Tevatronic

Company Overview

Snapshot

Founded in January 2012 by Oleg Korol, Tevatronic operates with 1–10 employees. The company has raised $3 million across 5 funding rounds from 2 investors. In January 2019, Tevatronic secured a grant from the Israel Innovation Authority.

Business overview

Tevatronic develops an autonomous irrigation system designed to optimize water usage for plants. Its core technology involves a valve switch controller connected to a cloud server, which receives data from ground-based tensiometer sensors. This system calculates precise irrigation times, promoting crop health and productivity while reducing water and fertilizer consumption. Tevatronic serves the agriculture industry, operating within the Agriculture & Food Technologies sector with a focus on smart irrigation and sustainable farming.

Strategic signal

In March 2020, Tevatronic ceased operations, indicating a significant shift in its business trajectory. This event signals to investors and innovation teams that the company is no longer actively pursuing its autonomous irrigation system development, marking a critical inflection point in its corporate lifecycle.

Company Intelligence Q&A

When was Tevatronic founded and by whom?

Tevatronic was founded in January 2012 by Oleg Korol.

What is Tevatronic's primary business focus?

Tevatronic develops an autonomous irrigation system that identifies plant water needs and controls irrigation to optimize water and fertilizer use, promoting crop health and productivity.

What is the status of Tevatronic's operations?

Tevatronic is currently non-active, having ceased operations in March 2020.

What was a key non-equity funding event for Tevatronic?

In January 2019, Tevatronic secured a grant from the Israel Innovation Authority.