Israeli bee safety firm Beewise right this moment 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 annually, Beewise has developed a vitally wanted resolution. 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 akin 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 development 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) just isn’t out there to the bees.
Beehome reduces bee mortality by 80%, leading to elevated yields of not less than 50%, whereas eliminating 90% of guide labor of conventional beehives. Beewise at present manages greater than seven billion bees, which equates to 25,000 acres of pollinated crops. Via the Beehome system, 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 progressive applied sciences together with AI and pc imaginative and prescient with the intention to save the bees.”
He added, With hundreds of orders positioned within the US in simply the previous few months, and with this funding, Beewise will be capable of meet unimaginable market demand by way of elevated manufacturing, develop further product iterations, and additional enhance pollination.”
“Our total international meals provide is being threatened by a devastating collapse of the world’s honeybee inhabitants. Beewise impressed us as the one resolution addressing each complicated subject that’s contributing to the collapse,” acknowledged Daniel Aronovitz, Principal at Perception Companions. “Not solely have we funded an organization with a unbelievable enterprise mannequin; it additionally addresses one of many greatest challenges our planet is going through. We at Perception couldn’t be extra excited to guide the most important funding in an Israeli agtech firm so far.”
The corporate additionally unveiled a brand new lighter-weight Beehome that will increase hive mobility, enabling farmers to effortlessly take care of tens of millions of bees and guarantee seasonal crop pollination.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on March 30, 2022.
© Copyright of Globes Writer Itonut (1983) Ltd., 2022.
