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Agritech startup Taranis raises $40 million in funding

by Babu Patil
Agritech startup Taranis raises $40 million in funding

Taranis, an AI-powered crop intelligence platform, raised $40 million in Series D funding. 

Inven Capital, a European climate tech fund, led the round with participation from Seraphim Space Investment Trust and Farglory Group, 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 $100 million.

According to the company, the new funding will further fuel its growth, global expansion, and technological investment to make the agri-carbon market a reality for growers.

Taranis has developed an AI-powered crop intelligence platform. The platform helps agriculture advisors demonstrate value to their growers and build better relationships through full-service, accelerate decision-making, simplify management, and improve their bottom line. 

Since starting in 2015, Taranis has worked with the top agricultural retailers and crop protection companies, serving millions of acres for customers in the United States, Brazil, and Europe.

“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.”

Bar Veinstein, CEO of Taranis, said: “The new funding will allow us to accelerate our 3-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.”...

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