SeeTree, a Fresno, Calif.-based AI-powered, end-to-end service that provides growers with intelligence on trees and tree clusters, raised $30m in Series B funding.
The round was led by the International Finance Corporation (IFC), the private sector arm of the World Bank Group, with participation from Citrosuco, Orbia Ventures, corporate VC of Orbia, Kubota, Hanaco Ventures.
The company intends to use the funds to scale globally, grow the R&D and customer-facing teams and broaden services to cover new crops.
Led by Israel Talpaz, co-founder and CEO, SeeTree offers farmers an end-to-end service to manage and optimize the health and productivity of their trees. The company’s system identifies the health and growth rates of every tree in a farmer’s grove and enables the creation of personalized cultivation plans for each tree or cluster of trees. SeeTree collects ultra high resolution images captured by drones and multi-spectral sensors, tree and soil samples and analyzes the data through the platform’s machine learning algorithms.
With operations in Brazil, the United States, Chile and South Africa and a team of 120 professionals, the company monitors over 50 million trees around the world, which will grow to 1 billion trees by 2023.
FinSMEs
08/12/2020