Spherag

About Spherag

Spherag is an agri-technology company founded in 2020 by Jesus I. Ibanez and is headquartered in Zaragoza, Spain. The company provides an end-to-end solution for intelligent water management, targeting farmers, irrigation communities, and urban water management infrastructures. The business model is centered on combining hardware and software. Spherag develops autonomous, solar-powered IoT devices, such as the 'ATLAS', and various sensors that are paired with a cloud-based platform. This integrated system allows for the remote and real-time monitoring, automation, and programming of irrigation systems from any device.

The core service aims to digitize and simplify agricultural water management. The platform provides users with access to real-time data, allows them to schedule tasks, and manage water usage efficiently. It integrates data from soil and crop sensors, weather models, and satellite imaging to offer irrigation and nutrition recommendations. This helps clients increase production, save water and energy, and reduce their carbon footprint. The hardware is designed for easy 'plug-and-play' installation, connecting via mobile networks like NB-IoT to ensure coverage even in remote locations.

Spherag operates on a venture capital-backed, privately held financing status. The company has raised a total of $3 million over one Series A funding round on August 2, 2022. Key investors include Bonsai Partners, BayWa re, and Ship2B Ventures. With a fleet of over 10,000 devices operating in more than thirty countries, the company is actively expanding, notably into the Central European market.