Greeneye Technology, a pioneering company in the field of AI-driven precision spraying technology, has just secured a $20 million funding round. The round was led by Israeli investment firm Deep Insight and will be used to expand Greeneye’s operations in the US, as well as enhance its technology’s analytical capabilities and broaden its application to new inputs and crops.
The CEO of Greeneye Technology, Nadav Bocher, expressed excitement about this latest round of capital in today’s economic climate. According to Bocher, this investment serves as validation of Greeneye’s mission to drive mainstream adoption of precision spraying technology in the US and globally. He thanked the new investors and existing partners for their support and emphasized the company’s commitment to pushing technological boundaries to address farmers’ critical challenges and protect farmland for future generations.
Greeneye’s innovative solution uses advanced AI technology and sophisticated hardware to accurately identify weeds among crops and spray chemicals only where they are needed – directly onto the weeds. In 2022, Greeneye became the first company to commercially launch precision spraying technology in the US. To learn more about Greeneye Technology, visit their website at www.greeneye.ag.