TreetoScope Closes Investment Round, Uses Proceeds for R&D

TreetoScope, 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.