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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.
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