# InnerPlant

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/innerplant

- Industry: Software
- Headquarters: Davis, US
- Website: www.innerplant.com
- Total disclosed funding: $59M
- Latest round: Series B (Jul 25, 2024)
- Investors on record: 10

## About

Founded in 2018 and based in California, US, InnerPlant, Inc. develops an online platform that transforms plant information into reliable data contributing to its production. The company was founded by its CEO Ms. Shely Aronov alongside its CSO, Rod Kumimoto. In July 2024, InnerPlant, Inc. raised USD 30 million in series B funding led by new investor Coutts Agro, with participation from another new investor SystemiQ. Returning investors Deere & Co and Bison Ventures also participated in the round.

The company's product is a platform that analyzes the plants' status by coding signaling capabilities into plants’ DNA to create fluorescent proteins in leaves when stressed. Its product includes InnerTomato™, a solution that identifies the needs of a plant with regards to pests and nutritional needs using sensor data. The plants will be categorized into different fluorescent colors indicating different problems that include drought, pathogens, and nutrient deficiency helping in the crop risk management and food supply chains.

The company's revenue is generated by selling its online solution to markets such as plant enthusiasts, crop producers, and farms.

The company plans to launch a product called InnerSoy and InnerCotton.

## Funding rounds

- Series B, Jul 25, 2024, $30M — Deere & Co, SystemiQ, Bison Ventures, Coutts Agro Ltd.
- Series A, Sep 15, 2022, $16M — Deere & Co, Bee Partners, UpWest, Gaingels, MS&AD Ventures
- Series A, Sep 15, 2022, $5.2M — Deere & Co, Bee Partners, UpWest, Gaingels, MS&AD Ventures
- Seed, Jun 17, 2021, $5.7M — Bee Partners, UpWest, TAU Ventures, MS&AD Ventures
- Seed, Dec 7, 2018, $2.5M — Bee Partners, UpWest, Stanford-StartX Fund, TAU Ventures

## Investors

- Bee Partners (https://capitalatlas.ai/funds/bee-partners) — Seed, Series A
- UpWest (https://capitalatlas.ai/funds/upwest) — Seed, Series A
- Stanford-StartX Fund — Seed
- TAU Ventures — Seed
- MS&AD Ventures (https://capitalatlas.ai/funds/ms-ad-ventures) — Seed, Series A
- Deere & Co — Series A, Series B
- Gaingels (https://capitalatlas.ai/funds/gaingels) — Series A
- SystemiQ (https://capitalatlas.ai/funds/systemiq) — Series B
- Bison Ventures (https://capitalatlas.ai/funds/bison-ventures) — Series B
- Coutts Agro Ltd. — Series B