twitter RSS Feed linkedin acp contact

SeeTree raises US$30mn in funding to scale globally and expand into new crops

SeeTree, an AI-powered, end-to-end service that provides growers with intelligence on trees and tree clusters, has raised US$30mn in a Series B funding round led by the International Finance Corporation (IFC), the private sector arm of the World Bank Group

orange tree 1149584 640SeeTree’s system identifies every tree’s health and growth rates in a farmer’s grove and enables the creation of personalised cultivation plans for each tree. (Image source: Free-Photos/Pixabay)

This third round of funding, one of the largest investment rounds for the Israeli agtech company, will enable SeeTree to scale globally, expand its R&D and customer-oriented teams and broaden its services to cover new crops.

Other investors include Citrosuco, one of the world’s largest orange juice producers with sales to more than 100 countries; Orbia Ventures, corporate VC of Orbia, a global provider of innovative solutions for rapid urbanisation and water and food scarcity that owns Netafim, the leading drip irrigation system in the world; and Kubota, a Japanese manufacturer specialising in tractor and agricultural equipment. Existing investor Hanaco Ventures, one of the leading Tel Aviv and New York-based VC who led the Series A round, is participating as well.

“All of our new investors are true partners who believe in the power of our platform to increase productivity and help address the impact of the climate and other major challenges in agricultural production today and going forward to the future,” said Israel Talpaz, SeeTree co-founder and CEO.

“Artificial intelligence can revolutionise agriculture and have a transformative impact on productivity, the environment and the livelihoods of farmers,” said Stephanie von Friedeburg, interim managing director and executive vice president and chief operating officer of IFC. “We are excited to invest in SeeTree’s technology and help leverage precision agriculture in emerging markets.”

With operations in Brazil, the US, Chile and South Africa and a team of 120 professionals, SeeTree monitors more than 50 million trees worldwide, which will grow to one billion trees by 2023.

“We started with citrus and are servicing the largest citrus growers globally. We have a strong playbook and will continue scaling within citrus. We are now equally focused on growing our offerings into new crops such as almonds, olives and hazelnuts, where we are already deployed and supporting farmers,” said Talpaz.

SeeTree’s system identifies every tree’s health and growth rates in a farmer’s grove and enables the creation of personalised cultivation plans for each tree or cluster of trees. SeeTree collects ultra high-resolution images captured by drones and multi-spectral sensors, tree and soil samples and analyses the data through the platform’s machine learning algorithms. Ultimately, farmers receive an easy-to-use product with features such as tree health, pest and disease tracking.

“Our vision is to enable the Tree Farming 4.0 Revolution with the Intelligence-per-Tree that we provide. SeeTree as a standalone solution, can reduce operational expenses by 20-40%. By connecting SeeTree to tractors and irrigation systems, we can unlock additional optimisations to further increase the value to our farmers,” said Talpaz.


LATEST NEWS IN Agriculture

Nature-based solutions help farmers in Ghana

Nature-based solutions help farmers in G…

Organic pesticides, waste-based fertilisers and forest regeneration are just a few of the green initiatives being employed in Ghana to boost farming communities’ resilience to the impacts of climate...

Boosting soil nutrient mapping in sub-Saharan Africa

Boosting soil nutrient mapping in sub-Sa…

The Food and Agriculture Organization of the United Nations (FAO) is set to fast track an impact-oriented project in sub-Saharan Africa and Central America for digital soil nutrient mapping, after...

Gambia-Korea partnership seeks to double rice production to curb food insecurity

Gambia-Korea partnership seeks to double…

President Adama Barrow has received a delegation led by the Korean Ambassador to The Gambia, HE Kim Ji-Joon, at the State House in Banjul to announce the delivery of sample rice...

World Sustainability Organization chooses Zambia as the first African Sustainability Hub

World Sustainability Organization choose…

The World Sustainability Organization and Foundation (WSO&F) has signed a Memorandum of Understanding (MoU) with the Zambian Government, to make Zambia the African Sustainability Hub 

Rallying call to improve African and global cotton production

Rallying call to improve African and glo…

As the business of cotton production continues to attract global attention, there are concerns about how sustainable the practice of growing, harvesting, and production will be, especially for lower income...

Research and farming institution from Zimbabwe wins FAO Award

Research and farming institution from Zi…

The Food and Agriculture Organization of the United Nations (FAO) honoured three research and farming institutions, one of which was from Zimbabwe

Prev Next

OTHER RELATED ARTICLES - Agriculture

State cocoa board established in Côte d’Ivoire

State cocoa board established in Côte d’…

The government of Côte d’Ivoire has announced the establishment of a ‘state-controlled cocoa body’

FAO launches Forest and Farm Facility phase II in Ghana

FAO launches Forest and Farm Facility ph…

The UN Food and Agriculture Organisation (FAO) and Ghana’s Forestry Commission have launched the Forest and Farm Facility (FFF) phase II in Ghana to empower forest and farm producers for...

World Bank recommends Brazil's agriculture pattern for Africa

World Bank recommends Brazil's agricultu…

The World Bank is helping African states benefit from a series of easily-adaptable Brazilian agriculture patterns

Malawi maize production down by 20 per cent

Malawi maize production down by 20 per c…

The harvest of maize in Malawi has declined by a significant 20 per cent, from 3.5 million tonnes in 2016/17 season to 2.8 million tonnes in 2017/18 farming season, according...

Harnessing Conservation Agriculture to fight climate change

Harnessing Conservation Agriculture to f…

A major conference at COP22 discussed how encouraging farmers to switch to Conservation Agriculture (CA) can help countries meet their climate goals

Africa and Asia take joint global initiative to diversify staples

Africa and Asia take joint global initia…

Leading agriculture organisations from Africa and Asia have collaborated on major staples products

Mozambique hosts Africa Sugar Conference 2016

Mozambique hosts Africa Sugar Conference…

The 6th Africa Sugar Conference took place in Mozambique from 30 March to 1 April this year

ITFC signs US$117.94mn contract to help in cotton export in Cameroon

ITFC signs US$117.94mn contract to help …

The International Islamic Trade Finance Corporation (ITFC), has signed a US$117.94mn syndicated agreement with the government of Cameroon and Sodecoton for the export of cotton and import of agricultural inputs

DuPont leader calls for action to prevent food crisis

DuPont leader calls for action to preven…

DuPont Executive Vice President James C. Borel has urged more than 200 business, government and non-profit leaders to commit to a new level of collaboration and personal accountability to achieve...

South Africa responds to unrest by promoting fruit and wine exports

South Africa responds to unrest by promo…

South Africa's Western Cape Provincial Government has responded to fears of significant farming job losses by stressing the need to explore new export markets for the province's wine and fruit

OPDAG Council of Patrons inaugurated in Ghana

OPDAG Council of Patrons inaugurated in …

Oil Palm Development Association of Ghana (OPDAG) has inaugurated its Council of Patrons in Accra

CNH develops integrated water mobilisation and irrigation systems in Tunisia

CNH develops integrated water mobilisati…

CNH Industrial has hosted an event to mark the successful conclusion of a joint water management project in southwest Tunisia

Prev Next