Company Overview
Snapshot
Founded in December 2007 by Nissim Daniely, AutoAgronom operated with 1–10 employees. The company was acquired by Shenyang Yuanda in September 2014.
Business overview
AutoAgronom develops sustainable precision-agriculture solutions designed to optimize water and fertilizer usage while boosting crop yields. The company's core Root Sense technology monitors plant needs in real time, automatically delivering precise amounts of water and fertilizer to ensure optimal growth conditions throughout the cultivation cycle. AutoAgronom serves the agriculture industry, operating within the Agriculture & Food Technologies sector with a focus on smart farming, irrigation, and fertigation for crops in geomarkets including the United States, India, and China.
Strategic signal
In September 2014, AutoAgronom was acquired by Shenyang Yuanda for $20 million. This acquisition highlights the increasing strategic interest and investment in precision agriculture technologies that promise significant resource savings and yield improvements, signaling a consolidation trend in the agritech sector as larger entities seek to integrate innovative solutions.
Company Intelligence Q&A
- When was AutoAgronom acquired and by whom?
- AutoAgronom was acquired by Shenyang Yuanda in September 2014.
- What was the acquisition amount?
- AutoAgronom was acquired by Shenyang Yuanda for $20 million in September 2014.
- What is AutoAgronom's primary technology?
- AutoAgronom's primary technology is Root Sense, a sensing system that analyzes plant needs in real time to deliver optimal water and fertilizer.
- What are the benefits of AutoAgronom's solution for growers?
- AutoAgronom's solution enables growers to save up to 50% in water and up to 70% in fertilizer, while increasing yields by as much as 30%.
- Did AutoAgronom receive any grants?
- In November 2014, AutoAgronom received a grant from MassChallenge Israel.