Key Takeaways:
- Treetoscope’s latest seed funding round surpasses $7 million, aimed at enhancing R&D and expanding commercial agriculture operations.
- The round, initially led by Champel Capital, now includes new investors Stray Dog Capital, ECG, The Food Tech Lab, and others.
- Treetoscope’s platform leverages in-tree sensors and AI for precise irrigation, promising sustainability and efficiency in agriculture.
- The company has received the 2023 New Product Contest Tier 1 award, highlighting its innovative contribution to the irrigation industry.
- Plans include expanding Treetoscope’s global footprint, with significant partnerships and entry into new markets like Turkey.
Revolutionizing Precision Irrigation
Treetoscope, a leading startup in Precision Irrigation Management, recently announced a significant extension of its seed fundraising efforts, with total investments now exceeding $7 million. This strategic capital injection is designated for research and development, fostering overall growth, and accelerating the expansion of commercial agriculture throughout North America and other regions.
Broadening Investor Base
Originally spearheaded by Champel Capital, the funding round has expanded to include a diverse group of international investors such as Stray Dog Capital (US), ECG (Thailand), The Food Tech Lab (Spain), and several strategic partners. This diverse investment portfolio underlines the global confidence in Treetoscope’s innovative technology and its potential to transform agricultural practices through efficient and sustainable irrigation.
Empowering Sustainable Agriculture
Founded in 2020 in Tel Aviv, Israel, Treetoscope’s pioneering technology utilizes advanced in-tree sensors combined with artificial intelligence, weather forecasting, and satellite imagery. This integration provides farmers with real-time data on sap and water uptake, facilitating precise irrigation decisions that conserve water and optimize crop health and yield.
Industry Recognition and Partnerships
The innovation and potential of Treetoscope’s technology have not gone unnoticed. The company was awarded the prestigious 2023 New Product Contest Tier 1 by the American Irrigation Association, affirming its impact on the irrigation sector and its commitment to agricultural sustainability.
Additionally, Treetoscope has established pivotal partnerships, including with industry giants Toro and Netafim, to further its mission. The company’s recent venture into the Turkish market, in collaboration with Netafim, exemplifies its strategic approach to global expansion and precision irrigation management.
Treetoscope Latest News
Treetoscope Secures $7M in Seed Funding for Plant-Based Sensor Technology (2023/10/05)
Treetoscope, a Tel Aviv-based startup in Precision Irrigation Management, has closed a $7 million seed funding round to accelerate R&D and expand in North America. Using in-tree/plant sensors and AI, Treetoscope enables growers to make more precise irrigation decisions, reducing water and input costs. The company has already partnered with The Toro Company and Netafim, and is preparing for expansion into Mexico. Champel Capital led the funding round, alongside other strategic investors.
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