InnerPlant is a pioneering startup with a focus on agriculture, founded in 2018 in the United States. The company's slogan, "We create crops that can communicate their needs," encapsulates its innovative approach, utilizing technology to give plants a voice. By enabling crops to communicate their requirements, InnerPlant's technology allows for efficient and cost-effective monitoring of large-scale crops such as soybeans and corn, as well as individual plant management from field equipment. Through optical signaling, the crops convey their need for more Nitrogen and raise an alarm in the event of attacks by pathogens or insects. This cutting-edge technology offers a new data source for the agricultural ecosystem, with signals detectable from field equipment to satellites in space. The startup's aim is to drive up to 20% higher yields while reducing inputs by over 30%, thereby contributing to a more efficient, resilient, and sustainable future of farming. The latest investment of $300.00K, in the form of a grant investment, was secured by InnerPlant on 14 September 2023 from the United Soybean Board. This infusion of capital is poised to propel the company's innovative agri-tech solutions, underscoring its potential for growth and impact in revolutionizing modern agriculture. InnerPlant's novel approach, backed by strategic partnerships and investment, signifies a dedication to addressing critical challenges in the agricultural industry, positioning it as a startup to watch in the evolving landscape of sustainable farming.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Series B | $30.00M | 5 | Coutts Agro | 25 Jul 2024 |
Grant | $300.00K | 1 | United Soybean Board | 14 Sep 2023 |
Grant | $250.00K | 1 | 11 Jul 2023 | |
Series A | $16.00M | 5 | 19 Sep 2022 | |
Seed Round | Unknown | 4 | 17 Jun 2021 |