BeeHero raises $42 million Series B for precision pollination platform

BeeHero, which has developed a precision pollination platform, announced Thursday that it has completed a $42 million Series B investment round. Lead investor Convent Capital was joined by General Mills, Cibus Capital (formerly ADM Capital), Rabobank, MS&AD, Firsttime, J-Ventures, Plug&Play, iAngels, Gaingels, UpWest and others. BeeHero has raised $64 million to date.

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Founded in 2017 by Itai Kanot, Omer Davidi and Yuval Regev, the company operates out of Tel Aviv and Silicon Valley and employs 50 people, 30 of whom are in its Israeli R&D center.

BeeHero uses advanced data analytics, artificial intelligence and low-cost IoT sensors to bring transparency and efficiency to the complex logistics of commercial crop pollination. BeeHero’s Precision-Pollination-as-aa-Service aims to deliver better crop performance and increased profits for commercial crop producers and agribusiness stakeholders.

“General Mills’ investment is a huge achievement for us,” Davidi told Calcalist. “Agriculture is very important to them and they recognized the pollination problem a long time ago and there are ways to fix it. They are a strategic investor that They will open the doors to the future for us. Recession means that customers are trying to be more efficient and our solution helps them to do that.

BeeHero has invested several years in building the world’s largest bee and pollination dataset. The company is working hard to understand how this data can help further optimize pollination, the vital biological process on which most agricultural crops depend. Moving forward, the company plans to integrate new platform tools to further support farmers with a more accurate, real-time view of their crop development, leading to improved decision-making and ultimately better crop outcomes.

“We’ve seen firsthand the challenges our growers face from poor and inadequate pollination,” added Davidi. It is a very important tool that farmers can rely on to improve the performance of their crops. This new round of funding will help us continue to support the agricultural industry as it faces some of its toughest challenges yet, and is another step towards building a sustainable agricultural ecosystem.

With nearly 100,000 acres of high-value crops pollinated with BeeHero services, the company currently serves growers, beekeepers, farmers and agricultural retailers across the United States. Recently, the company has started expanding into Australia, Europe, South Africa and South America. .

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