Stenon

Based in Berlin, Stenon provides real-time soil analysis through its proprietary software/platform. The company’s solution integrates sensor technology and touchscreen displays into a probe-like device, which is inserted into the ground to generate real-time soil data, such as soil type, texture, soil temperature, and types of nutrients available. The data supports farmers in making decisions regarding cultivation and improving yield, crop quality, and soil health. The company’s technology is patented, certified in Europe, and serves customers across 20 countries, primarily across Europe as of December 2021.

Stenon’s real-time soil analysis solution follows a Software-as-a-Service business model while the related hardware is sold outright or on a rental basis to its customers.

According to Stenon, its real-time soil analysis solution eliminates the need for physical laboratories, allowing quick decision-making for farmers on-site. The company aims for its real-time soil analysis solution to become the standard, replacing the role of physical laboratories.

To do so, the company also entered into a product development partnership with CNH Industrials to develop “XLab”, a software that can analyze soil within seconds, without any extraction (November 2019). Stenon claims that XLab will help farmers in reducing costs by up to 78%. The solution was made available to CNH Industrial’s brand “AGXTEND” dealers from March 2020.   

Funding and financials

In February 2024, The company has raised more than EUR 25 million (~USD 27.5 million) to market Stenon FarmLab, a soil analysis device which claims to has a battery life of more than eight hours and also includes a GPS module for identifying the location of each soil test.

In December 2021 , Stenon raised USD 20 million in a Series A funding round led by Founders Capital and the David Friedman-owned The Production Board. The use of funds was not disclosed.