Greeneye Technologies, a Tel Aviv-based company specializing in AI-powered precision spraying technology, has secured $20 million in funding. This investment round was led by Deep Insight, with additional participation from Syngenta Group Ventures, JVP, Orbia Ventures, Eyal Waldman, Iron Nation and Amol Deshpande.
With the new funding, Greeneye Technologies plans to expand its operations in the U.S., enhance its technology’s analytical capabilities and broaden its application to new inputs and crops. Since its establishment in 2017 by CEO Nadav Bocher, the company has been dedicated to providing sustainable solutions that meet global food production demands while increasing farmers’ productivity and profitability.
Greeneye Technologies is at the forefront of developing precision spraying technology using AI and deep machine learning to make intelligent decisions in real-time. Its innovative approach has been shown to reduce chemical use and improve weed control efficacy compared to traditional broadcast spraying methods.
In response to the funding news, Nadav Bocher expressed his excitement about welcoming new investors and thanked existing partners for their continued support. He emphasized the company’s commitment to pushing technological boundaries in order to tackle farmers’ critical challenges, protect the environment and secure farmland for future generations.
