xFarm, a Lugano-based startup at the forefront of digitalizing agriculture supporting 340,000 farms daily, has propelled its European expansion with the acquisition and integration of Spain and France-based companies Greenfield Technologies and SpaceSense. These acquisitions transform xfarm into a pan-European leader in the AgTech industry.
xFarm has grown to become a leading player in the digitalization of agriculture. The company offers apps for farm management, connected sensors, support in Digital Transformation projects, algorithms applied to agriculture and training activities for the whole sector. By combining AI technologies with its deep agronomic knowledge, it supports 340,000 farms belonging to an ecosystem of more than a hundred large companies on a total area of four million hectares in more than 100 countries worldwide.
With the addition of Greenfield Technologies and SpaceSense, xFarm has secured access to new technologies and skills to meet the challenges of the agriculture sector. Greenfield Technologies, based in Badajoz, specializes in soil characterization to optimize the management of crops, making them more sustainable and resilient, while SpaceSense is a pioneering company based in Paris that provides climate intelligence services using satellite data and artificial intelligence to help companies and organizations perform better and large-scale sustainability analysis, enabling actions such as carbon monitoring over large areas.
"Through these operations with such top players that are active not only in two countries that are key to agriculture in Europe but also in other areas of the world, we aim to strengthen our position in regenerative agriculture and geospatial AI, reinforcing ourselves at a pan-European level to create new value and make a comprehensive contribution to the global agri-food industry," said Matteo Vanotti, CEO of xFarm Technologies.
The two operations represent a significant acceleration in the international path that xFarm Technologies has been following over the last two years, first with its presence in the Iberian Peninsula, then in France, Germany and Poland. And from now on, this expansion will be supported by the expertise of an even larger, more international, and more specialized team. They will work together to provide xFarm’s customers with new services related to climate intelligence and artificial intelligence-based agronomic support.
“This partnership highlights our complementarity in both solutions and markets… we will strengthen our ability to enhance our solutions, such as agricultural soil characterisation, support for relevant crops of the Mediterranean region like tomatoes, olives, or almonds, and we will advance in implementing regenerative agriculture to benefit our customers and the planet,” said Miguel Córdoba, CEO of Greenfield Technologies.
“…Together, we'll harness data and innovation to fulfil our purpose and accelerate sustainable agriculture, from assessing soil carbon levels to deploying strategies that combat emissions on a planetary scale”, said Jyotsna Budideti, CEO of SpaceSense.
(Press release/RAN)
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