SupPlant

Company Overview

Snapshot

Founded in March 2015, SupPlant operates with 51–200 employees. The company has raised $62.92M across 7 funding rounds from 11 investors. In February 2023, SupPlant secured an extension to its Series C round, with participation from Red Dot Capital Partners.

Business overview

SupPlant develops plant sensing technology and artificial intelligence to provide irrigation recommendations to growers. Its core product leverages accumulated data from thousands of seasons to empower better decision-making, enhancing water use efficiency, yield quantity, and quality. The company also offers tools for managing extreme weather events and 24/7 agronomic support. SupPlant serves the agriculture industry, with a focus on crops, and has developed a sensor-free irrigation API platform targeting 450 million smallholder farmers globally, particularly in India and sub-Saharan Africa. The company operates within the Agriculture & Food Technologies sector, specializing in Ag Tech, Precision Ag, Climate Tech, and Sustainable Farming.

Strategic signal

In September 2024, news emerged regarding a potential acquisition of SupPlant by an Arab state, which could lead to an exit for Mivtach Shamir Holdings. This development signals significant strategic interest in SupPlant's agricultural technology from international entities, potentially validating its market position and offering a substantial return for early investors. The reported interest highlights the increasing geopolitical and economic importance of sustainable agriculture solutions.

Company Intelligence Q&A

What was a significant funding event for SupPlant in 2023?

In February 2023, SupPlant secured an extension to its Series C funding round. Red Dot Capital Partners participated in this round.

What was a key funding event for SupPlant in 2022?

In March 2022, SupPlant completed a Series C funding round. Red Dot Capital Partners led this round.

What recognition did SupPlant receive in 2021?

In November 2021, SupPlant's irrigation system was recognized by TIME magazine as one of the 100 best inventions of the year.

What strategic partnership did SupPlant form in 2020?

In July 2020, SupPlant collaborated with ClimaCell to bring IoT solutions to small farmers, aiming to provide advanced agricultural technology to 450 million smallholder farmers.

What international market interest did SupPlant attract in 2017?

In July 2017, India expressed interest in SupPlant's technology, specifically its plant-sensing system that alerts farmers when plants need water, as reported by The Times of India.