Israeli bee safety firm Beewise as we speak introduced the completion of an $80 Million Sequence C financing spherical led by Perception Companions, with participation from Fortissimo Capital, Nook Ventures, lool ventures, Atooro Fund, Meitav Sprint Investments Ltd, and Sanad Abu Dhabi. This brings the corporate’s whole funding to over $120 million.
With over 30% of honeybee colonies disappearing every year, Beewise has developed a vitally wanted answer. Using 24/7 monitoring and sensible expertise that considerably will increase pollination capability and honey manufacturing, Beewise’s proprietary robotic beehive, the Beehome, seamlessly detects threats to a honeybee colony comparable to pesticides and the presence of pests and instantly defends towards them. The corporate’s automated robotic system responds to threats in actual time and requires no human intervention.
Whereas defending and defending, Beewise additionally helps honeybees thrive and flourish by reversing the pattern of colony collapse. To assist fight the detrimental results of local weather change on bees, Beehomes are thermally regulated; shield from fires, flooding, and Asian Wasps (homicide hornets); and supply enhanced feeding strategies for when forage (meals provide) will not be out there to the bees.
Beehome reduces bee mortality by 80%, leading to elevated yields of a minimum of 50%, whereas eliminating 90% of guide labor of conventional beehives. Beewise at the moment manages greater than seven billion bees, which equates to 25,000 acres of pollinated crops. By the Beehome machine, Beewise has saved over 160 million bees over the course of the final 12 months.
Beewise CEO Saar Safra mentioned, “We’re the one firm on the planet that’s deploying precision robotics in tandem with the world’s most modern applied sciences together with AI and pc imaginative and prescient in an effort to save the bees.”
He added, With 1000’s of orders positioned within the US in simply the previous few months, and with this funding, Beewise will have the ability to meet unimaginable market demand via elevated manufacturing, develop further product iterations, and additional enhance pollination.”
“Our whole international meals provide is being threatened by a devastating collapse of the world’s honeybee inhabitants. Beewise impressed us as the one answer addressing each advanced subject that’s contributing to the collapse,” acknowledged Daniel Aronovitz, Principal at Perception Companions. “Not solely have we funded an organization with a incredible enterprise mannequin; it additionally addresses one of many largest challenges our planet is going through. We at Perception couldn’t be extra excited to steer the most important funding in an Israeli agtech firm up to now.”
The corporate additionally unveiled a brand new lighter-weight Beehome that will increase hive mobility, enabling farmers to effortlessly look after hundreds of thousands of bees and guarantee seasonal crop pollination.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on March 30, 2022.
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