PlanetWatchers, a revolutionary crop monitoring company that can provide detailed crop insights, at any time, regardless of weather and lighting conditions, has raised $11m as part of its series A funding round as part of the Company’s ambitious growth plans.
PlanetWatchers is a technology company that uses advanced machine learning to support crop insurers and the agricultural industry in verifying cover crops, tillage, planting dates, acreage, crop classification and weather damage at scale. The Company uses Synthetic Aperture Radar (SAR) data to provide accurate insight at scale. PlanetWatchers exploits the unique benefits of SAR, to create in-season insights that reduce overheads and increase customer satisfaction.
The Company, which works with a large number of crop insurance companies, uses time series-based radar data to provide detailed analysis of claims without ever visiting the field. The use of SAR, a powerful remote sensing technology bouncing microwave signals off the Earth’s surface, helps PlanetWatchers to detect physical properties and the changes to them over time, proving valuable insight to its customers.
The latest funding round builds on the successful pre-series A round, which the Company closed in June 2021 and allows PlanetWatchers to significantly increase its commercial footprint with crop insurers and agricultural input providers. The proceeds raised will also allow the company to continue to invest in its industry-leading SAR-based data analytics alongside the expansion of its commercial teams to maximise opportunities and address the increasing market demand to help solve global food security issues.
