Israel’s CropX Acquires SCIO in Its Largest Deal to Date

Israel-headquartered agritech company CropX has acquired SCIO, the Israeli-founded developer of portable spectroscopy systems for agriculture and food production, in the largest acquisition completed by CropX to date.

The financial terms of the transaction were not disclosed. It is CropX’s eighth acquisition since 2020 and continues the company’s strategy of combining complementary technologies into a global digital agronomy platform.

SCIO develops portable near-infrared spectroscopy devices that can rapidly measure attributes such as moisture, protein, oil and sugar content in crops and agricultural products. The non-destructive tests can be performed in the field or at other points in the supply chain, reducing the need to send samples to a laboratory.

Its products include handheld instruments, systems designed for grain testing and sensors that can be integrated into agricultural machinery. The company has approximately 10,000 devices deployed worldwide and holds 44 granted patents.

By integrating SCIO’s technology, CropX plans to connect the agronomic recommendations provided during the growing season with the quality and composition of the resulting harvest.

CropX’s existing platform combines information from soil sensors, weather services, satellite imagery, agricultural machinery and agronomic models. The addition of SCIO’s measurements is intended to create a feedback loop in which actual harvest results can improve future recommendations.

“The future of agronomy isn’t just about making recommendations. It’s learning from outcomes,” said CropX CEO Tomer Tzach. He described SCIO as the missing component needed to connect agronomic decisions with measurable crop quality.

SCIO will add a team of approximately 25 employees in software, hardware, data science, manufacturing and sales. Its enterprise customers are distributed across the United States, Europe and Latin America, creating opportunities for CropX to offer its broader platform to SCIO customers while introducing SCIO’s technology to its own international customer base.

CropX, whose headquarters are in Netanya, serves farmers, agribusinesses and food companies in more than 70 countries. Its platform is used across more than 100 crop types to support decisions involving irrigation, nutrition, disease prevention and crop development.

The company is approaching $20 million in annual recurring revenue from subscriptions and expects to become profitable in 2027, according to Tzach. CropX intends to integrate SCIO’s capabilities directly into its platform rather than operating the acquired company as a separate software service.

SCIO was founded in Israel in 2011 under the name Consumer Physics and has raised approximately $64 million. CTech reported that the acquisition price is estimated to be lower than the amount SCIO raised, although neither company disclosed the transaction value.

The acquisition expands CropX beyond managing conditions during cultivation into pre-harvest and post-harvest quality analysis. It also strengthens the company’s position as an international agritech platform built around a combination of software, proprietary sensors, agricultural data and artificial intelligence.

Sources: CropX announcement, AgFunderNews, CTech