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Sativus Tech Corp

Vertical Farming
Product stageSegments
Early
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Farm Operators: Hydroponics, Growing System Producers
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Sativus Tech Corp, previously known as Seedo Corp is an Israeli hydroponic-based vertical farming technology company. The company’s vertical farms are based on its technology solution “Seedo,” which is a fully automated, fridge-like container device to grow crops hydroponically, using less space and energy. The device can also be monitored via the Seedo app and has the potential to grow up to five crop varieties, including vegetables, fruits, and herbs. T As of June 2019, the company reported that it is able to manufacture nearly 1,800 vertical farming devices that can be pre-ordered at a price of USD 2,800 per device. The company also conducts vertical farming R&D for high-demand/low-yield crops in the global market. Its subsidiary “Saffron Tech” is one such development, focusing on the growth and distribution of saffron. The company went public in April 2019.

Sativus Tech ships its container device to customers including households across North America, Canada, and Europe. To strengthen the company’s presence further across the US and Europe, it partnered with retail distribution company OutForm in the US (June 2019) and online cannabis retailer Namaste Technologies in Europe.  In December 2021, the company announced that Saffron Tech plans to construct a new state-of-the-art vertical indoor saffron farm in Mavki'in, expanding Seedo Corp’s presence from Central Israel to South Israel. The new facility is expected to be completed in Q12022 with plans to go operational by the end of 2022.  With the new facility, the company plans to execute the third harvest by tripling annual saffron production to produce only around 5 pounds of saffron annually to be served in industries such as culinary, pharmaceutical, and beauty. In July 2022, the company announced that it has grown the highest quality saffron in the current growth cycle based on results from an independent evaluation, which also supports its plans to triple annual saffron production.

In January 2023 , Saffron Tech Ltd raised USD 1.3 million in its crowdfunding campaign, with the contribution coming from 650 new investors to continue its R&D program and execute its market entry.

Vertical Farming

Vertical Farming

Key stats
Featured companies
103
Total funding (USD)
5.7 Bn
Total addressable market (USD)
36.4 Bn
Key competitors
 
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Company profile
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Recent Updates

Funding
Apr 12, 2023
Sativus Tech subsidiary secures USD 1 million grant
Vertical Farming
Funding
Jan 17, 2023
Sativus Tech's subsidiary, Saffron Tech, raises USD 1.3 million in crowdfunding..
Vertical Farming
Product updates
Jul 28, 2022
Sativus Tech Corp successfully grows high quality saffron at its vertical farms
Vertical Farming
Management news
Apr 6, 2022
Sativus Tech Corp appoints new CEO
Vertical Farming
Partnerships
Dec 8, 2021
Seedo Corp builds a new indoor farm to expand vertical production of saffron
Vertical Farming

Company Brief


HQ location:
Hacarmel 2 Yoqne`am `illit ISR
Founded year:
2013
Employees:
1-10
Total Funding:
USD 36.0 million
Last Funding
USD 30.0 million, Aug 2019

Funding


Investors


No investor data is available

Funding data are powered by Crunchbase
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