Farming optimization co Agritask raises $26m
Summary
The company will use this new funding to accelerate development of new products, expand its sales and marketing network worldwide and hire talented employees. Founded in 2010 by serial entrepreneur Israel Fraier, Agritask has developed a SaaS agronomic intelligence (AgI) platform, which provides transparency and insights and allows better decision making across the agri-food value chain, focusing primarily on the food and beverage and agriculture insurance industries. With the uncertainties and anxieties being caused by climate change, Agritasks platform assists the agricultural industry in transforming towards predictable and sustainable supply chains and production practices. Through machine learning combined with in house agronomic expertise, Agritask offers insights and models for crop growth, yield estimations and risk assessment enabling their customers to transform agri-food supply chains and promote sustainable farming and sourcing practices. Agritask CEO Ofir Ardon said, "We are seeing the food and beverage industry spearheading a radical change in the agri-food supply chain, increasing their engagement with and support of farmers to move to sustainable and regenerative agriculture.
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