
Instacrops
A full stack platform that integrates a set of technologies for giving real time recommendations for farmers using ML and AI.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor investor investor | €0.0 | round |
N/A | €0.0 Valuation: €0.0 | round | |
investor | €0.0 | round | |
investor | €0.0 | round | |
investor investor investor | €0.0 | round | |
investor investor investor investor | €0.0 | round | |
investor | €0.0 | round | |
* | N/A | Grant | |
Total Funding | 000k |
USD | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|
Revenues | 0000 | 0000 | 0000 | 0000 | 0000 |
% growth | - | - | 56 % | 15 % | 7 % |
EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 |
Profit | 0000 | 0000 | 0000 | 0000 | 0000 |
EV | 0000 | 0000 | 0000 | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Instacrops is an agricultural technology firm that provides a full-stack platform designed to enhance farming efficiency and crop yields. Founded in 2014 by electronics engineer Mario Bustamante and his partner Jorge Vega Aravena, the company originated from a desire to address significant crop losses due to late frosts in Chile. Bustamante, inspired by his agronomist girlfriend, developed a hardware solution to anticipate these weather events, which proved successful during a major frost in 2013. This initial success led to the formal establishment of the company, which has since expanded its operations across Latin America, including Mexico and Colombia.
The company serves commercial farmers and agribusinesses by offering a data-driven approach to agriculture. Its business model is primarily subscription-based, providing clients with access to its integrated platform. This platform aggregates data from a variety of sources, including proprietary plug-and-play IoT sensors that monitor over 80 parameters such as soil moisture, climate, and irrigation systems. This information is combined with satellite and drone imagery to deliver real-time, actionable recommendations directly to farmers via a mobile application. By leveraging machine learning and AI, Instacrops delivers predictive analytics for weather events, pest and disease outbreaks, and offers guidance on optimizing water and fertilizer use.
The product suite includes several specialized modules. InstaFrost provides frost alerts, InstaWeather offers detailed agroclimatic data, and InstaSoil helps manage irrigation to conserve water. Other services like InstaFlow, InstaWell, and SkyCrops allow for remote control of irrigation systems, well monitoring, and high-resolution crop analysis through drone and satellite imagery. The core of the offering is the virtual advisor, which synthesizes all collected data to simplify complex decisions for the farmer. The company has received backing from notable investors, including Y Combinator, Genesis Ventures, and SVG Ventures, and has completed multiple funding rounds to fuel its technological development and market expansion, with stated goals of entering the U.S. and European markets.
Keywords: agricultural technology, precision agriculture, crop yield analytics, IoT sensors, farm management, data-driven farming, Mario Bustamante, Latin America AgTech, irrigation optimization, pest detection, disease prediction, satellite imagery, drone data, soil monitoring, climate monitoring, virtual farm advisor, AgTech SaaS, sustainable agriculture, water conservation, crop health