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Greeneye Announces Commercial Launch of AI Precision Spraying Technology Proven to Cut Herbicide Use By 78%

Proprietary AI technology cuts herbicide usage by 78% on average while improving weed control efficacy compared to standard broadcast spraying
Commercial launch takes place in Israel, with roll-out in North America set to follow in early 2022
First commercial precision spraying system suitable for in-crop (green on green) spraying available in North America
Tel Aviv, Israel, 13th October 2021 – Agritech pioneer, Greeneye Technology, today announces the

commercial launch of its unique AI-enabled precision spraying technology. Marking a major milestone in its mission to significantly reduce chemical usage in agriculture and increase productivity and profitability for farmers, the company has secured its first commercial sale with one of the largest farming operations in Israel.

Significantly, this news represents the first stage in Greeneye’s global roll-out, which will continue in early 2022 with its launch in North America, where it will initially work with corn and soybean farmers in the Midwest, before increasing availability to other states in 2023. Reflecting the growing demand from farmers for a commercially-viable precision spraying solution, Greeneye’s early adopter program in North America was oversubscribed within days of its announcement, and the company already has a long waiting list of customers for 2023.

Backed by leading global agrochemical manufacturer, Syngenta, Israeli-based Greeneye Technology has developed a proprietary precision spraying technology that is proven to cut herbicide use by 78%[1] and reduce herbicide costs by more than 50%1 (average figures) while also improving weed control efficacy compared to traditional broadcast spraying (see video). This breakthrough is achieved with the use of AI technology that can detect and spray weeds amongst crops (green on green) with 95.7% accuracy. Crucially, the system is designed to integrate seamlessly into any brand or size of

commercial sprayer, removing the need for farmers to invest in new machines. It also ensures that precision spraying can be carried out at the same travel speed as broadcast spraying – 20 km/h – ensuring no reduction in productivity for farmers.

Nadav Bocher, CEO, Greeneye Technology, comments: “Weeds represent one of the greatest threats to global crop production – in the US alone, they are estimated to cost farmers more than $33b[2] in lost production annually. Today, farmers address this challenge by spraying herbicides across the entire field – even though weed infestation may be as low as 10%. As a result, not only are farmers spending far more money on herbicides than they need to, but millions of gallons of herbicides are being needlessly sprayed each year, which is contributing to the mounting challenges posed by herbicide-resistant weeds, chemical drift, and soil and water contamination.

“Despite a concerted effort by the agriculture industry to develop precision spraying technologies, so far very few of these projects have moved beyond the trial phase. This is because the technology

either fails to deliver the necessary level of accuracy and efficacy, or it requires farmers to invest in new spraying machines, making it prohibitively expensive. Uniquely, Greeneye’s solution overcomes

both of these challenges, offering farmers what we believe is the most advanced commercially viable precision spraying technology on the market.”

Greeneye’s solution uses a combination of hardware and deep machine learning to enable intelligent, real-time weed management decisions in the field. Cameras mounted directly onto spraying machines capture images at a rate of 40 frames per second, enabling rapid detection and classification of weeds down to the species level. Utilizing Greeneye’s proprietary dataset and algorithms, the system instantly calculates the amount of herbicide required and sprays it directly onto the weeds, leaving nearby crops unaffected.

Another important advantage of Greeneye’s technology is its unique dual-spraying function which enables farmers to apply residual herbicides on a broadcast basis while applying non-residual herbicides precisely on weeds. Currently, farmers mix together residual and non-residual herbicides and spray them from the same nozzle, meaning they use far more non-residual herbicide than is needed. The dual-spraying system overcomes this challenge by enabling farmers to spray only the herbicide that is required.

“We are incredibly proud to announce the commercial launch of our precision spraying technology, but reducing herbicide use is just the beginning. The next generation of our technology, which is already in development, will also be capable of precisely spraying chemicals such as fungicides and micronutrients, increasing savings to farmers beyond herbicides,” says Bocher.

“At the same time, our unique AI capabilities enable us to collect ultra-high resolution data from the entire field, providing valuable insights to farmers and enabling them to treat their field at the plant level. With this information at our fingertips, Greeneye is uniquely positioned to guide the global agriculture industry towards a more sustainable – and profitable – future.”

View Greeneye’s commercial launch video here.

About Greeneye Technology

Greeneye Technology was founded in 2017 in Tel Aviv, Israel, with the mission to develop alternative and sustainable solutions to current crop protection practices to meet the growing global demand for food production, while also increasing productivity and profitability for farmers. The company is pioneering the use of precision spraying technology by harnessing AI and deep machine learning to enable intelligent, real-time decisions in the field that are proven to cut chemical use by up to 90% and improve weed control efficacy compared to standard broadcast spraying. Its founders have worked together for 15 years since serving in the Israeli special forces and head up a multidisciplinary team with expertise in computer vision, AI, agronomy, mechanic engineering, and business. In 2019, Greeneye closed a $7m seed funding round led by Syngenta and JVP. In October 2021, it announced the commercial launch of its technology, signalling a major milestone in unlocking mainstream adoption of precision spraying by overcoming previous barriers of efficacy, speed of delivery, and cost

For more information see: www.greeneye.ag

Media Contacts:

Emma Jenkinson / Sophie Low

Incus Media

emma.jenkinson@incus-media.com

+44 (0) 7788 276461

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A Defining Moment for Cybersecurity, for JVP, and for Israel/US Cooperation: CyberArk’s $25B Merger with Palo Alto Networks

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Last week marked a moment of both pride and reflection for all of us at JVP. The announcement of CyberArk’s $25 billion acquisition by Palo Alto Networks is not just a landmark deal in the cybersecurity landscape—it’s a powerful validation of the JVP Way, our approach to company building that continues to define our firm today.

While we are no longer CyberArk shareholders, having exited our position a few years after its IPO, we were proud to have been CyberArk’s leading and largest shareholder from its early days to several years after it became a public company and its emergence as an international category leader. While I was Chairman of the company, we partnered closely with the founders during the most formative years of its journey. Back in 2011, when many investors were ready to sell the company for $120 million, JVP chose to reinvest and increased our position to 47%, buying out early shareholders, bringing in Goldman Sachs as an equity investment partner, and partnering with management to lay the foundation for a strong international expansion. That pivotal moment gave the company the opportunity to scale into a true global market leader. 

CyberArk has always been ahead of the curve—pioneering insider threat protection, secrets management, machine-to-machine authentication, and most recently, preparing the world for secure Agentic-AI infrastructure. Its merger with Palo Alto Networks positions it to lead the AI era with a fully integrated, end-to-end security platform. 

We invite you to revisit JVP’s unique role in CyberArk’s growth in this Forbes featureReuters press, and from CyberArk’s newsroom.

This milestone is a reminder that JVP’s tried and true approach – invest, reinvest, roll up our sleeves, and work diligently alongside founders and management teams to build category leading global companies – works. The JVP Way, developed over 30 years, is what enables JVP to build companies that lead and transform industries to the benefit of our investors.

Today, we continue to apply the same methodology to our current portfolio with company after company surpassing the $100 million revenue threshold, with JVP owning 40% or more, as they too become category-leading international businesses.