# SMT Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/smt-labs

- Industry: Biotechnology
- Headquarters: Jerusalem, Israel
- Website: www.smtlabs.co
- Total disclosed funding: $3M
- Latest round: Seed (Mar 1, 2021)
- Investors on record: 6

## About

SMT Labs Ltd focuses on developing innovative mosquito control solutions through the application of advanced technologies such as the sterile insect technique (SIT), aiming to enhance public health by mitigating mosquito-borne diseases.Founded in 2019 in Jerusalem, Israel, SMT Labs Ltd specializes in mosquito control solutions. The company has engaged in 3 notable deals, with its most recent funding round being a Seed round on March 1, 2021, during which it raised USD 3.000 mn led by Trust Ventures, with participation from various investors including Arc Impact and Fresh.fund. Vic Levitin serves as the CEO and is one of the founders alongside Ariel Livne.SMT Labs Ltd offers innovative mosquito control solutions via the sterile insect technique (SIT). Their solutions involve releasing sterile male mosquitoes to drastically lower populations of Aedes aegypti and Aedes albopictus, which transmit diseases like Dengue and Zika. This environmentally friendly approach leverages the mating behavior of female mosquitoes, achieving suppression rates above 90%. By utilizing proprietary optics, computer vision, and automation, SMT Labs makes SIT technology accessible for urban and outdoor environments, primarily targeting markets in North America, Europe, and Southeast Asia.The company generates revenue through partnerships with municipal governments and commercial entities that seek effective mosquito management. Clients typically enter agreements for the integration of SIT technology into existing pest control programs, with payments made for deploying sterile male mosquitoes. This model supports recurring revenue as municipalities often require ongoing pest control services throughout the year, while commercial clients may establish direct purchasing agreements to maintain mosquito-free outdoor spaces without chemical pesticides.The recent funding round of USD 3.000 mn, completed on March 1, 2021, will be directed towards enhancing product development and expansion efforts. SMT Labs Ltd is focused on launching new technologies in the coming year, aiming to penetrate additional markets in Europe and Southeast Asia by late 2023. With the support of its investors, the company plans to scale its operations and improve its service delivery in urban settings significantly, leveraging the latest in SIT technology.

## Funding rounds

- Seed, Mar 1, 2021, $3M — SOSV, IndieBio, Trust Ventures, Sapir Venture Partners, Fresh.fund, Arc Impact
- Seed, May 5, 2020 — SOSV, IndieBio

## Investors

- SOSV (https://capitalatlas.ai/funds/sosv) — Seed
- IndieBio (https://capitalatlas.ai/funds/indiebio) — Seed
- Trust Ventures (https://capitalatlas.ai/funds/trust-ventures) — Seed
- Sapir Venture Partners (https://capitalatlas.ai/funds/sapir-venture-partners) — Seed
- Fresh.fund (https://capitalatlas.ai/funds/fresh-fund) — Seed
- Arc Impact (https://capitalatlas.ai/funds/arc-impact) — Seed