Vertex-backed Taranis raises US$40m in Series D funding

PRECISION-FARMING startup Taranis has raised US$40 million in Series D funding in a round led by European climate tech fund Inven Capital.

Other investors that participated in the round include new investors Seraphim Space Investment Trust and Farglory Group, and existing investors Vertex Growth, Viola Ventures, Vertex Ventures Israel, La Maison Partners, Hitachi Ventures, K3 Ventures, UMC Capital, OurCrowd, Micron Ventures, iAngels Ventures, Presidio Ventures (Sumitomo), Cavallo Ventures (Wilbur Ellis), Finistere Ventures and Eyal Gura.

This latest round brings Taranis’ total funding to US$100 million, the agritech startup said in a statement on Thursday (Sep 8). It plans to use the new funds for expansion, growth and investment in technologies.

”The new funding will allow us to accelerate our 3-year plan, rapidly expand our operations, and deliver transformative technology to the market faster,” said Taranis chief executive Bar Veinstein.

Founded in 2015, Taranis uses aerial surveillance and machine learning to help prevent crop-yield loss. Its crop intelligence platform leverages leaf-level imagery, trained by the industry’s largest crop data set containing over 200 million artificial intelligence-data points.