Taranis, a precision agriculture intelligence platform, raised $?20 million in funding for development of deep learning technology.
With the potential to increase yields by 7.5%, Taranis in Tel Aviv uses deep-learning technology and agronomic understanding to offer insights that create a more sustainable farming ecosystem. These insights are made possible by Taranis’ patented aerial imagery technology, that according to the company when placed on high-speed UAVs and manned aircrafts provide more than 500x more detail than existing monitoring platforms.
Taranis has also built an extensive database that implements deep-learning technology to identify crop stresses such as weeds, insects, and diseases on a granular level—providing magnification of up to 0.5mm. Taranis then turns the collected data into actionable insights, helping farmers monitor their acreage effectively by improving crop yields and cutting costs.
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“We are excited to advance our mission of providing farmers with the technology and know-how to effectively maximize crop yields while maintaining operational efficiency,” said Ofir Schlam, CEO and Cofounder of Taranis. “We have already helped thousands of farmers monitor crops for potential hazards. Now we’re looking forward to expanding our footprint around the globe.”
Earlier this year Taranis completed its second acquisition, procuring Mavrx, to create an unprecedented aerial imagery platform. With this new round of funding Taranis will continue to enhance its AI-powered solution and high-resolution imagery tools to accelerate its growth in Argentina, Brazil, Russia, the United States and expansion into Australia.