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Tag: Israeli

Taranis raises $40M Series D to develop crop intelligence technology

Taranis raises $40M Series D to develop crop intelligence technology

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Israeli crop intelligence provider Taranis announced on Wednesday that it has raised $40 million in Series D funding. The company also disclosed that it had doubled its revenue, but did not state an actual amount, which would be approximately several million dollars per year. The round was led by Inven Capital, a European climate technology fund, and brings Taranis' total funding to $100 million.Taranis CEO Bar Veinstein told Calcalist that he expects the company to continue and grow at a similar pace in the years to come. “We already cover over 8 million dunam in the United States and Brazil and plan to grow to around 60 million, which would translate into monthly revenue of tens of millions of dollars,” Veinstein said. “We also plan to expand outside of these countries, with our market...