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$26.0m

Series B
Total Funding000k
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More about AgriTask
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Founded in 2010 by serial entrepreneur Israel Fraier and Yuri Magrisso, AgriTask is an ag-tech company originating from Tel Aviv, Israel, that has developed a SaaS Agronomic Intelligence (AgI) platform. The firm operates on a business-to-business model, providing a data-driven intelligence platform designed to enhance decision-making and operational efficiency across the agricultural value chain. Its client base is diverse, encompassing farmers, large-scale food and beverage corporations like Starbucks, Heineken, and General Mills, agricultural insurers such as SCOR, Zurich, and MAPFRE, and governmental organizations.

The core of AgriTask's offering is its flexible platform that integrates disparate agricultural data into a unified system. It can consolidate information from over 70 sources, including satellite and aerial imagery, weather forecasts, in-field sensors, and machinery data from providers like IBM and SAP. This comprehensive data aggregation allows for a holistic view of farming operations. The platform provides tools for precision agriculture, enabling functions like soil fertility management, real-time crop growth monitoring, pest and disease tracking, yield forecasting, and harvest logistics. By leveraging machine learning, the system delivers actionable insights that help clients mitigate risks associated with climate change, optimize supply chains, reduce operational costs, and promote sustainable farming practices.

Financially, AgriTask has demonstrated significant growth, securing a total of $40.5 million over three funding rounds. A major milestone was the $26 million Series B round in February 2022, led by the Liechtenstein Group, with participation from Bridges Israel, Smart Agro Fund, and the InsuResilience Investment Fund. This capital is being used to scale its global sales and marketing operations and to further develop its product offerings. The company is active in over 35 countries, monitoring more than 50 crop types across two million hectares of land. Recently, in a move to better reflect its focus on crop supply intelligence, the company has rebranded to Acclym.

Keywords: Agronomic Intelligence, AgI, precision agriculture, crop supply data, ag-tech, SaaS, farm management software, supply chain optimization, agricultural risk management, sustainable farming, food and beverage sourcing, agricultural insurance, crop monitoring, yield forecasting, data integration, regenerative agriculture, climate resilience, agricultural analytics, food supply chain, digital farming, Israel Fraier, Acclym, remote sensing, agronomic models

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