Greeneye Technologies, a Tel Aviv, Israel-based AI-enabled precision spraying technology company, raised $20M in funding.
The round was led by Deep Insight with participation from Syngenta Group Ventures, JVP, Orbia Ventures, Eyal Waldman, Iron Nation and Amol Deshpande.
The company intends to use the funds to scale its operation in the U.S., to advance the technology’s analytical capabilities, and to extend its usage to new inputs and crops.
Founded in 2017 and led by CEO Nadav Bocher, Greeneye Technology develops alternative and sustainable solutions to current crop protection practices to meet the global demand for food production while also increasing productivity and profitability for farmers. The company is pioneering the use of precision spraying technology by harnessing AI and deep machine learning to enable intelligent, real-time decisions in the field that are proven to cut chemical use and improve weed control efficacy compared to standard broadcast spraying.
Commenting on the news, Nadav Bocher said: “We are delighted to welcome our new investors, and I would also like to thank our existing partners for their continued support. Together, we will continue to push technological boundaries in order to solve farmers’ critical challenges, overcome environmental challenges, and protect farmland for generations to come.”
FinSMEs
18/04/2024