Taranis, a Tel Aviv-based precision agriculture company that uses aerial imagery, field sensors, satellite imagery, weather forecast and data from its field scouting application to predict and prevent crop disease and pest losses, announced that it secured $20 million in capital funds. The funding round was led by Viola Ventures, with participation from existing investors Finistere Ventures, Vertex Ventures, OurCrowd, Eyal Gura (co-founder of Zebra Medical Vision) and Gal Yarden, a prominent biotechnology entrepreneur.
The round was also joined by strategic investors – Nutrien, Cavallo Ventures, the venture capital arm of Wilbur-Ellis, and Sumitomo Corporation Europe. The company has raised $30 million since its founding in 2014.
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Taranis says it plans to use the funds to enhance its AI-powered solution and high-resolution imagery tools and to accelerate its growth in Argentina, Brazil, Russia, the United States and expansion into Australia.
We are excited to advance our mission of providing farmers with the technology and know-how to effectively maximize crop yields while maintaining operational efficiency,” said Taranis CEO and co-founder Ofir Schlamin a statement. “We have already helped thousands of farmers monitor crops for potential hazards. Now we’re looking forward to expanding our footprint around the globe.”