What is Teralytic?
Teralytic operates at the intersection of agriculture and technology, offering a sophisticated soil quality data solution. Their core innovation is a single probe equipped with 26 sensors, capable of delivering real-time insights into crucial soil parameters such as moisture, salinity, and NPK levels. This granular data empowers farmers and agricultural professionals to make informed, data-driven decisions, optimizing crop yields and enhancing overall soil health. By providing an alternative to traditional guesswork, Teralytic's platform facilitates more efficient fertilizer application and irrigation management, contributing to both economic gains and reduced environmental impact through advanced analytics.
How much funding has Teralytic raised?
Teralytic has raised a total of $699K across 2 funding rounds:
Debt
$350K
Debt
$349K
Debt (2020): $350K with participation from PPP
Debt (2021): $349K led by PPP
Key Investors in Teralytic
PPP
Public-Private Partnership
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Teralytic?
With the recent major strategic investment, Teralytic is well-positioned for significant expansion and technological advancement. The substantial capital infusion, part of its $699K in total funding, suggests a strong market validation and confidence in the company's growth trajectory. This backing is expected to fuel further research and development, potentially leading to enhanced sensor capabilities and expanded data analytics features. Teralytic is likely to focus on scaling its operations, increasing market penetration within the agricultural sector, and forging new partnerships to broaden the adoption of its soil health monitoring technology. The company's strategic direction points towards solidifying its position as a leader in precision agriculture.
See full Teralytic company page
