Israeli robotic beehive maker raises USD 80 million in private funds.
Bees, an Israeli company that creates robotic beehives to help save bees from climate change, announced that it had raised $80 million in a private fundraising round headed by Insight Partners.
The fresh funding increases the total amount raised to $120 million. The company said that the new cash would be used to satisfy increased demand for its robotic beehives.
Beewise claims that its agricultural technology has saved more than 160 million bees in the last year.
The robotic beehives – shelters filled by bees and used by farmers – are powered by solar panels and climate-controlled and use automated harvesting.
Artificial intelligence (AI) can detect dangers to a honeybee colony, such as pests and insecticides.
According to the report, bees pollinate 30 percent of the world’s food supply and more than 70 percent of vegetables, fruit, seeds, and nuts.
In addition to Fortissimo Capital, Corner Ventures, Israeli financial firm Menora Mivtachim, lool ventures, Atooro Fund, brokerage Meitav Dash Investments Ltd, and Sanad Abu Dhabi, the funding round included Fortissimo Capital, Corner Ventures, Israeli financial firm Menora Mivtachim, lool ventures, Atooro Fund, brokerage Meitav Dash Investments Ltd, and Sanad Abu Dhabi.