Pioneering AgTech with Advanced AI
A Leap in Agricultural Technology
The Israeli agtech company SeeTree has recently secured a significant milestone in its journey, raising $17.5 million in Series C funding. This investment, co-led by HSBC Asset Management and the European Bank for Reconstruction and Development (EBRD), is a testament to the innovative strides the company is making in the agricultural sector. The funding round also saw participation from new investors OurCrowd and SmartAgro, alongside continued support from previous backers such as Hanaco Ventures, Mindest Ventures, and others.
The Vision of SeeTree
Founded in 2017, SeeTree’s mission has been to transform the traditional practices of tree farming through technological innovation. Their platform, known as the “Tree Operating System,” leverages artificial intelligence to provide per-tree intelligence. This system enables growers to monitor the health and productivity of their trees more efficiently and effectively than ever before.
Transforming Tree Farming with AI and Drones
A Unique Blend of Technology and Nature
The Mechanism Behind the Magic
SeeTree’s platform is a marvel of modern technology, combining military-grade drones, ground sensors, artificial intelligence, multi-spectral imaging, and in-field data collection. This blend of technology allows for the digitization and analysis of trees on a large scale. The platform assigns a health score to each tree, identifies underperforming ones, and tracks various factors impacting tree health and productivity.
Addressing the ‘Lose, Lose, Lose’ Situation
Traditionally, tree health assessment has been a labor-intensive and inefficient process. SeeTree’s approach addresses this by reducing the reliance on manual scouting and lab tests, thus conserving resources like manpower, water, and chemicals. This not only enhances productivity but also has a positive environmental impact.
The Global Impact and Future Expansion
Spreading Roots Across Continents
From Local to Global
SeeTree’s operations, which currently manage around 400 million trees globally, span across Brazil, the USA, Mexico, South Africa, and include a development center in Ukraine. The recent funding is poised to expand the platform’s capabilities to new crop types and further its reach into key territories such as North America, LATAM, Ukraine, and the Asia-Pacific region.
A Vision for Diverse Crops
Currently, the platform is adept at handling crops like citrus, palms, eucalyptus, avocado, and various forest types. The expansion plans include broadening this range, offering a more diverse array of farmers the benefits of this cutting-edge technology.
Conclusion: SeeTree’s Journey Ahead
Nurturing the Future of Agriculture
The Path Forward
With over $60 million raised since its inception, SeeTree stands at the forefront of agricultural technology. The company’s journey reflects a larger movement towards digitization and precision in farming. As SeeTree continues to grow and evolve, its impact on the agricultural industry promises to be transformative, offering a glimpse into the future of sustainable and efficient farming practices.
