# Skyx Solutions

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/skyx-solutions

- Industry: Software
- Headquarters: Tel Aviv-Yafo, Israel
- Website: www.skyx.solutions
- Latest round: Seed (Nov 28, 2017)
- Investors on record: 1

## About

Skyx Solutions specializes in precision agricultural technology, offering modular autonomous drones for efficient spraying operations, aimed at reducing chemical usage and operational costs for growers and applicators.Skyx Solutions, established in 2017, is headquartered in Tel Aviv-Yafo, Israel. The company focuses on precision agricultural technology, particularly through its innovative drone solutions. Founded by Eylon Sorek, who has a background in agricultural technology, the company has undertaken one funding round. In November 2017, Skyx Solutions raised an undisclosed amount of Seed funding led by Rimonim Fund.Skyx Solutions specializes in precision agricultural spraying through a fleet of modular autonomous drones designed for both spot spraying and conventional broadcast applications. Their technology, driven by US patent-protected algorithms and system integration, allows users to efficiently manage spraying operations while significantly reducing chemical usage and operational costs. The company's products cater to growers and applicators who seek enhanced standards of accuracy, cost-effectiveness, and safety in agricultural practices. Skyx Solutions' solutions are particularly beneficial in regions requiring sustainable farming methods, enabling clients to optimize their spraying missions based on detailed data regarding terrain, crops, and pesticides. The company has effectively established its client base in various agricultural markets across North America, Europe, and parts of Asia, targeting both large-scale agricultural enterprises and smaller farming operations.Skyx Solutions generates revenue through a dual business model featuring both a spraying-as-a-service model and technology licensing. In the spraying-as-a-service framework, clients pay for the use of the autonomous drone fleet, allowing them to access precision spraying without the need for upfront capital investments in technology. Alternatively, clients can license Skyx Solutions' proprietary technology to manage their own spraying operations, creating a direct-to-consumer revenue stream. Transactions typically involve contractual agreements detailing service terms, including the frequency and extent of spraying services required. The company's flagship offerings are embedded in its core technology, ensuring clients receive comprehensive support in operational planning and execution, thereby enhancing agricultural productivity while minimizing environmental impact.Skyx Solutions plans to design and launch new product offerings aimed at expanding their precision agriculture capabilities. The company is targeting expansion into additional markets in Europe and Asia by the end of 2024. The recent Seed funding raised in November 2017 will be utilized to support these initiatives, enhancing their technology development and market penetration efforts.

## Funding rounds

- Seed, Nov 28, 2017 — Rimonim Venture Capital

## Investors

- Rimonim Venture Capital (https://capitalatlas.ai/funds/rimonim-venture-capital) — Seed