Precision Agriculture Leader Taranis Reaps $20 Million in Funding
November 7, 2018
Taranis, a precision agriculture intelligence platform, closed a $20 million Series B round of financing led by Viola Ventures, with participation from existing investors Finistere Ventures, Vertex Ventures, OurCrowd, Eyal Gura, and Gal Yarden. Strategic investors Nutrien, Cavallo Ventures, the venture capital arm of Wilbur-Ellis, and Sumitomo Corporation Europe also participated in the round.
Taranis built a database using deep-learning technology to identify crop stresses such as weeds, insects, and diseases on a granular level, providing magnification of up to 0.5 millimeters. It turns the collected data into actionable insights, helping farmers monitor their acreage effectively by improving crop yields and cutting costs.