Taranis, a Westfield, Ind. and Tel Aviv, Israel-based leading AI-powered crop intelligence provider, announced that it raised $40 million in Series D funding, bringing Taranis’s total raised to $100 million.
The round was led by Inven Capital, a European climate tech fund, with participation from new investors Seraphim Space Investment Trust (‘SSIT’) and Farglory Group.
Existing investors Vertex Growth, Viola Ventures, Vertex Ventures Israel, La Maison Partners, Hitachi Ventures, K3 Ventures, UMC Capital, OurCrowd, Micron Ventures, iAngels Ventures, Presidio Ventures (Sumitomo), Cavallo Ventures (Wilbur Ellis), Finistere Ventures, and Eyal Gura also participated in the round.
The new capital will further fuel Taranis’ growth, global expansion, and investment in technologies to make the agri-carbon market a reality for growers.
“The new funding will allow us to accelerate our 3-year plan, rapidly expand our operations, and deliver transformative technology to the market faster. We are delighted to welcome our new investors and continue to be grateful to our existing investors for their support.”-Bar Veinstein, Taranis CEO, said.
Company: A.A.A Taranis Visual Ltd.
Raised: $40.0M
Round: Series D
Funding Month: September 2022
Lead Investors: Inven Capital
Additional Investors: Seraphim Space Investment Trust (‘SSIT’), Farglory Group, Vertex Growth, Viola Ventures, Vertex Ventures Israel, La Maison Partners, Hitachi Ventures, K3 Ventures, UMC Capital, OurCrowd, Micron Ventures, iAngels Ventures, Presidio Ventures (Sumitomo), Cavallo Ventures (Wilbur Ellis), Finistere Ventures, and Eyal Gura
Company Website: https://taranis.ag/
Software Category: AI-powered crop intelligence platform
About the Company: Taranis is an AI-powered crop intelligence platform, 100% focused on helping ag advisors demonstrate value to their growers and build better relationships through full-service, leaf-level data capture that allows them to accelerate decision-making, simplify management, and improve their bottom line. Taranis’ crop intelligence platform uniquely leverages leaf-level imagery and is powered by cutting-edge machine learning, trained by the industry’s largest crop dataset containing over 200 million AI data points. In the most recent growing season, Taranis delivered millions of actionable insights to ag advisors and growers, empowering decision-making, simplifying crop management, and improving their bottom line. Since its inception in 2015, Taranis has worked with the world's top agricultural retailers and crop protection companies, serving millions of acres for customers in the United States, Brazil, and Europe. Taranis is headquartered in Westfield, Indiana, with offices in Tel Aviv, Israel, and Campinas, Brazil.
Source: https://taranis.ag/2022/09/07/taranis-raises-40-million-series-d/