Greeneye Technology

Greeneye Technology is an Israeli company providing precision spraying solutions, using artificial intelligence and deep learning. The company’s technology can be integrated into existing sprayer machines, which eliminates the need for farmers to invest in new equipment for precision spraying. 

Greeneye’s solution allows farmers to detect and spray weeds individually with 95.7% accuracy. It also reduces herbicide and chemical usage by 90% and reduces costs by an average of 50% when compared to broadcast spraying methods.

Greeneye rents its precision spraying machines as a service with plans to sell a retrofit kit to its customers, which can be integrated into existing machines from 2022. As the first stage of its global roll-out, Greeneye announced its commercial launch in October 2021, where the company made its first sale to one of the largest farming operations as reported in Israel. 

As of December 2021, the company operates an R&D team in Israel and has a sales and operations team in the US. During the time, the company revealed plans to commercialize in the US in 2022, where they plan to work initially with corn and soybean farmers in the Midwest and to expand further across other states in 2023. In January 2023 , Farmers Business Network (FBN), one of the top farmer networks and e-commerce platforms in the US, and Greeneye Technology entered into a long-term strategic partnership to combine Greeneye's retrofit precision spraying systems with FBN's Precision Spraying Packs.

In December 2021, Greeneye raised USD 22 million in a Series A funding round led by Jerusalem Venture Partners(JVP). The funds will support the company’s expansion plans and will also be used to improve the company’s technology to accommodate more crops and inputs. Greeneye also plans to double its R&D team in Israel and strengthen its existing operations in the US.