Solinftec Snags Substantial $$$

May 6, 2022

A Brazillion dollars: Startup company Solinftec, which has headquarters in Brazil and the U.S., has raised $60M in an investment round to expand precision agriculture.

So precise: The company serves farmers and agribusinesses who grow crops ranging from sugarcane, citrus, and coffee to row crops. Its digital platform, ALICE.AI, connects sensors, computers and displays to give growers real-time, in-field crop data, plus information about weather conditions and inputs. 

Solinftec’s goal is to help agriculture be more productive and sustainable with increased yields, fewer wasted inputs (like fuel), and lower negative environmental impacts (like carbon emissions). They also help ag retailers move to digital platforms, which increases productivity and efficiencies while optimizing inputs—both machine and human.

Did someone say carbon? The precision ag system manages more than 27M acres in Brazil, the U.S., and other parts of Latin America—and serves 85% of Brazilian sugarcane growers. With its customers, the company said it’s avoided more than 680K tons of C₀2 emissions between 2016-2021. Show me the carbon credits.

Their money don’t jiggle jiggle, it folds: The money is planned to be used for business expansion in North and South America, and to accelerate the launch of Solix, a robot that gathers even more agronomic data on farms.