CropX acquires SCIO and targets profitability in 2027

CropX, a digital agronomy company focused on precision agriculture, acquired SCIO, a specialist in near-infrared spectroscopy, in its largest deal to date. The transaction, announced on August 26, 2026, expands CropX’s platform beyond in-season crop management into pre- and post-harvest quality measurement, while the company approaches $20 million in annual recurring revenue and targets profitability in 2027, according to AgFunderNews.

The terms of the acquisition were not disclosed. CropX said its acquisitions are generally financed through a combination of cash, shares and debt.

The transaction is CropX’s eighth acquisition in six years and brings approximately 25 SCIO employees into the company, including teams focused on software, hardware, data science, manufacturing and sales.

SCIO, formerly known as Consumer Physics, has around 10,000 devices deployed worldwide across multiple crops and agricultural applications.

The company’s technology uses near-infrared spectroscopy to measure characteristics such as moisture, protein, oil and sugar content without requiring samples to be sent to a laboratory.

For CropX CEO Tomer Tzach, the acquisition will help connect agronomic recommendations made during the growing season with measurable results at harvest.

“This will be integrated into the CropX platform and once you start using both, the system starts connecting the dots.”

The company expects the combination of field-level agronomic data with crop-quality measurements to create new opportunities for analysis. Establishing direct relationships between farming practices and crop quality can be complex because factors such as weather and soil conditions also influence results.

Tzach said CropX expects those relationships to become clearer as the company accumulates data at scale.

“You can only make the connections when it’s at scale.”

SCIO’s portfolio includes handheld and integrated systems designed for different agricultural uses. Its devices can be used to assess corn and wheat, animal feed, forage, dairy products, cheese, berries and other crops.

One application allows farmers to measure corn moisture and protein before harvest. In berries, the technology can measure Brix, an indicator of sugar concentration that can influence quality and commercial value.

Another element of the deal is the cost and portability of the technology. CropX says SCIO’s devices are significantly less expensive than traditional alternatives and can be deployed directly in the field.

“They [SCIO’s devices] cost probably a fifth of anything else that’s out there.”

Because the devices have no moving parts and can be used outside a laboratory, farmers can collect measurements more frequently. That creates larger datasets that can then feed into CropX’s software and artificial intelligence systems.

CropX is also betting on a hardware-enabled software model. The company already offers soil sensors, telemetry, evapotranspiration technology and weather stations, which it uses to generate proprietary agricultural data.

Tzach said the company sees ownership of the data-collection layer as an advantage because it creates information that competitors relying on public or third-party data may not have.

As artificial intelligence becomes easier to replicate, he argued, proprietary hardware and the unique datasets it generates can become an important competitive barrier.

CropX is currently approaching $20 million in annual recurring revenue, excluding one-time hardware sales. The company says most of its revenue comes from software subscriptions, which provide higher gross margins.

Asked when CropX expects to become profitable, Tzach gave a clear target: 2027.

“I think probably 2027 is a safe bet.”

The company’s expansion has been driven both organically and through acquisitions. According to Tzach, its historical growth has been approximately 50% organic and 50% inorganic.

The acquisition strategy is also designed to create cross-selling opportunities. CropX can offer its digital agronomy platform to customers acquired through SCIO and introduce SCIO’s measurement technology to its existing customer base.

The company plans to integrate SCIO directly into the CropX app, rather than operating it as a separate software platform.

SCIO has a strong enterprise customer base distributed relatively evenly across the United States, Europe and Latin America. CropX's own customer base is approximately 50% in the United States, 25% in Europe and 25% across the rest of the world.

The company does not plan to stop its acquisition strategy. Tzach said CropX continues to evaluate potential targets as it seeks to broaden its technology offering and accelerate growth.

The acquisition of SCIO marks another step in that strategy, taking CropX further from its origins as an irrigation-management company toward a broader digital agronomy platform built around software, hardware, data and AI.

According to AgFunderNews, the SCIO transaction is the latest move in CropX’s consolidation strategy and its largest acquisition since the company began expanding through mergers and acquisitions.