Prospera, a Tel Aviv, Israel-based machine learning agtech company, raised $7m in Series A funding.
The round was led by Bessemer Venture Partners, with participation from a few angel investors and Hishtil.
The company intends to use the funds to bring its AI based solutions to more farmers and ag-businesses worldwide.
Founded in 2014 by Daniel Koppel, CEO, Prospera develops advanced techniques in deep leaning, computer vision and data science to provide farmers with accurate remote agronomy and management solutions featuring in-field cameras and climatic sensors to monitor what is happening to their crops from a leaf by leaf basis to a multi-field multi crop basis, to tackle critical issues of underperforming fields caused by pests, disease, irrigation, nutrient deficiencies and sub-optimal agro-technical activities.
Already operational in medium to large greenhouse farms across Europe, North America, and Israel, the company’s technology is being used by farms that supply some of the largest grocery retailers in Europe and the US, including Walmart, Tesco, Sainsburys, and Aldi.