Saturas, Ltd., a Misgav, Israel–based agricultural startup, raised $4m in funding.
Backers included Hubei Forbon Technology Co. Ltd., Ramat Magshimim, and Miguel Torres Winery SA, Gefen Capital, The Treadlines Group Ltd. (SGX: 42T; OTCQX: TRNLY), the Israel Farmers’ Union, and Shlomo Nechama.
The funding is intended to complete technological development and to prepare for industrial production and market penetration, focusing on markets such as California, U.S. and Spain.
Led by Anat Halgoa Solomon, co-founder and CEO, Saturas is developing an Advanced Decision Support System (ADSS) for automatic irrigation based on its miniature SWP sensor. Embedded in the trunks of trees, vines, and plants, the sensors receive direct input from the tree or vine to provide real-time, accurate, and continuous information for optimized irrigation.
The company has completed field trials in citrus, apple, and almond orchards in Spain and Israel in cooperation with NaanDanJain Iberica S.L.U. and Netafim Ltd.
Saturas is currently completing the development of a modified sensor suitable for vineyards, which has been tested in a vineyard in Israel’s Upper Galilee.
FinSMEs
01/03/2018