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Greeneye Technology, a pioneer in AI-enabled precision spraying technology, has successfully raised $20 million in funding to scale its U.S. operation. The funding round was led by Deep Insight and supported by a group of new and existing investors, bringing the total investment in Greeneye to over $45 million. The company aims to deploy dozens more systems targeting the 200 million acres of corn, soybean, and cotton grown in the U.S. This investment will be utilized to expand operations, enhance analytical capabilities, and extend the technology's usage to new inputs and crops.
Greeneye's mission is to revolutionize farming practices by significantly reducing the volume of chemicals sprayed on farmers' fields each year. By leveraging AI and cutting-edge hardware, Greeneye's technology identifies weeds with high accuracy and sprays chemicals only where needed, leading to an average 88% reduction in herbicide use. The company's solution addresses critical challenges faced by farmers, such as environmental concerns, weed resistance, and financial burdens. The ability to integrate with existing sprayers and conduct precision and broadcast spraying simultaneously sets Greeneye apart in the industry.
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