FruitSpec
Fruit Yield Estimation
Company Overview
Snapshot
Founded in September 2016 by Raviv Kula, Shahar Nitsan, and Nir Margalit, FruitSpec operated with 11–50 employees. The company raised a total of $9.88 million across four funding rounds. In December 2021, FruitSpec secured a $5 million funding round, with Amathaon Capital participating as a lead investor.
Business overview
FruitSpec provides an early-season fruit yield estimation solution for the agriculture industry. The company's core technology utilizes hyper-spectral machine-vision, computer vision, and artificial intelligence. Sensor pods mounted on tractors scan orchard trees to automatically count and estimate fruit numbers and size. This data is then compiled into reports for packing houses, offering precise fruit yield and size distribution at both individual tree and overall scanned area levels. FruitSpec operates within the Ag Tech, Sustainable Farming, and Farm Equipment & Treatment sectors, serving markets across North America, South America, Europe, Asia, and Australia.
Strategic signal
In December 2021, FruitSpec successfully closed a $5 million funding round, which included investment from Smart Agro. This financing was aimed at supporting the company's global scaling efforts, indicating strong investor confidence in FruitSpec's fruit yield management technology and its potential for broader market adoption in the agriculture sector.
Log in to access full profile ›Company Intelligence Q&A
- What is FruitSpec's primary offering?
- FruitSpec offers a solution for accurate early-season fruit yield estimation, leveraging hyper-spectral machine-vision technology to scan trees and provide precise fruit count and size distribution data.
- When was FruitSpec founded and by whom?
- FruitSpec was founded in September 2016 by Raviv Kula, Shahar Nitsan, and Nir Margalit.
- Which investors participated in FruitSpec's December 2021 funding round?
- In December 2021, FruitSpec raised a $5 million funding round with participation from Smart Agro.
- What was a key development for FruitSpec in September 2019?
- In September 2019, FruitSpec closed a funding round that included investment from AgVentures and Hubei Forbon Technology, aimed at supporting its yield estimation solution.
- What was the status of FruitSpec's field studies in October 2018?
- In October 2018, FruitSpec completed successful field studies for its technology, as reported by PR Newswire.