Greeneye Technology Overview
Greeneye Technology provides a sustainable crop-protection solution with the aim of meeting the globally growing demand for food while increasing profitability and productivity for farmers. Greeneye utilizes artificial intelligence and deep-learning technology to transition from the practice of broadcast and wasteful spraying of pesticides to precise spraying in real time. The company's proprietary Selective Spraying System turns every sprayer into a smart machine, enabling farmers to spray only weeds and save on chemical costs. In addition, the Greeneye solution captures and analyzes sub-millimeter images from the field, providing farmers with deep insights into their crops.
Cumulative Funding Raised Over Time ($)
$20.0MApr 2024
$42.0MDec 2021
$42.0MJan 2023
$42.1MMay 2018
$49.1MMay 2020
Latest News
growth-positive
Most promising Israeli startups: 3 agtech companies to watch in 2024 | CTech
Bluewhite, Greeneye, and Gigablue are among the top-ranked agtech companies in Israel. Bluewhite has developed an autonomous robotic solution for diverse agricultural tasks, and recently raised $39 million in funding. Greeneye has developed a system that combines hardware and software to reduce herbicide use in farming by 88%. Gigablue focuses on large-scale carbon capture and removal, collaborating with merchant fleets, governments, and major corporations.
CustomersInvestmentExpand
growth-positive
AI precision spraying startup Greeneye Technology raises $20 million | CTech
Greeneye Technology, a company that develops AI-enabled precision spraying technology, has raised $20 million in a funding round led by Israeli investment company Deep Insight. The funds will be used to scale Greeneyes operations in the U.S. and to advance the technologys analytical capabilities. The companys solution, which uses AI and cutting-edge hardware to identify weeds among crops and spray chemicals only where needed, has been proven to reduce herbicide use in farming by 88%.
InvestmentExpand
growth-positive
Greeneye Technology Precision Spraying System and FBN® Announce Strategic Collaboration: FBN to Invest in Greeneye and Partner as a Sales Channel to Fuel US Growth
Farmers Business Network (FBN) has entered into a long-term strategic collaboration agreement with Greeneye Technology to help farmers reduce weed control costs and drive profitability. FBN will offer customized crop protection and nutrition plans, developed specifically for use with Greeneyes precision spraying systems, along with financing options. FBN has also made a significant investment in Greeneyes current funding round to fuel the companys growth and expansion. The partnership aims to combine precision spraying with intelligent input crop protection and commerce. The collaboration opens up a new sales channel for Greeneye and is expected to accelerate its leadership in the U.S. precision spraying market. The Greeneye system utilizes AI technology to reduce chemical use and increase productivity for farmers.
PartnersInvestment
growth-positive
NuWay-K&H Cooperative Invests in Greeneye Technology System to Unlock Benefits of Precision Spraying for Members and Enable Greater Collaboration with Sustainability Partners
NuWay-K&H Cooperative has purchased the Greeneye Technology precision spraying system to offer selective spraying-as-a-service to its farmer members in Southern Minnesota and Northern Iowa. The system utilizes AI to differentiate between crops and weeds in real time and spray herbicide only where needed. This will help reduce herbicide use, improve weed management programs, increase crop yields, and support sustainability initiatives. The cooperative aims to meet the needs of major food brands looking to partner with sustainable producers. The Greeneye system offers advantages such as high spraying resolution, seamless integration with existing sprayers, green-on-green capabilities, and the ability to collect high-resolution field data. The cooperative believes that the system will enable farmers to pivot to more sustainable production while controlling weeds and costs. Greeneye Technology received a $22 million funding round led by JVP and received investment from Syngenta and AGCO.
PartnersCustomers
growth-positive
Greeneye Precision Spraying System Reduces Non-Residual Herbicide Use by 87% While Delivering Same Efficacy As Broadcast Spraying, UNL Trial Finds
Greeneye Technology announces the results of a field trial that demonstrates the effectiveness of its AI precision spraying system in reducing herbicide use and costs for farmers. The trial conducted by the University of Nebraska-Lincolns Agricultural Research Division showed an 87% reduction in herbicide use in post-emergence applications, resulting in a cost saving of over 60%. The Greeneye system achieved similar levels of efficacy compared to broadcast spraying. The company plans to increase availability of its precision spraying system in more states in 2023 and launch its technology in South America in partnership with Bom Futuro and Natter. Greeneye Technology closed a $22 million funding round led by JVP, KDT, and received investment from Syngenta and AGCO. The commercial launch of its technology in North America marks a milestone in mainstream adoption of precision spraying.
