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London-Based Planetwatchers Grabs £2.5M Funding To Support Crop Insurers

London-Based Planetwatchers Grabs £2.5M Funding To Support Crop Insurers

06/03/21, 12:55 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/CA.svglondon
Money raised
€2.5 million
Round Type
seed
London-based PlanetWatchers is a revolutionary crop monitoring company that provides detailed insurance and claims to provide assessment in just one hour. Today, the company has announced to have pocketed $3.5 million (nearly £2.5 million) in pre-Series A funding to support its growth plans as it aims to expand its services across America and into Europe over the next year.

Company Info

Company
Planet Watchers
Location
london, ontario, canada
Additional Info
We are convinced that PlanetWatchers’ leadership in SAR technology combined with the climate-induced market demand will pave the way to one of the most successful data analytics companies in this space.”Trendlines Agrifood Fund CEO, Nitza Kardish, PhD, said: “Our investment in PlanetWatchers corresponds with our goals and objectives: the company has a robust and unique technology enabling direct access to a great deal of data to all players in the agri-food value chain, from the farmer in the field to insurance companies and banks. PlanetWatchers will use the funds to significantly expand the commercial team and invest in ground-breaking technology to ensure it becomes the market leader in SAR-based data analytics. London-based PlanetWatchers is a revolutionary crop monitoring company that provides detailed insurance and claims to provide assessment in just one hour. Mark Boggett, Chief Executive Officer of Seraphim Capital, said: “PlanetWatchers is an AaaS business driving new capability and pricing models which we hope will revolutionise the insurance industry, starting with the crop insurance industry, providing reliable data-driven insights that will enable considerable efficiencies and cost savings in their business. PlanetWatchers, founded by Ariel Smoliar, Roi Shilo, and Shai Lev, is a leading technology company that uses advanced machine learning to support crop insurers in reporting planting dates, acreage, crop classification and claims validation at scale.