Cannabis Farming Technology Startup Indorz Raises $1.4 Million
Founded by veterans of Israeli military IT unit Mamram and signal intelligence unit 8200, Indorz aims to use data to standardize cannabis farming
Indorz aims to standardize cannabis farming, using sensors and data analytics to automate the farming process in a way that will help growers produce a uniform product for the pharmaceutical industry. The company was founded in 2016 by Hefner and Or Blinder, veterans of Israeli military's information technology (IT) unit Mamram and signal intelligence unit 8200. The latest round brings Indorz’s total funding raised to date to NIS 9.5 million (approximately $2.6 million).
According to Hefner, many patients report a lack of uniformity in cannabis-based medicine and the practice of collecting plant data and making data-based decisions has yet to become an industry standard.
Hefner added that Indorz has its sights on the developing North American market. As part of its strategy, the company partnered with Canadian oil and gas company Zedi Inc., which has agreed to distribute Indorz's system for a percentage of the profits.