Customers
| Sector | Agriculture & Food Technologies |
Funding
| Total funding | $50.03M |
| Last funding | $20M |
| Stage | A |
| Rounds | 8 |
| Investors | 15 |
Team Members
10
Employees: 11-50
Web & Social Links
| Website | greeneye.ag/ |
| Careers | Careers page |
Locations
Shoken Street 13, Tel Aviv-Yafo, Israel
Photos & Videos
3 item(s)
Greeneye Technology Business
Business models
B2B
Product stage
Released
Employees
11-50
Sector
Agriculture & Food TechnologiesAg TechFarm Equipment & TreatmentClimate TechFood & Land UseSustainable FarmingTarget Customer
Agriculture & FoodCropsCore Technology
Artificial IntelligenceDeep LearningMachinery & RoboticsProcessing MachineryTags (14)
cropsclimate-techartificial-intelligenceherbicidesdata-analyticsmachine-visionagricultureplant-protectionagtechdronessmart-farmingmachine-learningfarmersdeep-learningGeographic Markets
United StatesGlobalGreeneye Technology Financials
$50.03M
Total funding
Undisclosed
Capital raised
$20M
Last funding
A
Funding stage
8
Total rounds
15
Investors
Cumulative Funding Raised Over Time ($)
$20.0MApr 2024
$42.0MDec 2021
$42.0MJan 2023
$42.1MMay 2018
$49.1MMay 2020
Private Equity Funding
A Round
Apr 2024
$20M
Deep Insight (Lead)
,
Iron Nation, Syngenta Group Ventures, Orbia Ventures, Eyal Waldman, Amol Deshpande, JVP
Undisclosed Round
Jan 2023
Undisclosed
Farmers Business Network (FBN) (Lead)
A Round
Dec 2021
$22M
JVP (Lead)
,
Hyperplane Venture Capital, Syngenta Group Ventures, Koch Disruptive Technologies, One Way Ventures
Seed
May 2020
$7M
JVP (Lead)
,
Panache Ventures, Hyperplane Venture Capital, Syngenta Group Ventures, 2B.VC, One Way Ventures, Techstars Accelerator
Pre-Seed
May 2018
$138.89K
Mata
Non-Equity Funding
GrantEvent
Jan 2024
Undisclosed
Iron Nation
GrantEvent
Feb 2018
$390K
CIIRDF
GrantEvent
Dec 2016
$500K
Israel Innovation Authority
Greeneye Technology Lifecycle
Cumulative Funding Raised Over Time
$20.0MApr 2024
$42.0MDec 2021
$42.0MJan 2023
$42.1MMay 2018
$49.1MMay 2020
All Events
A Round
Apr 2024
$20M
Deep Insight (Lead)
,
Iron Nation, Syngenta Group Ventures, Orbia Ventures, Eyal Waldman, Amol Deshpande, JVP
Undisclosed Round
Jan 2023
Undisclosed
Farmers Business Network (FBN) (Lead)
A Round
Dec 2021
$22M
JVP (Lead)
,
Hyperplane Venture Capital, Syngenta Group Ventures, Koch Disruptive Technologies, One Way Ventures
Seed
May 2020
$7M
JVP (Lead)
,
Panache Ventures, Hyperplane Venture Capital, Syngenta Group Ventures, 2B.VC, One Way Ventures, Techstars Accelerator
Pre-Seed
May 2018
$138.89K
Mata
GrantEvent
Jan 2024
Undisclosed
Iron Nation
GrantEvent
Feb 2018
$390K
CIIRDF
GrantEvent
Dec 2016
$500K
Israel Innovation Authority
Greeneye Technology News
12 articles
growth-positive
Most promising Israeli startups: 3 agtech companies to watch in 2024 | CTech
Bluewhite, Greeneye, and Gigablue are among the top-ranked agtech companies in Israel. Bluewhite has developed an autonomous robotic solution for diverse agricultural tasks, and recently raised $39 million in funding. Greeneye has developed a system that combines hardware and software to reduce herbicide use in farming by 88%. Gigablue focuses on large-scale carbon capture and removal, collaborating with merchant fleets, governments, and major corporations.
