ApisProtect, a Cork, Ireland-based company using the Internet of Things (IoT) to monitor honey bee colonies, closed a €1.5m seed financing.
The round was led by Finistere Ventures and Atlantic Bridge Capital, with participation from Radicle Growth, the Yield Lab and Enterprise Ireland.
The company intends to use the funds to accelerate international expansion, opening its first U.S. office at the Western Growers Association’s WG Center for Innovation and Technology in Salinas, California.
Led by by Dr Fiona Edwards Murphy, Dr Pádraig Whelan and Andrew Wood, ApisProtect provides an in-hive sensor network with long-range, cellular and satellite-powered communication to proactively monitor honey bee colonies. Combining the sensor data on hive conditions, health and activity levels with proprietary big data and machine learning techniques, the company gives beekeepers actionable insights and alerts to prevent losses and increase colony productivity.
The company focuses on establishing a presence in North America, South Africa and the United Kingdom, as well as growing its team in Ireland.