The company deploys sensors, computers, and displays in farm equipment to provide customers with a rich set of real-time, in-field data on crops, equipment, inputs, and weather conditions. Since 2007, Solinftec has been developing solutions to solve the practical challenges faced by growers in managing their complex farming operations. The company is based in Aracatuba, Brazil and West Lafayette, Indiana, and has more than 700 employees worldwide. Solinftec serves 85% of Brazilian sugarcane growers, the top 5 grains producers in Brazil, and GROWMARK, one of North America’s largest agricultural cooperatives. Solinftec’s digital farm operating system is used to manage more than 27 million acres in Brazil, the United States, and across Latin America, by growers, cooperatives, and agricultural retailers for field crops such as sugarcane, soy, corn, and cotton, and perennial crops such as citrus, coffee, and timber. Additional undisclosed investors are also participating in the round. Lightsmith is joining existing investors in the company, Unbox Capital, which also participated in the round, and Circularis Partners (TPG ART). The investment will enable the company to further expand its digital farm operations platform in North America and South America. Solinftec, one of the world’s largest independent precision agriculture companies, has secured a $60 million growth investment round led by the Lightsmith Group. The investment will help Solinftec expand its digital farm operations platform leveraging real-time data to make farming practices more efficient, sustainable, and resilient to changing weather and climate conditions.
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