What is Greeneye Technology?
Founded in 2017 in Tel Aviv, Israel, Greeneye Technology is at the forefront of developing sustainable solutions for crop protection. The company leverages AI and deep machine learning to pioneer precision spraying technology, enabling intelligent, real-time decisions in the field. This advanced approach has demonstrated the capability to reduce chemical usage by up to 90% and significantly improve weed control efficacy compared to traditional broadcast spraying methods. Greeneye Technology's mission is to meet the escalating global demand for food production while simultaneously boosting farmer productivity and profitability. The company's multidisciplinary team comprises experts in computer vision, AI, agronomy, mechanical engineering, and business, many of whom have a long-standing professional relationship dating back to their service in the Israeli special forces.
How much funding has Greeneye Technology raised?
Greeneye Technology has raised a total of $49M across 3 funding rounds:
Angel/Seed
$7M
Unspecified
$22M
Other Financing Round
$20M
Angel/Seed (2020): $7M with participation from One Way Venture, Syngenta Ventures, Hyperplane Venture Capital, 2B Angels, JVP Limited, and Panache Ventures Techstars
Unspecified (2021): $22M led by Jerusalem Venture Partners, Hyperplane Venture Capital, One Way Ventures, KDT, AGCO, and Syngenta Group Ventures
Other Financing Round (2024): $20M supported by Jerusalem Venture Partners, Deep Insight, and Orbia Ventures
Key Investors in Greeneye Technology
Jerusalem Venture Partners
Founded in 1993, JVP is an international venture capital firm specializing in investments in startup companies, focusing on digital media, enterprise software, semiconductors, data storage, and cyber security. JVP is located in Israel.
Syngenta Ventures
Syngenta is a global company focused on creating technologies and farming practices that help farmers increase food production while protecting the environment. Syngenta aims to transform the way crops are grown and protected worldwide.
Hyperplane Venture Capital
Hyperplane Venture Capital is a seed stage firm based in Boston, Massachusetts, partnering with founders harnessing machine intelligence, sensor technology, and cloud computing. Their portfolio spans industries including financial technologies, robotics, digital health, and industrial automation.
What's next for Greeneye Technology?
The recent major strategic investment in Greeneye Technology positions the company for accelerated growth and broader market penetration. With a focus on scaling its AI-driven precision spraying technology, Greeneye is poised to address key challenges in modern agriculture, including the need for reduced chemical dependency and enhanced operational efficiency for farmers. The company's trajectory, marked by consistent capital infusion and technological advancements, suggests a strong emphasis on expanding its commercial reach and further refining its offerings to meet evolving global food production demands. This strategic backing will likely fuel further research and development, solidifying Greeneye's leadership in the precision agriculture sector.
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