Greeneye Technologies, a Tel Aviv-based company that specializes in AI-powered precision spraying technology, has secured $20 million in funding. The funding round was led by Deep Insight, with participation from Syngenta Group Ventures, JVP, Orbia Ventures, Eyal Waldman, Iron Nation, and Amol Deshpande.
With this new funding, Greeneye Technologies plans to expand its operations in the U.S., enhance the technology’s analytical capabilities and introduce it to new inputs and crops. Since its establishment in 2017 by CEO Nadav Bocher, the company has been committed to developing sustainable alternatives to traditional crop protection practices that meet the growing global demand for food production and improve profitability for farmers.
Greeneye Technologies is at the forefront of precision spraying technology, using AI and deep machine learning to make intelligent decisions in real-time. This approach has proven to reduce chemical usage and enhance weed control efficacy when compared to traditional broadcast spraying methods. Bocher expressed his excitement about the new investors and gratitude to existing partners, stating that their collective efforts will continue to drive technological advancements to address farmer challenges and protect farmland for future generations.
Overall, Greeneye Technologies’ innovative approach to precision spraying technology has the potential to revolutionize crop protection practices and promote sustainable agriculture for years to come.