CustomersInvestmentExpand
growth-positive
AI precision spraying startup Greeneye Technology raises $20 million | CTech
Greeneye Technology, a company that develops AI-enabled precision spraying technology, has raised $20 million in a funding round led by Israeli investment company Deep Insight. The funds will be used to scale Greeneyes operations in the U.S. and to advance the technologys analytical capabilities. The companys solution, which uses AI and cutting-edge hardware to identify weeds among crops and spray chemicals only where needed, has been proven to reduce herbicide use in farming by 88%.
InvestmentExpand
growth-positive
Greeneye Technology Precision Spraying System and FBN® Announce Strategic Collaboration: FBN to Invest in Greeneye and Partner as a Sales Channel to Fuel US Growth
Farmers Business Network (FBN) has entered into a long-term strategic collaboration agreement with Greeneye Technology to help farmers reduce weed control costs and drive profitability. FBN will offer customized crop protection and nutrition plans, developed specifically for use with Greeneyes precision spraying systems, along with financing options. FBN has also made a significant investment in Greeneyes current funding round to fuel the companys growth and expansion. The partnership aims to combine precision spraying with intelligent input crop protection and commerce. The collaboration opens up a new sales channel for Greeneye and is expected to accelerate its leadership in the U.S. precision spraying market. The Greeneye system utilizes AI technology to reduce chemical use and increase productivity for farmers.
PartnersInvestment
growth-positive
NuWay-K&H Cooperative Invests in Greeneye Technology System to Unlock Benefits of Precision Spraying for Members and Enable Greater Collaboration with Sustainability Partners
NuWay-K&H Cooperative has purchased the Greeneye Technology precision spraying system to offer selective spraying-as-a-service to its farmer members in Southern Minnesota and Northern Iowa. The system utilizes AI to differentiate between crops and weeds in real time and spray herbicide only where needed. This will help reduce herbicide use, improve weed management programs, increase crop yields, and support sustainability initiatives. The cooperative aims to meet the needs of major food brands looking to partner with sustainable producers. The Greeneye system offers advantages such as high spraying resolution, seamless integration with existing sprayers, green-on-green capabilities, and the ability to collect high-resolution field data. The cooperative believes that the system will enable farmers to pivot to more sustainable production while controlling weeds and costs. Greeneye Technology received a $22 million funding round led by JVP and received investment from Syngenta and AGCO.
PartnersCustomers
growth-positive
Greeneye Precision Spraying System Reduces Non-Residual Herbicide Use by 87% While Delivering Same Efficacy As Broadcast Spraying, UNL Trial Finds
Greeneye Technology announces the results of a field trial that demonstrates the effectiveness of its AI precision spraying system in reducing herbicide use and costs for farmers. The trial conducted by the University of Nebraska-Lincolns Agricultural Research Division showed an 87% reduction in herbicide use in post-emergence applications, resulting in a cost saving of over 60%. The Greeneye system achieved similar levels of efficacy compared to broadcast spraying. The company plans to increase availability of its precision spraying system in more states in 2023 and launch its technology in South America in partnership with Bom Futuro and Natter. Greeneye Technology closed a $22 million funding round led by JVP, KDT, and received investment from Syngenta and AGCO. The commercial launch of its technology in North America marks a milestone in mainstream adoption of precision spraying.
Customers
growth-positive
Greeneye raises $22 million for AI crop protection
Greeneye Technology, an Israeli startup that utilizes AI and deep learning technology for precision spraying in agriculture, has completed a $22 million funding round. The funding round was led by JVP and included participation from Syngenta Group Ventures, Hyperplane Venture Capital, One Way Ventures, AGCO, and KDT. Greeneye plans to use the investment to support its commercial launch in the U.S. in 2022, expand across North America in 2023, double the size of its R&D team in Israel, and grow its sales and operations team in the U.S. The company aims to reduce herbicide and chemical usage in agriculture by up to 90% through its AI-based selective spraying system. Greeneye has already secured dozens of contracts with farmers in the Midwest.
InvestmentExpand
growth-positive
Greeneye Technology secures its first commercial sale of AI-enabled precision spraying technology
Greeneye Technology has sold its AI-enabled precision spraying technology to a farming operation in Israel, marking the first stage of its global rollout. The technology has been proven to reduce herbicide use by 78% and cut costs by over 50%. Greeneye plans to launch in the U.S. market in early 2022, starting with corn and soybean farmers in the Midwest. The company has already received significant interest from farmers in the U.S. The precision spraying system integrates with existing sprayers, eliminating the need for farmers to invest in new machines. Greeneyes solution aims to address the challenges posed by herbicide-resistant weeds, chemical drift, and soil and water contamination. The company is backed by Syngenta and is developing the next generation of its technology to spray other chemicals and provide valuable insights to farmers.
