Fieldin, an end-to-end pest management software using sensors to automatically record field data to make any tractor smart raised $ 4M in new funding. The round was co-lead by Gal Ventures and Germin8 Ventures.
Fieldin operates in the AgPest (Agricultural Pesticide) market and monitors pesticide and sprays used by professional specialty crop farmers. Designed essentially for perennial crops and primarily aimed towards for orchard, grove and vineyard growers.
The startup uses its sensor-based device appended to tractors to provide real-time speed, location, coverage and efficiency logs. It then uses the data to recommend spray methods and routine helping to correct spraying mistakes. The cloud-based software of Fieldin can be used to gain a situational view of pest levels, spray history and hotspots.
One of the key factors that are helping Fieldin gain a leg up over its competitors is the number of ‘sprayed acres’ it has monitored over the past two years (which according to the startup’s own estimate equals 1 million). This has helped the startup create a vast ‘AgPest Dataset’.
There’s been an uptick in the number of AgTech startups using a combination of hardware and software to provide farm data. Farmobile that raised a $ 18.1M Series B in Nov last year also uses a small device called PUC that installs on farm machinery. It then collects data wirelessly and relays to its cloud platform where it uses analytics to help farmers take corrective actions.
Similarly, the Australian startup The Yield raised $ 6.5M Series A funding in April last year where by the startup provides on-farm sensors and hardware with an advanced data analytics platform for farmers to improve crop yield and reduce weather-related uncertainty.
Augury, New York and Haifa, Israel-based platform for mechanical diagnostics of Internet of Things has closed $ 17 million Series B round. It was led by Eclipse Ventures and Munich Re/HSB Ventures. Sound Ventures, First Round Capital, Lerer Hippeau Ventures and Pritzker Group Venture Capital also participated in the round.
The startup plans to use the proceeds to strengthen Original Equipment Manufacturer (OEM) relationships and build strategic partnerships. Augury’s total equity funding has reached 26M in 3 Rounds from 10 Investors.
“This investment perpetuates the commercial application of IIoT technology into what will become an inevitable part of predictive maintenance technology. We are confident that Augury will continue to redefine and lead the future of diagnostics in the Industrial Internet of Things,” said Lior Susan, Managing Partner, Eclipse Ventures.
The company provides solutions which include diagnostics as a service and predictive maintenance. Diagnostics as a service is a “Pay as you go” service subscription service which lets regular maintenance staff perform recording and diagnostics on HVAC and other building machinery.
Industrial IoT startups are scooping a lot of cash from investors. DataRPM, an industrial IoT-focused predictive analytics startup got acquired by Progress for $ 30M and Akua raised $ 3M to secure cargo-based IoT through its predictive analytics technology.