Briefing

Panache Ventures, Techstars participate in a US$7-million round for Greeneye Technology

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The Tel Aviv-based agtech company closed a seed round led by Jerusalem Venture Partners. (BetaKit)

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Talking point: Greeneye Technology uses artificial intelligence to identify weeds from crops and spray them in real time. Founded in 2017, the company was part of Techstars’ 2018 artificial intelligence program in Montreal and has since set up an office in the city. Panache Ventures participated in the startup’s pre-seed round in December 2018. Greeneye said the new funds will be used to commercialize its technology and expand its research and development, as well as its strategic partnerships.