About IoT in Agriculture sector in Australia
The IoT in Agriculture sector in Australia comprises 45 companies, including 15 funded companies having collectively raised $33.1M in venture capital money and private equity. Out of these, 7 are Series A+ funded.
IoT in Agriculture sector in Australia has seen 5 acquisitions. This represents almost 11.1% of all such companies - which is higher than the 4.5% exit rate of tech companies in general.
This sector includes companies providing IoT enabled connected devices that help organizations in the agriculture industry.
IoT in Agriculture sector is also known as IoT in Agriculture Solutions, Advanced IoT in Agriculture or Digital IoT in Agriculture.
Companies providing IoT based solutions for agriculture industry such as aquaculture farm monitoring solutions, soil moisture monitoring, precision agriculture equipment, indoor growing system, forest fire monitoring solutions, aquaculture feeding systems, irrigation monitoring, livestock health management solutions are included in this sector. Companies offering non-IoT-based solutions for the agriculture industry. Companies offering services, blogs, news portals, research organizations, learning courses related to IoT in agriculture are excluded.
Top IoT in Agriculture Companies in Australia
There are 45 IoT in Agriculture startups in Australia which include The Yield, FarmBot, Hydrawise, Allflex, Agronomeye. Out of these, 15 startups are funded, with 7 having secured Series A+ funding.
Over the past 10 years, an average of 1 new company has been launched annually.
Here is the list of top IoT in Agriculture startups in Australia
1. The Yield
Developer of SaaS-enabled hardware and full stack system for precision aquaculture. It offers SaaS-enabled sensors that collect and stream data over the network to the cloud which deploys its own developed analytics engine which provides useful data for precision aquaculture through multiple user interfaces.
Key facts about The Yield
- Founded Year: 2014
- Location: Sydney (Australia)
- Stage: Series A
- Total Funding till date: $14M
- Investors: Bosch, Yamaha Motor Ventures and 4 Others
- Latest Funding Round: Series A, May 11, 2020, $*****
- Tracxn Score: 46/100 What is this?
- Competitors Rank: 44 of 1,331 Competitors
2. FarmBot
Provider of cloud-based farm water monitoring system. It monitors and reports farm water ecosystems delivering real-time reporting on water trends, consumption, and alerts. It also provides a rain gauge for automating rainfall entry to make stocking decisions.
Key facts about FarmBot
- Founded Year: 2014
- Location: Sydney (Australia)
- Stage: Series A
- Total Funding till date: $7.82M
- Investors: Telstra, Macdoch Ventures and 6 Others
- Latest Funding Round: Series A, Jun 11, 2024, $*****
- Tracxn Score: 43/100 What is this?
- Competitors Rank: 51 of 2,491 Competitors
3. Hydrawise
Smart Wi-Fi irrigation control for efficient water management and landscape protection. It provides cloud-based software solutions for smart, connected irrigation controllers, empowering homeowners and professionals with intuitive tools for efficient water management. The system utilizes predictive watering, leveraging local weather data for optimal irrigation schedules, saving water and promoting healthy landscapes. Features include remote access, real-time monitoring, and alerts for proactive issue resolution. It offers a mobile app and web interface for convenient control and detailed insights into irrigation system behavior. The software supports various controllers and accessories, ensuring compatibility and comprehensive system management. The company focuses on innovation and environmental responsibility, delivering advanced irrigation technology for a sustainable future.
Key facts about Hydrawise
- Founded Year: 2011
- Location: Melbourne (Australia)
- Stage: Acquired
- Tracxn Score: 42/100 What is this?
- Competitors Rank: 36 of 915 Competitors
4. Allflex
Provider of livestock identification and tracking system. The solution offered by the company includes livestock identification for gathering and managing livestock information, livestock intelligence monitoring solution for monitoring reproduction, health, and nutrition. The company also provides tools and services.
Key facts about Allflex
- Founded Year: 1955
- Location: Redland (Australia)
- Stage: Acquired
- Investors: Periphas Capital and Electra Private Equity
- Tracxn Score: 42/100 What is this?
- Competitors Rank: 7 of 136 Competitors
5. Agronomeye
Provider of an agricultural imagery visualization and analysis platform. It allows the 3D display, visualization, and analysis of farmland resources and maps, for the planning and management of farm activities like irrigation, redevelopment proposals, and financial decisions. It caters to landowners, management companies, and agronomists.
