CropX is the global leader in real-time, in-soil data collection through its proprietary soil sensor. The sensor offers a unique, patent-pending design that allows for “do-it-yourself” installation, making it easy for farmers to deploy, unlike competitor products that require costly and time-consuming expert installation. The sensor integrates hardware and software with IoT (Internet of Things) connectivity, measuring soil moisture, temperature and electrical conductivity.
CropX’s software integrates additional field data such as location, soil type, topography, and crop variety with remote data such as weather and satellite imaging. The machine-learning based actionable insights to help farmers manage water, fertilizer and pesticide use helping to boost crop yield, save on inputs and enable regulatory compliance.
Key Financial Highlights:
CropX has become the global leader in the number of real-time in-soil datapoints, with almost 9,000 sensor installations globally. The company has quadrupled its sales from 2019 to 2020, and expects to reach $3.6M in revenue in the full year, projecting $9.9M in 2021. The company acquired CropMetrics, partnered with Growers Edge and with FarmAgro and signed a commercial agreement with one of the world’s largest irrigation system manufacturers.
For tax-free investment returns, invest via your Custodian Investment Account. Direct investing via one of our PE partners is also available. For more information, or to reserve your investment allocation, please contact us.
Company website: https://www.CropX.com