Bluewhite's platform makes it easy to run all farming operations from anywhere, with the same tractor, meaning you'll grow more with less. Photo: Tom Fisk/Pexels.
The company in the AgriTech sector raised the million-dollar sum in an investment series led by the international venture capital firm Insight Partners.
Since its founding, the Israeli agrotechnology startup Bluewhite has been working on the development of technologies for the autonomization of agricultural tasks. Recently, Bluewwhite announced that it managed to raise 39 million million for its autonomous farming and tractor management platform, which reduces crop production costs by up to 75%.
Ben Alfi, co-founder and CEO of the Israeli startup, said that “having demonstrated the commercial success of our solution with farmers, this new round of financing will allow us to continue bringing sustainable autonomous innovation to more markets and work with different types of partners across the ecosystem to impact all levels of the food supply chain.”
The platform, called Robot as a Service (RaaS), is installed in farmers' vehicles, and uses sensors and AI algorithms to provide data on the operation of their farms, increasing yields and profitability.
The investment round was led by Insight Partners, but Alumni Ventures, LIP Ventures, Entrée Capital, Jesselson and Peregrine Ventures also participated.