Israeli Ag-Tech Firm BloomX Raises $13 Million for Robotic Pollination Technology
Translated & summarized from Ice by baba
Israeli ag-tech startup BloomX has raised $13 million in a Series A funding round led by Elah Fund, bringing its total funding to $20 million. The company develops robotic pollination technology to address challenges from climate change and declining natural pollinators. The funds will support expansion into new markets like the US and Latin America, and further development for crops such as almonds and blueberries. BloomX's solutions have shown significant yield increases for growers.
The story in 5 lines · by baba
- Israeli ag-tech firm BloomX secured $13 million in Series A funding, led by Elah Fund.
- The company develops robotic and AI-powered pollination technology for agriculture.
- Funds will accelerate growth in Peru, Mexico, South Africa, Israel, and expansion to the US.
- BloomX's pollination solutions have increased crop yields by an average of 20%.
- The company was founded in 2019 and has now raised a total of $20 million.
Israeli ag-tech company BloomX has announced the successful completion of a $13 million Series A funding round. The investment was led by Elah Fund, with participation from Rothschild Fund, Shd'ot Innovation, Tene Fund, OurCrowd, BioBee, Field Crops Grains, Gaza Valley Holdings, Kibbutz Eyal, Horashim, Megel, Kfar Glickson, private investors, and the Israel Innovation Authority. This brings the company's total funding to $20 million since its inception in 2019.
BloomX develops advanced technological platforms for pollination optimization in agriculture, aiming to address the challenges posed by climate change and the decline of natural pollinators. The company's solutions combine robotics and artificial intelligence to manage pollination as a measurable agricultural input, rather than a process dependent on nature. Their technologies include the Robee system for blueberries, which mimics buzz pollination, and the Yahav 2400 system for avocado orchards, utilizing high-voltage electrodes and a bee-like textile for pollen transfer.
The fresh capital will be used to accelerate business growth, deepen operations in key markets including Peru, Mexico, South Africa, and Israel, and prepare for expansion into the United States and other Latin American countries. BloomX also plans to broaden its application to additional crops.
Founded by Taei Sahar (CEO), Avi Keren (CTO), and Ido Senesh (VP of Software Development), BloomX employs 19 people, 15 of whom are based in Reshon LeZion. The company operates on a Pollination-as-a-Service model, providing farmers access to pollination tools without significant capital investment. Their technology has demonstrated an average yield increase of approximately 20% for leading growers, along with improvements in fruit size and quality, offering a rapid return on investment.
Taei Sahar stated that the funding round signifies confidence in their biomimetic technology, which works alongside bees to provide farmers with unprecedented operational and economic certainty. Kalanit Valfer of Elah Fund highlighted that BloomX addresses a critical need for large growers with a dynamic technological solution and that the systems were developed in the field alongside farmers.
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