Revolutionary Precision Spraying Technology Greeneye Technology Secures $20 Million Funding Round to Expand Operations in the U.S.

Greeneye Technology, a leading company in AI-enabled precision spraying technology, has recently completed a $20 million funding round. This round was led by Israeli investment company Deep Insight and will be used to expand Greeneye’s operations in the U.S. The funding will also be used to enhance the technology’s analytical capabilities and broaden its application to new inputs and crops. In the next phase of expansion, Greeneye plans to deploy dozens more systems in farmers’ fields targeting the 200 million acres of corn, soybean, and cotton grown in the U.S.

Greeneye Technology CEO Nadav Bocher expressed excitement about securing this round of capital in today’s economic climate. The investment serves as validation of Greeneye’s mission to drive mainstream adoption of precision spraying technology in the U.S. and globally. Bocher thanked the new investors and existing partners for their support and emphasized the company’s commitment to pushing technological boundaries to address farmers’ critical challenges and protect farmland for future generations.

The innovative solution developed by Greeneye utilizes AI technology and sophisticated hardware to accurately identify weeds among crops and spray chemicals only where they are needed – directly onto the weeds. In 2022, Greeneye became the first company to commercially launch precision spraying technology in the U.S., providing farmers with a more efficient way of managing their crops while reducing herbicide use by an average of 88%. To learn more about Greeneye Technology, visit their website at www.greeneye.ag