In order to launch its collaborative crop monitoring platform, Bidart-based company Hyperplan – which specialises in satellite-based monitoring of agri-food crops – raised nearly 4.1 million euros in January 2023.
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In order to launch its collaborative crop monitoring platform, Bidart-based company Hyperplan – which specialises in satellite-based monitoring of agri-food crops – raised nearly 4.1 million euros in January 2023.
A solution to an alarming situation
Hyperplan, a company based in Bidart and founded in June 2021, is seeking to develop an effective solution to secure the agri-food supply chain. By combining the collection of satellite and weather data, whilst also making greater use of artificial intelligence, this technology enables manufacturers to better anticipate their production and improve their commercial or industrial operational decisions in terms of economic efficiency, reducing carbon emissions and minimising food waste.
Hyperplan analyses these satellite images to determine the area under each crop during the growing season (2–4 months before harvest, depending on the crop), in order to manage the plants’ ripening process and coordinate the progress of the harvest.
The start-up has developed a machine learning algorithm to forecast the volume to be harvested at the local level of the industrial asset, anticipate the risks of overcapacity or undercapacity within the network (harvest points, silos or processing plants), and predict the start dates and duration of the harvest season.
Hyperplan has also implemented a search algorithm to optimise resource allocation according to several anticipated supply scenarios and to maximise the return on operational investments (e.g. maintenance CAPEX) and strategic investments (e.g. network overhaul, creation of a supply chain).
Promising results: heading for Europe?
Led by its three co-founders – Jean-Baptiste Kopecky (CTO), Victor Lamendin (Head of Product) and Ruben Sabah (CEO) – Hyperplan has just completed a €4.1 million funding round. The expected benefits of using the Hyperplan solution include cost savings of between €2 and €4 per tonne of raw agricultural produce collected, a 10–15 per cent reduction in product losses and quality degradation, and the optimisation of investment strategies (notably through the review of industrial networks and the creation of supply chains).
J&A (Thomas SALTIEL, Océane CHRISTMANN and Carla FERRON) advised Demeter, BNP Paribas Développement and Polytechnique Ventures on this transaction.
J&A’s team: Thomas SALTIEL, Océane CHRISTMANN and Carla FERRON.
The company was represented by Harlay Avocats (Thibault Charenton, Anouck Larreya).
