Irreo is a Rome-based software company for precision agriculture that estimates crop water requirements using phenological stage, soil composition and climatic conditions. The company analyzes over 1.5 terabytes of satellite data every day to produce its forecasts. According to the article, Irreo's technology reduces crop water stress and water waste by 30% and increases yields by 10%. Founded by Andrea Pomente and Luca Calacci, Irreo plans to use new funding to continue expanding operations and its development efforts. The article reports the company raised €700K from Primo Space, a fund managed by Primo Ventures SGR. Primo Space invests in satellite-data applications for forecasting irrigation needs, commodity prices and climate risk.

Total raised

$1M

Funding rounds

1

Latest round

Equity

Latest activity

Nov 2022