Greeneye Technology, a Tel Aviv, Israel-based company developing an artificial intelligence platform to detect and spray weeds in real-time, closed a seed funding round of $7m.
The round was led by JVP, with participation from Syngenta Ventures, and 2B Angels, One Way venture, Panache Ventures Techstars, and Hyperplane Venture Capital. In conjunction with the funding, JVP Partner Michal Drayman, and Managing Director of Syngenta Ventures Shubhang Shankar, joined Greeneye Technology’s board.
The company intends to use the funds to advance product research and development while expanding its strategic partnerships with sprayer manufacturers and other stakeholders.
Founded in 2017 by Nadav Bocher, CEO, Greeneye Technology is developing a platform using artificial intelligence to accurately detect and spray weeds in real-time. Its selective spraying (SSP) system can integrate into any agricultural sprayer, by retrofitting existing sprayers or through working in collaboration with sprayer manufacturers to deliver plant-level variable-rate spraying. In addition to the savings that Greeneye’s precision spraying technology offer to farmers, it also maps the entire field with cameras at a plant level resolution.