About Altrac
Altrac is a company based in Castro Valley (United States) founded in 2015 by Neil Schultz and Heath Westbrook was acquired by Semios in June 2021.. Altrac has raised $1 million across 1 funding round from investors including Semios. The company has 10 employees as of December 31, 2021. Altrac offers products and services including Wind Machine Station, Pump Station, Valve Station, and Semios Frost Management. Altrac operates in a competitive market with competitors including Semios, xFarm, CropX, Arable and Yard Stick, among others.
- Headquarter Castro Valley, United States
- Employees 10 as on 31 Dec, 2021
- Founders Neil Schultz, Heath Westbrook
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Sectors
EnvironmentTechnology Agriculture
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Email
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Phone
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Website
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Social
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- Legal Name Altrac
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Products & Services of Altrac
Altrac offers a comprehensive portfolio of products and services, including Wind Machine Station, Pump Station, Valve Station, and Semios Frost Management. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Software for remote monitoring and control of wind machines
Software to monitor and control pump equipment remotely
Software for remote irrigation system control and water usage tracking
Software integrating frost management tools for agricultural protection
Funding Insights of Altrac
Altrac has successfully raised a total of $1M through 1 strategic funding round. The most recent funding activity was a Seed round of $1 million completed in June 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $1.0M
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First Round
First Round
(09 Jun 2020)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2020 | Amount | Seed - Altrac | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Altrac
Altrac has secured backing from 1 investor. Prominent investors backing the company include Semios. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Data and analytics are delivered for precision crop management.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Altrac
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Altrac
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Altrac Comparisons
Competitors of Altrac
Altrac operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Semios, xFarm, CropX, Arable and Yard Stick, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Data and analytics are delivered for precision crop management.
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| domain | founded_year | HQ Location |
Farm management solutions are delivered via an IoT-sensor platform.
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| domain | founded_year | HQ Location |
Provider of wireless sensors for soil moisture monitoring
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| domain | founded_year | HQ Location |
IoT-based farm monitoring and crop management solutions are provided.
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| domain | founded_year | HQ Location |
Platform offering solution to measures soil carbon
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| domain | founded_year | HQ Location |
Cloud-based soil moisture monitoring systems are provided for farms.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Altrac
Frequently Asked Questions about Altrac
When was Altrac founded?
Altrac was founded in 2015 and raised its 1st funding round 5 years after it was founded.
Where is Altrac located?
Altrac is headquartered in Castro Valley, United States. It is registered at Castro Valley, California, United States.
Is Altrac a funded company?
Altrac is a funded company, having raised a total of $1M across 1 funding round to date. The company's 1st funding round was a Seed of $1M, raised on Jun 09, 2020.
How many employees does Altrac have?
As of Dec 31, 2021, the latest employee count at Altrac is 10.
What does Altrac do?
Altrac provides solutions for soil moisture monitoring. It provides sensors to monitor soil moisture levels and irrigation lines in real-time. It also provides sensors solutions for the pump station and wind machine.
What products or services does Altrac offer?
Altrac offers Wind Machine Station, Pump Station, Valve Station, and Semios Frost Management.
Who are Altrac's investors?
Altrac has 1 investor. Key investors include Semios.
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