Company Overview
Snapshot
Founded in March 2015, SupPlant operates with 51–200 employees. The company has raised a total of $62.92M across 7 funding rounds from 11 investors. In February 2023, SupPlant secured an extension to its Series C round, with Red Dot Capital Partners participating.
Business overview
SupPlant develops plant sensing technology that leverages artificial intelligence and accumulated data to provide growers with irrigation recommendations. The company's core product enhances water use efficiency and improves yield quantity and quality, while also offering tools for managing extreme weather events and providing 24/7 agronomic support. SupPlant serves the agriculture industry, operating in sectors such as Ag Tech, Precision Ag, Climate Tech, and Sustainable Farming. Its latest development is a sensor-free irrigation API platform targeting smallholder farmers globally, particularly in India and sub-Saharan Africa.
Strategic signal
In September 2024, news emerged regarding a potential sale of SupPlant to an Arab country, which could lead to an unexpected exit for Mivtach Shamir Holdings. This development signals a significant strategic shift for SupPlant, potentially opening new markets and validating its technology on an international scale, while also offering a substantial return for early investors.
Log in to access full profile ›Company Intelligence Q&A
- What is SupPlant's primary focus?
- SupPlant focuses on digitally informing irrigation decisions worldwide by using plant sensing, artificial intelligence, and accumulated data to provide growers with irrigation recommendations.
- When was SupPlant founded?
- SupPlant was founded in March 2015.
- What was a key development for SupPlant in February 2023?
- In February 2023, SupPlant secured an extension to its Series C funding round. Red Dot Capital Partners participated in this round.
- What is SupPlant's latest product development?
- SupPlant's latest development is a fully sensor-free irrigation API platform designed to serve 450 million smallholder farmers globally, particularly in India and sub-Saharan Africa.
- What was a notable recognition for SupPlant in November 2021?
- In November 2021, SupPlant's irrigation system was recognized by TIME magazine as one of the 100 best inventions of 2021.