Greeneye Technology, a pioneering company in AI-driven precision spraying technology, has recently completed a $20 million funding round. Led by Israeli investment company Deep Insight, the funds will be used to expand Greeneye’s operations in the U.S., enhance its analytical capabilities and apply the technology to new inputs and crops. In the next phase of growth, Greeneye aims to deploy dozens of systems in farmers’ fields targeting the 200 million acres of corn, soybean, and cotton grown in the U.S.
Nadav Bocher, CEO of Greeneye Technology, expressed his excitement about securing this round of capital in today’s challenging economic climate. The investment serves as validation of Greeneye’s mission to drive mainstream adoption of precision spraying technology in the U.S. and worldwide. Bocher thanked the new investors and existing partners for their support and emphasized the company’s commitment to pushing technological boundaries to address farmers’ critical challenges and safeguard farmland for future generations.
Greeneye’s innovative solution employs AI technology and advanced hardware to accurately identify weeds among crops and spray chemicals only where they are needed – directly onto the weeds. In 2022, Greeneye became the first company to commercialize precision spraying technology in the U.S. To learn more about Greeneye Technology, visit their website at www.greeneye.ag