Greeneye Technologies, a cutting-edge company based in Tel Aviv, Israel that specializes in AI-driven 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 financial backing, Greeneye Technologies is poised to expand its operations in the U.S., enhance its 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 dedicated to developing sustainable alternatives to conventional crop protection practices that meet the rising global demand for food production while improving profitability for farmers.
Greeneye Technologies is at the forefront of precision spraying technology and uses AI and deep machine learning to make real-time decisions on the field. This approach has proven to reduce chemical usage and improve weed control efficacy when compared with traditional broadcast spraying methods. Bocher expressed his excitement about the new investors and thanked existing partners for their continued support as they drive technological advancements that address the challenges faced by farmers 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.