In Israel, Prospera announced a $15 million Series B funding round led by Qualcomm Ventures, bringing the total investment in the company to $22 million. A digital farming company transforming farm production with end to end digitalization – from agronomy to operations – Prospera will use the new funds to accelerate its global expansion and broaden its services to different crops in both indoor and outdoor environments.
Prospera’s system provides growers easy to use digital tools to achieve better yields, healthier crops and higher profits. Prospera builds long term partnerships with leading growers worldwide, based on delivering tangible value quickly, and at every stage of the growing cycle.
Its digital farming system collects, digitizes, and analyzes vast amounts of farm data and optimizes all aspects of production, from agronomy to labor management. It allows agro-businesses to turn their farms into fully digital plants, with tighter control, higher productivity and more predictable output.