Greeneye Technology Raises $20 Million in Funding

by Kay Aloha Villamor in April 18th, 2024

Greeneye Technology, a Tel Aviv, Israel-based AI-enabled precision spraying technology aimed at reducing herbicide use in farming, has raised $20 million in funding, bringing its total raised to more than $45 million. 


The round was led by Israeli investment company Deep Insight, with support from existing investors Syngenta Group Ventures, JVP, Orbia Ventures, and Eyal Waldman, founder and former CEO of Mellanox (now part of Nvidia), as well as new investors including Iron Nation and Amol Deshpande, founder and former CEO of FBN. 

Deep Insight is a venture fund that invests in deep tech at all stages and across all sectors. It was founded in 2021 and is based in Herzliya, Israel. 

Greeneye Technology Use of Funds 

The company will use the funding to scale its operation in the U.S. It will also advance the technology's analytical capabilities and extend its usage to new inputs and crops. The next phase of expansion will involve deploying dozens more systems in farmers' fields targeting the 200 million acres of corn, soybean, and cotton grown in the U.S. 

About Greeneye Technology 

Founded in 2017, Greeneye Technology is a company with the mission to develop alternative and sustainable solutions to current crop protection practices to meet the growing global demand for food production while also increasing productivity and profitability for farmers. The company focused on AI-enabled precision spraying technology for farming. Their solution utilizes AI and cutting-edge hardware to identify weeds among crops with high accuracy, spraying chemicals only where needed. Greeneye's technology integrates with any brand, model, or size of a commercial sprayer, enabling farmers to transition to precision spraying seamlessly. 

Funding Details 

Company: Greeneye Technology 

Raised: $20.0M 

Round: Unknown 

Funding Month: April 2024 

Lead Investors: Deep Insight 

Additional Investors: Syngenta Group Ventures, JVP, Orbia Ventures, Eyal Waldman, Iron Nation, Amol Deshpande 

Company Website: 

Software Category: AI Precision Spraying 


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