Participated · Equity · Dec 2021

Greeneye Technologies, founded in 2017 and led by CEO Nadav Bocher, develops AI-enabled precision spraying technology to offer sustainable alternatives to conventional crop protection. The company harnesses AI and deep machine learning to make intelligent, real-time decisions in the field that are proven to cut chemical use and improve weed-control efficacy versus standard broadcast spraying. Greeneye aims to increase productivity and profitability for farmers while addressing environmental challenges and global food production demand. The firm plans to use the new funding to scale its U.S. operations, advance the technology's analytical capabilities, and extend usage to new inputs and crops. Financially, the company announced a $20M funding raise led by Deep Insight. Greeneye Technology makes an AI-based precision spraying system that retrofits existing machines with cameras and sensors so the system recognizes weeds in real time and sprays only targeted areas. In on-farm field trials the system reduced non-residual herbicide use by an average of 86% while achieving the same weed control and yield as traditional broadcast spraying; a University of Nebraska–Lincoln ARD trial showed an 87% reduction in post-emergence use and a 94% reduction in burndown applications. Greeneye reported trial cost savings of $24.70/acre for pre-emergence and $40.50/acre for post-emergence applications. The company launched the technology in early 2022, said demand exhausted available units for 2023, and treated “tens of thousands of acres” last year. Greeneye plans to scale commercial deployments via partnerships and is targeting a U.S. launch with FBN members for the 2024 growing season, with expansion to Canada and possibly South America under consideration. The product is positioned to lower input costs, improve efficacy, and enable new crop-protection programs by making precise spraying more affordable. Greeneye develops proprietary AI-enabled precision spraying technology that uses deep machine learning to enable intelligent, real-time decisions for precise application of herbicides and other chemicals. The company announced the commercial launch of its technology in October 2021. Greeneye completed a $22M funding round to support commercialization and growth. Proceeds will fund a U.S. commercial launch in 2022 and expansion across North America in 2023, and will be used to advance analytical capabilities and extend use to new inputs and crops. Ahead of these milestones Greeneye will double its R&D team in Israel and its sales and operations team in the U.S. The company was founded in 2017 in Tel Aviv by CEO Nadav Bocher. Greeneye Technology, founded in 2017 and based in Tel Aviv, develops an artificial intelligence platform to detect and spray weeds in real time. Its selective spraying (SSP) system can integrate into any agricultural sprayer by retrofitting existing sprayers or via collaboration with sprayer manufacturers to deliver plant-level variable-rate spraying. The platform maps entire fields with cameras at plant-level resolution and enables targeted, selective applications. The company intends to use the funds to advance product research and development and to expand strategic partnerships with sprayer manufacturers and other stakeholders. Greeneye has attracted participation from both venture and industry investors. Following the round, JVP Partner Michal Drayman and Syngenta Ventures' Managing Director Shubhang Shankar joined Greeneye's board.

Participated · Series B · Dec 2021

Apex.AI builds Apex.OS, a scalable operating system and SDK that lets OEMs implement complex AI and autonomous driving functionality across vehicles and robots. Its platform is positioned as analogous to Apple’s iOS SDK for vehicle software, intended to shorten development cycles for customers. Apex.OS has earned high safety certifications, including TÜV Nord product certification and ISO 26262 ASIL‑D. The company has attracted strategic OEM partners and investors, including a partnership with Toyota’s Woven Planet. Apex.AI is based in Palo Alto, CA, and targets safety‑critical automotive applications. Financially, the company accrued over $56 million in Series B funding as of last December and continues to draw OEM investments. Apex.ai develops safety-certified software tooling for automakers and other mobility customers, notably an ISO 26262–certified software development kit called Apex.OS for autonomous driving and safety-critical applications. The company also offers Apex.middleware, an enterprise middleware product that integrates protocols to improve communication between software applications. Apex.ai was founded by Bosch veterans Jan Becker and Dejan Pangercic and maintains offices in Palo Alto, Berlin, Stuttgart and Munich. The team recently secured TÜV NORD certification for Apex.OS at the highest ISO 26262 functional safety level, enabling use in production vehicles. Financially, Apex.ai has raised $74 million to date and plans to commercialize its existing products while developing new offerings for adjacent markets such as agriculture, mining, industrial automation and IoT. The company intends to double its workforce from about 70 to roughly 140 by the end of next year and to expand into Asia under the leadership of former Panasonic executive Tavis Szeto. Apex.AI is a Palo Alto-based startup founded by automated systems engineers Jan Becker and Dejan Pangercic that is building a robotic operating system qualified for use in production automobiles. The company focuses on an enterprise-focused version of the Robot Operating System open-source middleware. It lists two products, Apex.OS — providing simple-to-integrate APIs to give automakers access to fully certified autonomous mobility technology — and Apex.Autonomy, which supplies specific autonomy components such as perception, localization and path planning. Apex.AI positions its technology to help speed the process of getting autonomous driving systems into production vehicles across commercial and consumer offerings by enabling easier development of safety-certified systems, per Volvo Group Venture Capital's comments. Last November the two-year-old startup raised $15.5 million in a Series A. Volvo Group Venture Capital has made an investment via Volvo's VC arm; financial details were not disclosed and Volvo said the investment "has no significant impact" on its earnings or financial position. Apex.AI develops an enterprise-grade operating system for autonomous vehicles designed to never fail. Its software stack is positioned as an enterprise version of the Robot Operating System (ROS) and is built to integrate into existing systems. The company has engineered redundancies and schedules compute to guarantee safety-critical processes receive required execution time. Apex.AI is application-agnostic and targets a range of autonomous mobility platforms, including cars, drones, and flying taxis. The founders emphasize moving beyond R&D toward mass production as autonomy scales. Financially, the company emerged from stealth while announcing a new financing round to support these efforts.