Taranis, an AI-powered crop intelligence provider, has raised USD$40 million in Series D funding, bringing Taranis’ total funding to $100 million.
The round was led by Inven Capital, a European climate tech fund, with participation from new investors Seraphim Space Investment Trust (SSIT) and Farglory Group, and backing from 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.
Taranis’ crop intelligence platform leverages leaf-level imagery and is powered by machine learning, trained by crop dataset containing over 200 million AI-data points. In the most recent growing season, Taranis stated it delivered millions of actionable insights to ag advisers and growers.
“The new funding will allow us to accelerate our three-year plan, rapidly expand our operations, and deliver transformative technology to the market faster,” said Bar Veinstein, Taranis’ CEO.
Taranis has offices located in Westfield, Indiana (U.S.), Tel Aviv, Israel, and Campinas, Brazil.
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