Agritech

Israeli agritech company CropX is acquiring startup SCIO, which developed food quality testing technology. The deal is not considered a successful exit, as the acquisition price is estimated to be lower than the 64 million dollars the company raised.

The number of agricultural farms in Israel has dropped by nearly 60% over four decades, while the influx of new farmers remains far below the required level. The industry is undergoing a technological revolution, but labor shortages and uncertainty hinder the next generation's entry.