Croptimistic builds a SWAT ECOSYSTEM centered on its SWAT MAPS product and powered by SWAT RECORDS software, offering turn-key variable rate solutions that factor Soil, Water and Topography. The company sells hardware including the autonomous SWAT BOX and the recently released SWAT CAM camera system that mounts to sprayers and produces crop and weed population maps and plant stand counts via machine learning. Since starting operations in 2018, Croptimistic has reported average growth of 100% year over year and works with 67 company partners across four countries, with its strongest presence in the USA and Canada. The business recently opened a new office in Kelowna, BC and says it will continue investing in its SWAT RECORDS software to scale operations. Croptimistic acquired CropPro Consulting to expand farmer services and add scale to its operations. The company received new Series B funding to increase working capital and support ongoing research and development. Croptimistic builds the SWAT technology ecosystem — including SWAT MAPS, SWAT Records (software/apps), SWAT BOX (autonomous soil mapping), SWAT CAM (machine-learning sprayer cameras) and SWAT WATER (soil moisture maps) — to enable variable-rate fertilizer, seed, amendment, herbicide and precision water management. The company integrates with key APIs such as Climate FieldView and John Deere and reports annual retention rates above 95% on SWAT-mapped acres. Since beginning operations in 2018 it has grown to 18 staff across Canada, the USA and South Africa and works with nearly 100 partners spanning four countries. Croptimistic reported $2M in revenue in 2020 and documents environmental and climate-change improvements from its deployments. The company says its value proposition delivers strong return on investment for farmers while reducing environmental footprint. The new capital will be used to hire developers and professional staff at a Kelowna, BC hub to accelerate software and hardware development to meet growing demand.

Total raised

$14M

Funding rounds

4

Latest round

Series B

Latest activity

Feb 2023