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Flex, Bosch invest in CropX

April 29, 2022
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    The 1.6 Kg Beetroot: Analyzing a Backyard Anomaly and Its Lessons for Commercial Production

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    Precision and Pace: A Case Study in Efficient Sugar Beet Harvesting at Progress-Vertelishki

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    Belarus’ Ambitious Target: Breaking the 5 Million Ton Sugar Beet Barrier in 2025

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    Pacific Northwest Sugar Beets: Record Yield Potential Meets Water Management Challenges

    Pacific Northwest Sugar Beets: Record Yield Potential Meets Water Management Challenges

    Navigating Risk and Reward: British Sugar’s New Contract Options Reshape Grower Economics

    Navigating Risk and Reward: British Sugar’s New Contract Options Reshape Grower Economics

    British Sugar’s 2024 Campaign: Strategic Staggering of Factory Openings Optimizes Harvest Logistics

    British Sugar’s 2024 Campaign: Strategic Staggering of Factory Openings Optimizes Harvest Logistics

    Mechanization Multiplier: How Leningrad Oblast Achieved a 17x Labor Efficiency Boost in Beet Harvest

    Mechanization Multiplier: How Leningrad Oblast Achieved a 17x Labor Efficiency Boost in Beet Harvest

    The Shrinking Beet: How Retail Demand is Reshaping Agronomic Practices in Table Beet Production

    The Shrinking Beet: How Retail Demand is Reshaping Agronomic Practices in Table Beet Production

    The 1.6 Kg Beetroot: Analyzing a Backyard Anomaly and Its Lessons for Commercial Production

    The 1.6 Kg Beetroot: Analyzing a Backyard Anomaly and Its Lessons for Commercial Production

    Precision and Pace: A Case Study in Efficient Sugar Beet Harvesting at Progress-Vertelishki

    Precision and Pace: A Case Study in Efficient Sugar Beet Harvesting at Progress-Vertelishki

    Belarus’ Ambitious Target: Breaking the 5 Million Ton Sugar Beet Barrier in 2025

    Belarus’ Ambitious Target: Breaking the 5 Million Ton Sugar Beet Barrier in 2025

    Kuban’s Beet Harvest Surpasses 1.5M Tons: A Deep Dive into Yield Disparities and the Domestic Seed Revolution

    Kuban’s Beet Harvest Surpasses 1.5M Tons: A Deep Dive into Yield Disparities and the Domestic Seed Revolution

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    Navigating Risk and Reward: British Sugar’s New Contract Options Reshape Grower Economics

    Navigating Risk and Reward: British Sugar’s New Contract Options Reshape Grower Economics

    Israel’s Water Crisis Reaches Breaking Point: Agriculture Bears Brunt of Unprecedented Drought

    Israel’s Water Crisis Reaches Breaking Point: Agriculture Bears Brunt of Unprecedented Drought

    Kazakhstan’s Agri-Strategic Pivot: A Data-Driven Shift from Wheat to Value-Added Crops

    Kazakhstan’s Agri-Strategic Pivot: A Data-Driven Shift from Wheat to Value-Added Crops

    Pushing the Climate Envelope: Kaliningrad Farmer Targets 15-Ton Watermelon Harvest

    Pushing the Climate Envelope: Kaliningrad Farmer Targets 15-Ton Watermelon Harvest

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    Hungary’s Sour Cherry Crisis: Frost Decimates Harvest While Global Demand Soars

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    Cabbage Compound Breaks Down Dental Plaque by 90% – A Game Changer for Oral Health and Agriculture

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    Winter Warriors: The Cold-Hardy Vegetables That Defy Frozen Soil and Keep Growing

    Tula Region Showcases Agricultural Drones at ‘Future Technologies’ Forum: How UAVs Are Revolutionizing Farming

    Tula Region Showcases Agricultural Drones at ‘Future Technologies’ Forum: How UAVs Are Revolutionizing Farming

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    Breaking Boundaries: Sakhalin Farmer Successfully Grows Watermelons in Russia’s Far North

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Flex, Bosch invest in CropX

by Tatyana Ivanovich
April 29, 2022
in Company
0

Robert Bosch Venture Capital (RBVC) and the Flex technology accelerator Lab IX have invested in CropX, a provider of adaptive irrigation. CropX plans to use the strategic partnerships to accelerate product development and expand market adoption. In tandem, CropX also unveiled a new version of its soil sensors.

CropX’s proprietary science helps farmers better understand water usage across their fields, the company said. Its low-cost soil sensors can increase crop yields while simultaneously cutting water usage by one third, according to the company. In just one irrigation season, CropX sensors were installed on thousands of acres of all major row crops and demonstrated immense value, CropX said.

RBVC, the corporate venture company of the Bosch Group, invested in CropX due to its breakthrough do-it-yourself soil sensor technology, scalable IoT platform, powerful analytics and low-barrier, SaaS business model, the company said.

CropX has also launched a new version of its soil sensors. Farmers can now install the screw-like sensors in less than four minutes, according to the company. Sensors retail for $380, and annual subscriptions, accessible via smartphone, start at $220/sensor.

The company’s Series A financing, which was extended from $9 million to $10 million to accommodate investor interest, is now closed. Leading AgTech investors Finistere Ventures, Innovation Endeavors, GreenSoil Investments and OurCrowd welcomed the addition of RBVC and Flex. The funding will support the company’s continued growth and product development, including advances in nutrition, plant protection, planting and harvesting, CropX said. Jan Westerhues, investment partner at RBVC, will join the board as an observer. In addition, Katharine Gregorio is now advising the company based on her former work with Cargill and The Climate Corporation.

Tags: BoschCropX
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