OCTOBERASIA BUSINESS OUTLOOK9TreetoScope, an Israeli irrigation management platform, has closed a venture fundraising round led by Israeli Champel Capital, Earth Venture Capital, SeedIL, and other strategic investors. TreetoScope said in a statement on Oct 4 that the money will allow it to help with R&D, boost overall growth, and expedite commercial agriculture operations in North America and beyond.Treetoscope's solution gives superior irrigation insights to farmers while utilizing artificial intelligence (AI) technologies and novel sensors developed by the company to assess plant water use in real time. It has received nearly $10 million in total investments, including funds from the Israel Innovation Authority and the Bird Foundation, a joint Israel-US government fund.TreetoScope's major sales volume is now concentrated in North America and Europe due to collaborations with industry leaders such as The Toro Company, Netafim, and Hektas, among others. In addition, the company intends to expand throughout Asia in the next years to assist farmers in growing more with less water and inputs."This is an exciting time for Treetoscope because it will help our talented team get our groundbreaking technology into the hands of more growers,our technology is unlike anything else in the Agtech space, and the funding will allow us to accelerate our research as well as expand, improve, and carry out our mission of providing farmers with the tools they need to grow more with less water and inputs," he added.Foreign investors sold heavily in Japanese stocks this week as concerns about rising US interest rates and rising Treasury yields depressed risk appetite. Foreign investors sold a net 1.64 trillion yen ($11.00 billion) of equities in the week ending September 29, according to data from Japanese exchanges, the most weekly net selling since March 17.They sold around 1.56 trillion yen in futures and extracted 77.62 billion yen from cash equities. The Topix index fell 2.3 percent last week, its worst weekly loss since Aug. 18, while the Nikkei fell nearly 1.7 percent for the second week. Foreign investors have poured about 5.51 trillion yen into Japanese shares so far this year, compared with about 4.63 trillion yen worth of net selling last year.Meanwhile, overseas investors secured a minimal $25.8 billion yen of long-term Japanese bonds last week, following approximately $2.02 trillion yen of net selling in the previous week, according to Japan's Ministry of Finance statistics. However, they withdrew almost 1.05 trillion yen from short-term debt securities, extending outflows for the third week in a row.During the same time period, Japanese investors invested approximately 721 million yen in foreign stocks, marking their largest weekly net purchase in four weeks. BYD TO SOON SURPASS TESLA IN EV SALESFOREIGN INVESTORS SELLING JAPANESE STOCKSNEWSROOM
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