Phytech provides growers with real-time, plant-centric insights and actionable recommendations using vertically integrated IoT devices, artificial intelligence, and digital platforms. Its PlantBeat irrigation management platform is used by about 600 top-tier growers across roughly 15,000 farms in the U.S., Australia, and Israel. Those farms collectively account for significant shares of key crops, including 30% of global almond production, 35% of U.S. apple production, and 28% of U.S. citrus production. Phytech’s applications target irrigation management, regulatory water conservation compliance, and a BRIX optimization tool that increases fruit sugar content without chemicals or over-stressing practices. The company emphasizes outcomes such as improved plant health, higher yield quality, water savings, labor-cost reduction, and lower emissions. Recent funding will support added automation capabilities and continued global market expansion to scale its Plant-Demand production applications. Phytech provides growers with a proprietary IoT and AI platform that constantly senses, communicates and analyzes plant demands to deliver real-time recommendations via simple farm-management applications. Its machine-learning capabilities identify water stress through direct plant monitoring to inform irrigation decisions, aiming to increase yields and decrease resource inputs. The company says its technology is deployed by leading growers across the U.S., Australia and Israel in a range of specialty and row crops. Phytech reports 3X growth rates over recent growing seasons and near 100% retention of existing customers, creating what it describes as the largest real-time plant performance database benchmark in most crops. The company plans to use the new funding to support ongoing growth and commercial deployment in current and new geographies. Phytech positions its Plant-Demand predictive applications as a way to improve yields, reduce water use, and transform daily farming practices. Phytech’s PlantBeat platform combines continuous plant monitoring hardware, predictive algorithms, spatial imaging, hyper-local climate information, agronomic modeling, data analysis and web and mobile applications to deliver alert-driven, real-time recommendations. The company helps growers make in-season decisions to improve crop quality and yields while reducing water usage. Its technology is deployed by growers in the U.S., Brazil, Australia and other markets across a wide variety of specialty and row crops, both directly and through partnerships with global leading CP partners. The recent investment will fund expansion of Phytech’s technology platform and support continued global commercialization. Company leadership framed the investment as enabling enhanced decision support, technology innovation and commercial development. The announcement was issued from London, Basel (Switzerland) and Tel Aviv (Israel).

Total raised

$35M

Funding rounds

3

Latest round

Equity

Latest activity

Sep 2020