About IRRIOT
IRRIOT is a company based in Djursholm (Sweden) founded in 2017 by Johan Wendt, Mikhail Soloviev, and Alexander Palin.. IRRIOT has raised $592.52 thousand across 1 funding round from investors including LRF Ventures. IRRIOT offers products and services including Controller, RTU, Cloud and Mobile, and Extension Board. IRRIOT operates in a competitive market with competitors including Rachio, Flora, MTD Products, Robin Autopilot and ETwater, among others.
- Headquarter Djursholm, Sweden
- Founders Johan Wendt, Mikhail Soloviev, Alexander Palin
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Sectors
EnvironmentAgriculture Technology
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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 Irriot Ab
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$592.52 K (USD)
in 1 rounds
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Latest Funding Round
$592.52 K (USD), Seed
Jan 26, 2022
- Investors
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Employee Count
Employee Count
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Products & Services of IRRIOT
IRRIOT offers a comprehensive portfolio of products and services, including Controller, RTU, Cloud and Mobile, and Extension Board. 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.
Manages irrigation schedules and sensors wirelessly for efficient farming.
Solar-powered device operates valves and relays sensor data outdoors reliably.
App for remote irrigation control and monitoring using cloud intelligence.
Enhances controller capabilities for expanded irrigation system functionality.
Funding Insights of IRRIOT
IRRIOT has successfully raised a total of $592.52K through 1 strategic funding round. The most recent funding activity was a Seed round of $592.52 thousand completed in January 2022. 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 — $592,520
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First Round
First Round
(26 Jan 2022)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2022 | Amount | Seed - IRRIOT | Valuation | LRF Ventures |
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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 IRRIOT
IRRIOT has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include LRF Ventures. 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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Long-term investments are made in sustainable agricultural startups.
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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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 IRRIOT
| 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 - IRRIOT
| 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 |
Irriot Comparisons
Competitors of IRRIOT
IRRIOT 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 Rachio, Flora, MTD Products, Robin Autopilot and ETwater, 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 |
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Smart sprinkler controllers and flow meters are provided by Rachio.
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Flora is focused on plant care through technology solutions.
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Manufacturer of robotic lawnmower systems
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Provider of automatic lawnmowers
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Cloud-based IoT devices for smart irrigation are provided.
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Sensors to measure environment around plants
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about IRRIOT
When was IRRIOT founded?
IRRIOT was founded in 2017 and raised its 1st funding round 5 years after it was founded.
Where is IRRIOT located?
IRRIOT is headquartered in Djursholm, Sweden. It is registered at Djursholm, Stockholm County, Sweden.
Who is the current CEO of IRRIOT?
Alexander Palin is the current CEO of IRRIOT. They have also founded this company.
Is IRRIOT a funded company?
IRRIOT is a funded company, having raised a total of $592.52K across 1 funding round to date. The company's 1st funding round was a Seed of $592.52K, raised on Jan 26, 2022.
What does IRRIOT do?
Provider of IoT platform providing smart irrigation solutions. Enables users to manage the dimensioning of water supply to the intended zone for optimal soil conditions. It offers a wireless irrigation controller, wireless valve control station, and cloud-based control monitoring solutions.
Who are the top competitors of IRRIOT?
IRRIOT's top competitors include Rachio, Flora and MTD Products.
What products or services does IRRIOT offer?
IRRIOT offers Controller, RTU, Cloud and Mobile, and Extension Board.
Who are IRRIOT's investors?
IRRIOT has 1 investor. Key investors include LRF Ventures.