Company raises funds to scale-up precision irrigation technology

Company raises funds to scale-up precision irrigation technology
Credit: Shutterstock.com/ Artit Thongchuea

Viridix has secured $2.35 million in seed funding to scale up its cutting-edge technology enabling precision irrigation technology for farmers.

The investment round was led by the Israel – Colorado Innovation Fund, a seed-stage venture capital fund supporting Israeli entrepreneurs and was joined by current and new investors of the company.

Viridix has developed a sensor together with a software platform that enables famers to increase crop yields and save water through precise measurement and actionable insights.

“The solution has been very well received in the Israeli, European and Asian markets and we can help accelerate its growth into the US market.” said Gili Elkin, Israel – Colorado Innovation Fund General Partner.

“We are very excited to partner with Viridix and help solve two of the world’s most critical problems around food production and water conservation.”

Tal Maor, CEO of Viridix, said: “We have a clear target to become the leading global autonomous irrigation system and partnering with the leading irrigation companies to create it.

“With such strong backers, our journey towards achieving this goal will gain serious momentum.”