Agtech Intelligence Company Taranis Raises $30 Million Series C
Taranis’ system analyzes ultra-high-resolution images of crops to detect early signs of diseases, insect infestations, nutrient deficiencies, water damage, and other risk factors
Tel Aviv-based agricultural intelligence company Taranis-Visual Ltd. announced Tuesday it has raised $30 million in a series C round led by Vertex Growth, Asian conglomerate The Kuok Group, through its venture capital arm K3 Ventures, and Japanese multinational Hitachi Group.
Additional participants in the round, which brings Taranis’ total funding raised to date to $60 million, include Mitsubishi UFJ Capital, iAngels, Gal Yarden, the president of the EMEA division at drip-irrigation company Netafim Ltd., and existing investors Vertex Ventures Israel, Viola Group, Finistere Ventures LLC, and equity crowdfunding company OurCrowd Ltd.
Founded in 2015, Taranis operates fleets of drones and low-flying aerial vehicles capable of capturing ultra-high-resolution imagery mid-flight. Taranis’ artificial intelligence system analyzes these images and aggregates data from satellite images, sensors, and smart irrigation systems, to detect early signs of crop diseases, insect infestations, nutrient deficiencies, water damage, and other crop risk factors. Taranis’ system can cover an area of 400 dunams (400,000 square meters) in just six minutes, according to the company.
