Home Business The Israeli company Taranis raised $40 million

The Israeli company Taranis raised $40 million


Israel-based provider of crop intelligence Taranis today announced the closing of a $40 million Series D funding round. The round was led by Inven Capital with new investors Seraphim Space Investment Trust (SSIT) and Farglory Group, as well as existing investors: Vertex Growth, Viola Ventures, Vertex Ventures Israel, La Maison Partners, Hitachi Ventures, K3 Ventures, UMC Capital. , OurCrowd, Micron Ventures, iAngels Ventures, Presidio Ventures (Sumitomo), Cavallo Ventures (Wilbur Ellis), Finistere Ventures and Eyal Gura. The latest round brought the total raised by Taranis to $100 million.

The Tel Aviv-based company was founded in 2015 by President Ofir Shlam, Assaf Horwitz, Eli Bukchin and Ayal Karmi.

Schlam said: “We see a huge need for crop intelligence at scale as growers deal with rapidly rising costs and the constant need to increase productivity and yield. More than 100 agricultural retailers and consultants share our journey as innovation partners. They rely on Taranis as a critical source of crop status and threat information across millions of acres to drive better results for growers.”

The Taranis Crop Intelligence platform uses leaf-level imagery and is powered by machine learning trained on a crop dataset containing over 200 million AI data points. Last growing season, Taranis provided agricultural consultants and growers with millions of useful insights, enhancing decision-making capabilities, simplifying crop management and improving the bottom line.

Taranis CEO Barr Weinstein said: “I am thrilled with our growth trajectory,” said Taranis CEO Barr Weinstein. “The new funding will allow us to accelerate our 3-year plan, rapidly expand our operations and bring transformative technologies to market faster. We are pleased to welcome our new investors and continue to be grateful to our existing investors for their support. “

Posted by Globes, Israel Business News – en.globes.co.il – 09/07/2022.

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