Smart Farming Startup CropX Raises $10 Million, Appoints New President
Agriculture technology startup CropX Inc. has raised a $10 million funding round, reports CTech. The round was participated by Eric Schmidt’s Innovation Endeavors, Tokyo-listed Sumitomo Corp., Australia-based Armada Capital Ltd., San Diego-based agtech fund Finistere Ventures, Chicago-based ag-tech fund Germin8 Ventures, and Israel-based firms TaL Capital, GreenSoil Investments, and equity crowdfunding company OurCrowd Ltd.
CropX also announced it appointed John Vikupitz as president. Vikupitz is the former CEO of the U.S. outpost of Israeli drip-irrigation company Netafim Ltd.