FieldIn, an Israeli Startup Completes a $4M Funding Round

FieldIn is disrupting the $65 Billion Agricultural Pesticide market (AgPest) with IoT devices connected to a powerful analytics platform, providing growers unprecedented control over their farming operations, while constructing the largest AgPest dataset in existence. Over the past two years FieldIn has successfully monitored over 1 million sprayed acres in real-time, to discover that more than 25% of sprays were performed with consequential errors. Moreover, according to publications, over $300B of annual world crop is lost due to problems related to pest and disease control. FieldIn’s innovative technology allows growers, as well as the entire AgPest supply chain (Grower to retailers), to improve yields, decrease costs and dramatically reduce the impact of pesticides on our entire environment.

“Our AgPest dataset has reached a critical-mass coverage that enables us to provide unique insights on crops, chemicals and geographies.” Said Boaz Bachar, Founder and CEO FieldIn. “We started our initial activities in Israel and expect to cover over 40 percent of the citrus and vine markets in 2018. Fieldin is rapidly expanding to the US, Europe and Africa and has landed major contracts with some of the biggest names in the industry. We are especially excited about our recently signed agreement with “The Wonderful Company”, the world’s largest grower of tree nuts and is now overseeing nearly 100,000 acres for this company.

In order to support its rapid growth, Fieldin has also secured a strategic partnership with ADAMA, a global leader in crop protection solutions. and a distribution agreement with Kern Machinery, John Deer’s largest distributor in California. "FieldIn offers growers a unique spray management system that is economical and easy to use. It's a strategic asset that should be part of every grower’s fleet”, said Larry Sitzman, GM of Kern Machinery.

FieldIn is now announcing that it has successfully closed a $4M funding round. The round was co-lead by Gal Ventures and Germin8 Ventures along with participation from earlier investors, Terra Ventures. FieldIn also counts among its investors prominent international angels and the support of the Israel Innovation Authority (formerly the Office of the Chief Scientist of Israel’s Ministry of Economy).

Bachar shared his plans for the future: “This funding round is an important milestone for FieldIn. We intend to partner with more and more growers around the world, enhance our unique AgPest dataset and get closer to fulfilling our vision: where all AgPest activities will become data driven and we, FieldIn, will be the Authoritative data source for the entire supply chain, starting from the chemical manufacturer, through the farmer, all the way to the end-consumer and ultimately, our natural habitat".

About FieldIn Tech

FieldIn is a data software service that provides real time management of AgPest usage, patterns and efficacy. Utilizing advanced data analytics and artificial intelligence, FieldIn computes geospatial, chemical, biological, weather and other parameters, to provide growers the ability to dramatically improve yields, adapt to evolving pest resistance and reduce costs, all while positively impacting the environment through diminished pesticide contamination. FieldIn has created the largest and most comprehensive AgPest dataset in the world, enabling data driven improvements of field execution, application methods and chemicals efficacy for the AgPest supply chain and for the environment.