New funding will further fuel Taranis’ growth

Taranis, an AI-powered crop intelligence provider, has announced that it has raised US$40 million in Series D funding. The round was led by Inven Capital, a European climate tech fund, with participation from new investors Seraphim Space Investment Trust (‘SSIT’) and Farglory Group, and strong backing from existing investors: Vertex Growth, Viola Ventures, Vertex Ventures Israel, La Maison Partners, Hitachi Ventures, K3 Ventures, UMC Capital, OurCrowd, Micron Ventures, iAngels Ventures, Presidio Ventures (Sumitomo), Cavallo Ventures (Wilbur Ellis), Finistere Ventures, and Eyal Gura. This latest round brings Taranis’ total funding to US$100 million.

“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,” commented Ofir Schlam, Taranis’ President & Co-Founder. “More than 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.”

Taranis’ crop intelligence platform uniquely leverages leaf-level imagery and is powered by cutting-edge machine learning, trained by the industry’s largest crop dataset containing over 200 million AI data points. In the most recent growing season, Taranis delivered millions of actionable insights to ag advisors and growers, empowering decision-making, simplifying crop management, and improving their bottom line.

“Inven Capital is delighted to lead this important investment round," added Petra Sokolová, Investment Manager at Inven Capital. "Agritech innovations are critical in advancing sustainable agriculture, making the most efficient use of our Earth’s resources, and securing the future of farming. Technologies that facilitate crop intelligence and agricultural carbon credits such as Taranis’ solutions have large-scale potential to improve sustainability and enduring prosperity. We are excited about the impact they will have in the local communities they serve, and to support them in their mission.”

“Responsibly increasing global food supply is a critical challenge we face today. We have been following the Agritech market for quite some time as we see the value of using Earth observation data to optimize crop yields,” said Andre Ronsoehr, Investment Principal at Seraphim Space Manager. “When we discovered Taranis, they immediately stood out to us, given their sub-millimeter imaging capabilities. These images unlock early detection of nutrient deficiencies and diseases which is the key to improving crop yields.”

“I’m excited about our growth trajectory,” said Bar Veinstein, Taranis’ CEO. ”The new funding will allow us to accelerate our three-year plan, rapidly expand our operations, and deliver transformative technology to the market faster. We are delighted to welcome our new investors and continue to be grateful to our existing investors for their support.”