co Phytech raises $11m
Phytech, an Israeli digital farming company, has closed an $11 million series B financing round led by Tencent Holdings Limited. The investment will support the companys growth and worldwide deployment. Phytech helps farmers cope with the Internet of Things (IoT) by constantly sensing, communicating, and analyzing plant demands through its proprietary IoT and AI platform. The companys technology has seen 3X growth rates and near 100% customer retention, creating the largest real-time plant performance database benchmark in most crops. Phytechs goal is to provide all farmers around the globe with the opportunity to transform their farming practices with their Plant-Demand predictive applications. The investment from Tencent and other investors is a vote of confidence in Phytechs ability to address complex agricultural challenges and optimize plant health and productivity.
Investment
Olam Announces Deployment of Phytech technology in Australian Almond Orchards
growth-negative
Phytech introduces "PlantBeat" to U.S. farmers
The President and CEO of the National Peanut Board, Bob Parker, will retire at the end of 2023. His focus during his tenure has been on farmer profitability, peanut allergy, and industry unity.
Management Changes
growth-positive
Syngenta Ventures Invests in Phytech, the 'FitBit for Irrigated Crops' - AFN
Israeli sensor and data analysis startup Phytech has closed an undisclosed Series A funding round with commitments from new investor Syngenta Ventures and existing investor Mitsui Co Europe. Phytechs unique devices monitor individual plants using their patented phytomonitoring technology, providing farmers with real-time feedback and decision support to reduce costs and improve yields. The funding will be used to expand Phytechs technology platform and support global commercialization. The company aims to enable data sharing between farmers and other contributors through its cloud-based platform. Syngenta Ventures was attracted to Phytechs distribution strategy and use of dendrometers to measure water stress in plants. An IPO or trade sale is the most likely exit route for Phytech.
InvestmentPartners
growth-positive
Plant world to get Israeli Internet of Things tech
Phytech has partnered with ADAMA Agricultural Solutions to sell its plant-alert system to farmers in North and South America. The partnership is expected to help Phytech reach customers globally for its PlantBeat service, which equips crops with sensors to monitor their growing environment. The sensors upload data to a cloud server, where it is analyzed and migrated to a mobile app for users. The low-cost sensors can be attached to sample plants to take readings within an immediate area, and the data is secured using cellphone networks. Phytech already has a significant customer base in Israel, and the pilot projects in the US and Brazil have been successful. The collaboration with ADAMA will bring simplicity and Israeli innovation to farmers worldwide.
Partners
PlantBeat To Debut At InfoAg 2014
