About Viridix
Viridix is a company based in Kfar Saba (Israel) founded in 2016 by Tal Maor, Arik Shitrit, and Mor Yegerman.. Viridix has raised $7.2 million across 3 funding rounds from investors including Israel Innovation Authority and ICI Fund. Viridix offers products and services including Root-Sense, Decision Support System, and I-Dripper. Viridix operates in a competitive market with competitors including xFarm, CropX, Arable, Yard Stick and GroGuru, among others.
- Headquarter Kfar Saba, Israel
- Founders Tal Maor, Arik Shitrit, Mor Yegerman
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Sectors
TechnologyAgriculture Environment
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$7.2 M (USD)
in 3 rounds
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Latest Funding Round
$4.1 M (USD), Series A
Apr 20, 2023
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Investors
Israel Innovation Authority
& 1 more
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Employee Count
Employee Count
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Products & Services of Viridix
Viridix offers a comprehensive portfolio of products and services, including Root-Sense, Decision Support System, and I-Dripper. 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.
Measures water potential in soil for accurate irrigation decisions
Provides alerts and recommendations to optimize farming practices
Supports efficient water delivery in agricultural settings
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Funding Insights of Viridix
Viridix has successfully raised a total of $7.2M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $4.1 million completed in April 2023. 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 3
- Last Round Series A — $4.1M
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First Round
First Round
(31 Oct 2019)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Apr, 2023 | Amount | Series A - Viridix | Valuation |
investors |
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| Jan, 2021 | Amount | Grant - Viridix | Valuation |
investors |
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| Oct, 2019 | Amount | Series A - Viridix | Valuation | ICI Fund |
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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 Viridix
Viridix has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Israel Innovation Authority and ICI Fund. 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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ICI Fund is focused on investing in Israeli AI technologies.
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Founded Year | Domain | Location | |
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Business development in Israel is supported by a government organization.
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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 Viridix
| 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 - Viridix
| 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 |
Viridix Comparisons
Competitors of Viridix
Viridix 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 xFarm, CropX, Arable, Yard Stick and GroGuru, 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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| 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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| domain | founded_year | HQ Location |
Data and analytics are delivered for precision crop management.
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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 Viridix
Frequently Asked Questions about Viridix
When was Viridix founded?
Viridix was founded in 2016 and raised its 1st funding round 3 years after it was founded.
Where is Viridix located?
Viridix is headquartered in Kfar Saba, Israel. It is registered at Kfar Saba, Central District, Israel.
Who is the current CEO of Viridix?
Arik Shitrit is the current CEO of Viridix. They have also founded this company.
Is Viridix a funded company?
Viridix is a funded company, having raised a total of $7.2M across 3 funding rounds to date. The company's 1st funding round was a Series A of $3.1M, raised on Oct 31, 2019.
What does Viridix do?
Viridix was founded in 2016 in Kfar Saba, Israel, as a provider of precision irrigation technologies. Real-time soil moisture sensors and analytics are utilized to supply root-zone data for irrigation decisions. Operations focus on autonomous systems applicable to orchards, vineyards, and greenhouses, enabling water efficiency and productivity optimization in agriculture. The companys domain is viridix.com.
What products or services does Viridix offer?
Viridix offers Root-Sense, Decision Support System, and I-Dripper.
Who are Viridix's investors?
Viridix has 2 investors. Key investors include Israel Innovation Authority, and ICI Fund.
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