UAE-based AgNext Technologies is making big moves in the global AgriTech space. The company has just secured a strategic investment from the Swiss-based Hashgraph Group, setting the stage for a new era of transparency, quality, and efficiency in the global food supply chain.
This partnership isn’t just about funding — it’s about combining AI innovation with blockchain-backed traceability to tackle some of the biggest challenges in agriculture and food logistics today.
What Does AgNext Do?
Founded with a mission to transform agriculture through technology, AgNext Technologies develops AI-powered food quality assessment tools and blockchain traceability systems. Their technology helps ensure food products meet safety and quality standards — all while cutting down on waste, fraud, and inefficiencies.
Here’s what AgNext is building:
- âś… Instant food quality checks using AI and computer vision
- âś… Blockchain-powered traceability for end-to-end visibility
- âś… Solutions for producers, suppliers, and governments alike
- âś… A strong presence across India, the Middle East, Europe, and the United States
AgNext is already solving real-world problems. From detecting impurities in grains and spices to monitoring quality in dairy and oil products, it’s everywhere. And now it’s ready to scale these solutions globally.
Backed by Major Investors
This latest strategic investment from Hashgraph Group follows AgNext’s $21 million Series A round in 2021, which was led by Alpha Wave Incubation. That fund is backed by DisruptAD, the venture arm of Abu Dhabi’s sovereign wealth fund, ADQ.
That round helped AgNext set up its first international office in Abu Dhabi. In effect, expanding its footprint beyond India and opening doors to the Middle East and beyond.
Now, with support from the Hashgraph Group, the company is taking things to the next level.
Hedera Tech Meets AgriTech Innovation
A key part of the partnership is AgNext’s integration of Hedera’s distributed ledger technology (DLT) into its operations. This powerful tech will help bring transparency and trust to global food supply chains.
Why does this matter?
- The global food system suffers from inefficiencies, fraud, and massive waste — estimated at $230 billion annually, according to the Boston Consulting Group.
- With blockchain-backed traceability, every transaction and quality check can be verified, reducing risk and improving accountability.
- AgNext’s systems also support sustainability goals, helping cut down on food waste and streamline logistics.
A Joint Venture to Drive the Future of Food
As part of the partnership, the two companies are launching a new joint venture in Switzerland. This venture will roll out integrated AgriTech solutions — including smart quality assessment devices powered by Hedera’s blockchain tech — aimed at large-scale adoption in global markets.
Taranjit Bhamra, CEO of AgNext, expressed confidence in the move:
“This partnership strengthens our quality assurance frameworks and enables us to create robust, secure transaction systems for the global food and agriculture sectors.”
On the other side, Stefan Deiss, CEO of Hashgraph Group, shared that the collaboration will bring together AI and blockchain in practical, scalable solutions for the food industry.
What’s Next?
AgNext is positioning itself as a global leader in AgriTech, and this partnership is a major step forward. With cutting-edge tools and strong investor backing, the company is working toward a future where food quality is assured, waste is minimized, and trust in supply chains is the norm, not the exception.
