Israeli agritech startup, InnerPlant, announced it raised $30 million in Series B funding round led by Coutts Agro, a key operator and agricultural investor. The round saw participation from Systemiq Capital, and previous investors including Deere & Company and Bison Ventures. The latest round brings InnerPlant's total funding to over $51 million.
InnerPlant’s technology involves genetically engineering plants to emit distinct optical signals under stress conditions, such as nutrient deficiencies or pest attacks. These signals, detectable even from space, can indicate stress up to three weeks before traditional methods. The startup’s first commercial product, InnerSoy, is currently piloting in Southern Illinois in collaboration with GROWMARK. The program aims to provide early fungal infestation warnings, with plans to expand the technology across the Midwest over the next three years.
