The new funding is to further fuel Taranis’ growth, global expansion, and investment in technologies to make carbon markets a reality for growers.
AI-powered crop intelligence provider Taranis has raised $40 million in Series D funding. The investment will be used to develop new technologies that will verify and validate carbon markets.
Mike DiPaola, Chief Commercial Officer with Taranis, told Brownfield Ag News the funds will advance remote data sensing. “Capturing revenue with the retailer for the grower for an agri-carbon market or a regenerative market or some kind of initiative,” he said. “I think there will be more participation for the retailer and the grower and the say how the technology will shape those trends.”
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Improvements in crop intelligence will allow farmers to become more efficient and reduce input costs. “We see a tremendous need for crop intelligence at scale as growers deal with soaring costs and a constant need to increase productivity and yield,” said Ofir Schlam, Taranis’ President & Co-Founder. “Over 100 agricultural retailers and advisors are sharing our journey as innovation partners. They rely on Taranis as the critical source of insights into crop health and threats across millions of acres, to drive better outcomes for their growers.”