Israeli bee safety firm Beewise in the present day 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 complete funding to over $120 million.
With over 30% of honeybee colonies disappearing annually, Beewise has developed a vitally wanted answer. Using 24/7 monitoring and sensible know-how that considerably will increase pollination capability and honey manufacturing, Beewise’s proprietary robotic beehive, the Beehome, seamlessly detects threats to a honeybee colony reminiscent of pesticides and the presence of pests and instantly defends towards them. The corporate’s computerized 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) shouldn’t be obtainable 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. By way of 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 revolutionary applied sciences together with AI and pc imaginative and prescient to be able 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 have the ability to meet unimaginable market demand by means of elevated manufacturing, develop extra product iterations, and additional enhance pollination.”
“Our whole world 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 concern that’s contributing to the collapse,” acknowledged Daniel Aronovitz, Principal at Perception Companions. “Not solely have we funded an organization with a implausible 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 biggest funding in an Israeli agtech firm thus 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.
Printed by Globes, Israel enterprise information – en.globes.co.il – on March 30, 2022.
© Copyright of Globes Writer Itonut (1983) Ltd., 2022.
