6 April 2020
The Galilee company’s solution integrates external data collected by drones to detect, identify, and monitor diseases, pests, and other agronomic problems in field crops.
Israeli AI sustainable crop protection company AgroScout has announced that it has completed a $3 million financing round led by Kibbutz Yiron, and with the participation of Exit Valley crowd-funding platform, Agriline, The Trendlines Group and grants from the Israel Innovation Authority and the BIRD Foundation. Based in Misgav in the Western Galilee in norther Israel, AgroScout is a portfolio company of the The Trendlines Group.
AgroScout’s solution integrates external data collected by drones (together with AI software, deep learning and computer vision) to accurately and autonomously detect, identify, and monitor diseases, pests, and other agronomic problems in field crops. This solution can help farmers, who typically lose 20%-40% of their yield to disease and pests (FAO), mitigate the spread of disease, reduce blighted crops and increase revenue.
The funding will allow us to expand our market reach significantly and broaden our services to our customers, offering them a viable and valuable solution to one of the most urgent issues facing farmers today. We expect this new round to enable us to deepen our strong relationship with Oracle, to offer a flexible, cutting-edge AI solution for farmers, enabling them to increase their yields and contribute to global food security for all.
AgroScout CEO Simcha Shore
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