Taranis raises $20 million for its crop-monitoring technology

19.11.2018

Taranis, a precision agriculture intelligence platform, announced the closing of a $20 million Series B round of financing led by Viola Ventures, with participation from existing investors Finistere Ventures, Vertex Ventures, OurCrowd, Eyal Gura and Gal Yarden. The round is also joined by strategic investors – Nutrien, Cavallo Ventures, the venture capital arm of Wilbur-Ellis, and Sumitomo Corporation Europe.

taranis webEarlier this year Taranis completed its second acquisition, procuring Mavrx, to create an aerial imagery platform. The company has raised $30M to date.

With this new round of funding Taranis will continue to enhance its AI-powered solution and high-resolution imagery tools to accelerate its growth in Argentina, Brazil, Russia, the United States and expansion into Australia.
 
Founded in 2015 by Ofir Schlam, Asaf Horvitz, Eli Bukchin and Ayal Karmi to increase food production, Tel-Aviv-based Taranis’ software targets commodity crops such as corn, cotton, wheat, soybean, sugarcane and potatoes. It identifies potential crop issues, including insect damage, nutrient deficiencies and diseases, and provides farmers with magnified, high-resolution images that are detailed enough to (for example) let them see which bugs are eating their plants.
 
Taranis employs over 50 people worldwide and is headquartered in Tel Aviv with subsidiaries in Argentina, Brazil and the U.S.

  

More information:
www.taranis.ag

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