Greeneye Technology, a leading AgTech company with a focus in precision agriculture, announced that it closed a seed funding round of $7 million, led by Jerusalem Venture Partners (JVP) and participation from Syngenta Ventures, 2B Angels, One Way venture, Panache Ventures Techstars, and Hyperplane Venture Capital.
The company is based in Tel-Aviv, Israel and was established in 2017. The founders have been working closely as a team since 2004, after serving together in the Israeli Special Air Force Unit. Greeneye provides an alternative and sustainable solution for the current crop protection practice in order to meet the globally growing demand for food, while increasing the profitability and productivity for farmers.
We are thrilled to have JVP an international leading VC fund and Syngenta as a strategic and industry expert investors to help fuel Greeneye’s growth. Both our investors share with us the understanding that the way farmers spray chemicals in agriculture is about to be massively disrupted to a more efficient and sustainable manner.Nadav Bocher, Co-Founder and CEO, Greeneye Technology
Greeneye utilizes artificial intelligence and deep learning technology to revolutionize the pest control process in agriculture, transitioning from the current practice of broadcast and wasteful spraying of pesticides to precise spraying in real-time. Greeneye’s proprietary selective spraying (SPP) system turns every sprayer into a smart machine with seamless integration, and saves up to 90% of the chemical cost.
Greeneye’s technology maps an entire field with cameras at a plant level resolution, offering a robust scouting solution for detecting and killing weeds. Currently, farmers worldwide spray their fields uniformly without distinguishing between crops, soil, and weeds.