Key facts about Agronomeye
- Founded Year: 2015
- Location: Sydney (Australia)
- Stage: Seed
- Total Funding till date: $3.5M
- Investors: St Aloüarn Investments, business.gov.au and 2 Others
- Latest Funding Round: Grant (prize money), Oct 17, 2023, $*****
- Tracxn Score: 36/100 What is this?
- Competitors Rank: 115 of 1,278 Competitors
Companies founded year-on-year in the IoT in Agriculture sector in Australia
6 IoT in Agriculture startups in Australia were founded in 2017 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | - |
2025 | - |
2024 | - |
2023 | - |
2022 | - |
2021 | 1 |
2020 | 3 |
2019 | 3 |
2018 | 3 |
2017 | 6 |
Stage-wise distribution of IoT in Agriculture sector companies in Australia
Out of the total 45 IoT in Agriculture companies in Australia, 15 have secured funding. Among them, 7 have reached Series A or higher, and 5 to Series B or beyond.
Founded - 45
Funded - 15
Series A+ - 7
Series B+ - 5
Series C+ - 5
Company Stage | No. of companies |
|---|---|
Founded | 45 |
Funded | 15 |
Series A+ | 7 |
Series B+ | 5 |
Series C+ | 5 |
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Funding Trends in the IoT in Agriculture sector in Australia
Total funding year-on-year in the IoT in Agriculture sector in Australia
The IoT in Agriculture sector in Australia saw a total funding of more than $33M in the last 10 years. The most amount of funding was in 2017 at more than $7.64M.
- Total Funding
Year | Total Funding |
|---|---|
2024 | $3.03M |
2023 | $750K |
2022 | $5.5M |
2021 | $4.01M |
2020 | $7.16M |
2019 | $1.7M |
2018 | $3.6K |
2017 | $7.64M |
Recent Funding Rounds in IoT in Agriculture in Australia
In the year 2024, till June 2024, IoT in Agriculture companies in Australia have raised $3.03M in equity funding across 1 round.
In the same period last year (i.e. till May 2023), IoT in Agriculture companies in Australia had raised equity funding across 2 rounds.
Here are some recent, important funding rounds in IoT in Agriculture companies in Australia:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series A | 1215 | Jun 11, 2024 | ||
Seed | 3746 | May 29, 2023 | ||
Seed | 1494 | Jan 27, 2023 | ||
Series A | 5656 | Dec 08, 2022 | ||
Angel | 7629 | Dec 01, 2022 | and 1 more |
Top Investors in IoT in Agriculture in Australia
Artesian is the top investor in IoT in Agriculture companies in Australia based on number of companies invested.
Here are some top investors in IoT in Agriculture companies in Australia:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Sydney (Australia) | ||
Melbourne (Australia) | ||
Orange (Australia) | ||
Canberra (Australia) | Agronomeye and BioScout | |
Hong Kong (China) | - |
M&A activity in IoT in Agriculture sector in Australia
In the year 2021, till July 2021, 1 acquisition happened in IoT in Agriculture sector in Australia.
Here are some recent, important acquisitions in IoT in Agriculture sector in Australia:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Jul 18, 2021 | ||
Acqui-Hired | Sep 03, 2019 | ||
Business Acquisition | Feb 07, 2017 | ||
Business Acquisition | May 11, 2016 | ||
Business Acquisition | May 03, 2013 |
Acquisition trends in IoT in Agriculture sector in Australia
Here are the acquisition trends in IoT in Agriculture sector in Australia:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | - |
2025 | - |
2024 | - |
2023 | - |
2022 | - |
2021 | 1 |
2020 | - |
2019 | 1 |
2018 | - |
2017 | 1 |
Top News in IoT in Agriculture in Australia
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Semtech Announces LoRaWAN® Integration for Smart Paddock’s Smart Cattle Tracking SolutionBusiness Wire•Feb 24, 2022•Semtech, Smart Paddock, LoRa Alliance, PastureMap
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Microsoft and CSIRO partner with Agronomeye for farm digital twinsTechnology Record•Dec 13, 2021•Microsoft, Agronomeye, CSIRO
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