Created in 2003, itk is an R&D company with 48 employees, most of whom are young doctors. It links scientific research to agricultural production by designing efficient decision support tools, i.e. by integrating seed, soil, weather and input data into their software. The objective is to accompany their customers towards agro-ecology.
itk is a leader in its expertise, which lies in the mechanistic approach to agronomic modeling. The company has already developed several tools, notably for water monitoring, disease protection and plant nutrition for field crops (corn, wheat, soybean, sorghum) and vines. These solutions already have several thousand users in France and abroad.
The fund raising allows itk to create a subsidiary, itk Orchards. The latter is intended to develop solutions for almond trees, and more broadly for all perennial crops (vines, nuts, etc.). From 2016, itk Orchards will offer a new tool for the first target market: California, the world’s leading almond producer. Eventually, itk Orchards will extend its new platform to conquer producers of nuts, olives and dates.
The investment fund had already invested 350 K€ in this company in 2011, this new capital contribution reaffirms Starquest’s confidence in the Montpellier-based company which has created new jobs and continues to grow in a rapidly expanding market.
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