CustomersExpand
growth-positive
Greeneye Technology completed a series of field trials of its precision spraying technology and starts enrolling US farmers for the upcoming launch in 2022
Greeneye Technology, a precision agriculture company, has successfully concluded field trials for its precision spraying system. The trials demonstrated over 95% accuracy and an 80% reduction in herbicides compared to standard spraying methods. The company expects to announce strategic collaborations with multinational stakeholders and plans to commercially deploy the second generation of its system in the summer of 2021. The system will be available for farmers in the US in the 2022 season. Greeneye Technology is backed by investors including JVP and Syngenta venture.
PartnersExpand
growth-positive
Companies move forward on removing weeds selectively with chemicals
Greeneye Technology, an Israeli startup, is developing precision spraying technology that aims to reduce chemical usage while increasing productivity and profitability for farmers. The company uses artificial intelligence and deep learning to distinguish weeds from crops and provide real-time decisions on where to spray and where not to spray. Syngenta Ventures has invested in Greeneyes technology, seeing it as complementary to their weed control business. The goal is to move away from charging for chemicals by volume to charging for an outcome. Greeneyes technology also enables the use of more effective herbicides that can control resistant weeds. The company aims to have its system commercially available in 2022.
InvestmentPartners
growth-positive
Syngenta invests in $7m seed round for Israeli autonomous chemical reduction tech Greeneye - AFN
Israeli startup Greeneye Technology has raised $7 million in a seed funding round led by Jerusalem Venture Partners (JVP). The company is developing an AI platform to help farmers detect and spray weeds in real-time, reducing herbicide usage by 65-92%. The funding round also saw participation from Syngenta Ventures, the venture arm of agri-chemicals giant Syngenta. The technology is seen as a way to cannibalize Syngentas traditional business model while embracing more sustainable paths to bio-control for crops. Other investors in the round include 2B Angels, One Way Ventures, Panache Ventures, Techstars, and Hyperplane Venture Capital. Greeneyes system will be retrofitted to existing sprayers or manufactured in collaboration with sprayer manufacturers.
Investment
growth-positive
Greeneye Technology, Announces $7 Million Seed Funding Round Led by JVP
Greeneye Technology, a company developing an AI platform for weed detection and spraying, has closed a seed funding round of $7 million. The funding round was led by JVP and included participation from Syngenta Ventures, among other major investors. Greeneye plans to use the investment to advance product research and development, expand strategic partnerships with sprayer manufacturers, and commercialize its technology after field trials with farmers. The companys technology reduces herbicide usage by 65-92% and offers precise and targeted spraying in real-time. Greeneyes selective spraying system can integrate into any agricultural sprayer and provides a robust and affordable scouting solution. The company aims to revolutionize the agricultural industry by reducing pollutants and hazardous use of pesticides.
InvestmentPartnersExpand
growth-positive
BGU To Hold First SilicoNegev Entrepreneurship Event
Ben-Gurion University of the Negev (BGU) is hosting the SilicoNegevBGU festival, an entrepreneurship and financing day for young companies. The festival includes a startup competition for tech startups focused on the Negev region. The winner of the competition will receive an investment of up to 500,000 NIS ($138,845) from the Mata Foundation for Development and Growth. The event aims to strengthen the Negev on national and international levels and promote entrepreneurship in the south of Israel. Last years winner was Consis Medical, a company developing an innovative colonoscopy device. The festival features speakers from various companies and organizations.
PartnersInvestment
Greeneye Technology Team
Itzhak Khait
Co-founder & CPO
Founder
Alon Klein Orback
Co-founder & CTO
Founder
Employee Info
| Employees (range) | 11-50 |
| Exact count | 44 |
| Team members | 10 |
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Admin Info
| Confidence | 100/100 |
| Missing | markets |
| BI Verification | Jenny Sotnik-Talisman |
| Registrar ID | 515183234 |
| Crunchbase | green-eye-technology |
| Phone | +972732900915 |
| Last updater | Ortal Wein |
| Updater email | ortalw@sncentral.org |
| Last update | 2023-09-05T00:00:00.000Z |
| Created | 2018-05-21T00:00:00.000Z |
| Claimed | Yes |