Fieldin raises $30M Series B to make commercial farms autonomous

08.09.2021

American-Israeli agtech startup Fieldin has completed a USD$30 million Series B funding round, led by Fortissimo Capital, with the participation of Zeev Ventures, ICON Accelerator, Luxembourg-based Maor Investments, and Akkadian ventures.

Series B funders join early-stage investors Terra Ventures, Gal Ventures, Germin8 and Mindset, with the aim of scaling Fieldin's agricultural operating system. The close of Series B brings Fieldin's total fundraising to $55 million.

Fieldin's agricultural operating system (AgOS) empowers commercial farmers to adapt to a rapidly changing environment, using real-time data and performance management tools to digitize the operations of an industry that has been slow to embrace the technological revolution. The AgOS leverages machine learning and AI to provide custom recommendations for the management of key work processes, supporting crop health and yields, improving sustainability, and boosting overall efficiency and profits.
 
The Fieldin platform evaluates and manages the entire growing cycle from planning to execution, including equipment, workers, materials and more. Sensors are installed on tractors, machines and farm implements (such as sprayers, harvesters and mowers), turning all operational equipment into 'smart' machines. Data from operators and the field are transmitted in real time to the Fieldin platform for analysis. Aggregated data and dashboards create visibility and insight for key farm decision-makers, strengthening accountability, precision, practices and results.
 
The company's technology is already deployed in five of the 10 largest farms in California and supports more than 20 percent of global almond production. 
 
Fieldin was founded in 2013 by Boaz Bachar (CEO) and Iftach Birger (COO), both of whom have a family background in Israeli agriculture. The company has operations in San Jose and Fresno, California, an R&D center in Yoqneam, Israel, and an office in Mildura, Australia.
 
"Fieldin is reinventing agricultural management methods and digitizing operations from beginning to end,” notes Bachar. “Our technology provides the entire ecosystem of farm stakeholders with customized tools to manage against operating constraints in real time. This is a game-changer for commercial farmers who want to thrive amid the complexities of the coming agricultural era."
 
Today's growers are challenged by many factors, like chronic labour shortages, strict regulations, pests, unpredictable weather, water shortages, oil prices and more. According to Birger, the company is “driving the strategic utilization of agricultural resources against these constraints, not only optimizing operations and reducing costs, but also making a positive global contribution through better food, higher yields and environmental impact management."
 
 
 
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