The Economist Highlights Taranis, Making Desert Bloom
In an article describing Israeli agtech venture investment, the Economist highlights Taranis and Ofir Schlam. From the article:
Four years ago, Mr Schlam co-founded Taranis, a company that uses high-resolution imagery from drones, planes and satellites to diagnose problems in the field—among them bollworms, diseases, dryness and nutrient deficiencies. Investors are joining the effort: in November, Taranis raised $20m.
Faced with unfriendly neighbours and an arid climate, Israel has had to innovate to survive. Taranis is the poster child of its stunning rise in agritech. Over 500 companies operate in the field, nearly twice as many as in the better-known cyber-security sector. A third of them did not exist five years ago. Israeli agritech firms attracted $171m in equity investment in 2017, according to Start-Up Nation Central, a non-profit organisation, considerably more than those in bigger farming countries, such as Australia and Brazil.