Taranis Secures $30M in Additional Funding

By CropLife

Taranis has announced closing a $30 million global Round C funding. With Vertex Growth and Kuok Group’s Orion Fund (managed by K3 Ventures) taking the lead, Taranis has raised $60 million to date and plans a broadscale rollout of the company’s agronomic intelligence service. Powered by their proprietary AI² SmartScout technology, this unique platform ushers in the first of its kind outcome-based, broad-acre scouting tool of the future that will ensure growers are meeting their benchmarks with minimal risk.

New investors in this round include strategic investor Hitachi Ventures as well as Mitsubishi UFJ Capital, Micron Ventures, UMC Capital, La Maison, Mindset Ventures, iAngels, and Gal Yarden. Existing investors Vertex Ventures Israel, Viola, Finistere, and OurCrowd also continue their support.

“Until recently, growers have had to wait on time-consuming manual scouting to assess threats, formulate an action plan, and react. Our ag intelligence service takes out the guesswork and brings hyperlocal, real-time insights from the fields to your fingertips,” said Ofir Schlam, CEO and co-founder of Taranis. “And we’re not stopping there. We have exciting programs in our pipeline which will completely change the reactive risk mitigation model of today, to an outcome-based approach informed by predictive threat thresholds and yield expectations.”

Taranis’ proprietary AI² SmartScout Solutions bring a new level of efficiency to the industry, capturing 0.3mm/pixel resolution images of fields from planes and drones at a speed of 100 acres in 6 minutes. With this technology, they generate precise, leaf-level diagnosis twenty times faster than the manual alternative, and with 20 times more data points scouted.