Singapore: Vertex backs Israeli ag-tech firm Taranis in $7.5m Series A round

Sunset over the Sea of Galilee,Israel

Israeli precision agriculture intelligence platform Taranis has closed a $7.5 million Series A round of financing led by Finistere Ventures, an AgTech venture pioneer, and Vertex Ventures.

Vertex Ventures is a global network of funds that counts Temasek Holdings as a major backer and limited partner (LP).

Existing investors, Eshbol Investments, Mindset Ventures, OurCrowd, and angel investor Eyal Gura, also joined the round. With $9.5 million in total funding to date, Taranis aims to lead the digital farming revolution with the capability to predict and prevent detrimental threats to crops.

Headquartered in Israel with subsidiaries in Argentina and Brazil, Taranis is currently establishing a U.S. office and expanding into India and Russia.

“We invest in innovators with the ability to transform an industry and were drawn to Taranis’ exceptional leadership team, machine learning expertise, proven analytics platform and early on-farm successes,” noted Yanai Oron, general partner, Vertex.  “Taranis offers a comprehensive and affordable crop management solution, and the pest and disease prediction algorithms it developed to set the company apart from its competitors.”

Oron, together with Arama Kukutai of Finistere Ventures, will join the Taranis Board. Taranis will use the latest investment to further mature its scalable pest and disease prediction platform and grow its global reach, with a focus on building US momentum. Additionally, Taranis will expand its plant pathology, data science and software engineering teams.

This system works by presenting precise information about fields, daily tasks, crop disease/pest and weather alerts based on its advanced forecasting and real-time monitoring technologies. Its proprietary Taranis deep learning platform helps large commercial farmers worldwide reduce costs, increase yield and speed farming decisions.

The Taranis platform currently monitors fields for critical crops such as soybeans, corn, wheat, cotton, sugar cane and potatoes.

According to a media release, the agriculture sector loses more than $300 billion per annum due to crop diseases and pests, which destroys crops and impacts yield. Taranis claims it grew its acreage by 2,000 per cent in one year and now manages millions of acres of farmland in the Argentina, Brazil, Israel, Russia and the United States.

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.