AgroScout, a Misgav, Israel-based AI-based provider of a solution for sustainable crop protection and a portfolio company of The Trendlines Group Ltd. (SGX: 42T) (OTC-QX: TRNLY), raised $3m in funding.
The round was led by Kibbutz Yiron, with participation from Agriline, The Trendlines Group and grants from the Israel Innovation Authority and the BIRD Foundation.
The company intends to use the funds to expand its market reach and broaden its services to customers.
Led by CEO Simcha Shore, AgroScout provides a solution that integrates external data collected by drones (together with AI software, deep learning and computer vision) to accurately and autonomously detect, identify, and monitor diseases, pests, and other agronomic problems in field crops. As the system leverages off-the-shelf low-cost equipment, such as smartphones and small commercial drones, the solution is based solely on user-generated content.
Pilot projects are also under way in Latin America with PepsiCo and its growers. In parallel to its pilot programs, commercials sales have begun in the United States, Latin America and Israel.
AgroScout is a member of Oracle for Startups, Oracle’s initiative to support entrepreneurs and innovators worldwide, and is an early adopter of Oracle Cloud Infrastructure Data Science.