logo
logo

Greeneye Technology Raises Funding Round Of $22M, Led By Jvp, To Expand The Commercial Launch Of Its Ai Precision Spraying System

Dec 16, 2021•over 3 years ago
Tel AvivAgriculture And FarmingSustainabilityArtificial IntelligenceOtherData And Analytics

Description

Greeneye Technology, the pioneer of AI-enabled precision spraying technology for agricultural applications, today announces the completion of a $22 million (USD) funding round led by JVP. The round also includes participation from Syngenta Group Ventures, the world's largest manufacturer of crop protection chemicals, Hyperplane Venture Capital and One Way Ventures. They are joined by leading agricultural machinery manufacturer, AGCO, and KDT.

Company Information

Company

Greeneye Technology

Location

Tel Aviv, Tel Aviv District, Israel

About

Greeneye Technology was founded in 2017 in Tel Aviv, Israel, with the mission to develop alternative and sustainable solutions to current crop protection practices to meet the growing 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 by up to 90% and improve weed control efficacy compared to standard broadcast spraying. Its founders have worked together for 15 years since serving in the Israeli special forces and head up a multidisciplinary team with expertise in computer vision, AI, agronomy, mechanic engineering, and business. In October 2021, Greeneye announced the commercial launch of its technology, signalling a major milestone in unlocking mainstream adoption of precision spraying by overcoming previous barriers of efficacy, speed of delivery, and cost. In December 2021, it closed a $22m funding round led by international venture capital firm, JVP, and including investment from agriculture industry leaders, Syngenta and AGCO. For more information see: www.greeneye.ag SOURCE Greeneye Technology