Greeneye Technology, a leading company in AI-enabled precision spraying technology that has been proven to reduce herbicide use in farming by an average of 88%, has recently secured $20 million in funding. This round was led by Israeli investment company Deep Insight and will be used to expand Greeneye’s operations in the U.S. The funding will also be used to enhance the technology’s analytical capabilities and broaden its application to new inputs and crops.
In the next phase of expansion, Greeneye plans to deploy dozens more systems in farmers’ fields targeting the 200 million acres of corn, soybean, and cotton grown in the U.S. CEO Nadav Bocher expressed excitement about securing this round of capital in today’s economic climate, stating that it serves as validation of Greeneye’s mission to drive mainstream adoption of precision spraying technology in the U.S. and globally. 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 protect farmland for future generations.
Greeneye’s innovative solution utilizes AI technology and sophisticated 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 commercially launch precision spraying technology in the U.S., offering farmers a cost-effective way to reduce herbicide use while maintaining crop yields. To learn more about Greeneye Technology, visit their website at www.greeneye