IRRIOT
IRRIOT wireless precision irrigation solutions ensures optimal soil conditions, by intelligently manage the water supply to the intended zone, increase 30% crop yield, reduce 50% water usage, minimize eutrophication and soil erosion.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor investor investor | €0.0 | round |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
* | N/A | Seed | |
| Total Funding | 000k | ||
| SEK | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 160 % | 77 % | 4 % | - |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | (275 %) | (52 %) | (46 %) | (84 %) | (15 %) |
| 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: Company filings or news article
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IRRIOT, founded in 2017, is a Swedish innovation company specializing in wireless intelligent irrigation solutions. The company operates in the smart farming market, addressing the critical issues of water scarcity and the need for increased food production. IRRIOT's core product is a wireless precision irrigation automation platform designed to save 50% of water, increase crop yield by 30%, and reduce labor hours significantly. The platform serves agricultural clients who are looking to optimize water usage and improve crop productivity. By switching from manual to automated irrigation, farmers can achieve substantial savings in both water and labor costs. IRRIOT's business model revolves around selling its irrigation automation systems and providing ongoing support and maintenance services. The company generates revenue through the sale of its hardware and software solutions, as well as through subscription-based services for system monitoring and updates.
Keywords: wireless irrigation, precision farming, water savings, crop yield, labor reduction, smart farming, automation, agriculture technology, IoT, sustainability.