SeeTree monitors over 50 million trees around the world, which will grow to 1 billion trees by 2023
California based SeeTree, an AI-powered, end-to-end service that provides growers with intelligence on trees and tree clusters, announced that it has raised $30 million in a Series B funding round led by the International Finance Corporation (IFC), the private sector arm of the World Bank Group. This third round of funding, one of the largest investment rounds for an Israeli Agtech company, will allow SeeTree to scale globally, grow the R&D and customer-facing teams and broaden 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 urbanization and water and food scarcity that owns Netafim, the leading drip irrigation system in the world; and Kubota, a Japanese manufacturer specializing in tractor and agricultural equipment. Existing investor Hanaco Ventures, a leading Tel Aviv and New York-based VC who led the Series A round, is participating as well.
With operations in Brazil, the United States, Chile and South Africa and a team of 120 professionals, SeeTree monitors over 50 million trees around the world, which will grow to 1 billion trees by 2023.
SeeTree’s system identifies the health and growth rates of every tree in a farmer’s grove and enables the creation of personalized 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 analyzes 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.
