Greeneye Technology, a company at the forefront of AI-powered precision spraying technology, has recently completed a $20 million funding round. This investment, led by Israeli investment firm Deep Insight, will be used to expand Greeneye’s operations in the U.S. and enhance the technology’s analytical capabilities. The company aims to broaden its application to new inputs and crops in the next phase of expansion, targeting the 200 million acres of corn, soybean, and cotton grown in the U.S.
Nadav Bocher, CEO of Greeneye Technology, expressed excitement about securing this round of capital in today’s economic climate. The investment serves as validation of Greeneye’s mission to drive mainstream adoption of precision spraying technology in the U.S. and globally. Bocher 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 utilizes 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 U.S. To learn more about Greeneye Technology, visit their website at www.greeneye.ag.
