Itk
Itk is a knowledge integrator committed to developing easy-to-use, efficient and useful decision-making tools that connect scientific research with production agriculture and allied industries to drive value to the company, its stakeholders and custo.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor investor investor investor | €0.0 | round | |
* | N/A | Acquisition | |
| Total Funding | 000k | ||
| EUR | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2023 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | - | (30 %) | (58 %) | 4 % | 401 % | - |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article, Dealroom estimates
Related Content
ITK, an abbreviation for Information Technology in Agriculture, stands as a key player in the agri-intelligence sector. Founded in 2003 by Eric Jallas, a researcher in agronomy at CIRAD, the company leverages scientific research and artificial intelligence to develop decision support tools for the agricultural industry. Based in Montpellier, France, with additional sites in Rennes and San Francisco, ITK aims to address global challenges such as population growth, resource scarcity, and climate change by enhancing the sustainability and performance of agricultural practices.
The company's business model is centered on providing Software-as-a-Service (SaaS) access to predictive indicators and decision-support tools. These tools are designed for farmers, their advisors, and the broader agri-food value chain, helping them optimize technical, economic, and environmental performance. By creating 'virtual twins' of agricultural production systems, ITK's AI platform enables users to improve forecasts, reduce pesticide use, and make more efficient use of inputs like water and fertilizers. Its client base extends globally, with its technology covering over 1 million acres of crops and monitoring more than 350,000 cows.
ITK offers a suite of specialized products. Vintel® is tailored for perennial crops like vines and olives, assisting with real-time field management and irrigation, particularly in the face of climate change. CropWin® focuses on annual crops such as wheat and corn, aiming to maximize profitability and yields by providing accurate forecasts. For the livestock sector, FarmLife® offers smart cattle farming solutions to improve the performance and welfare of both dairy and beef herds through monitoring and risk prevention for issues like heat stress. A significant milestone was the acquisition of a majority stake by the Innoval cooperative group in late 2023, a move intended to enhance the development of services that create value in livestock farming. This followed a €10 million venture round in 2021, with investors including EDF Pulse Croissance and Starquest Capital.
Keywords: AgTech, decision support tools, sustainable agriculture, agronomic modeling, artificial intelligence, IoT in agriculture, crop management, livestock monitoring, Vintel, CropWin, FarmLife, precision agriculture, climate change adaptation, farm management software, predictive analytics, SaaS, water management, yield optimization, agri-intelligence, soil fertility