Singapore Vertex and Malaysia Kuok lead $30m agritech round

Taranis uses AI-equipped drones to analyze weeds and other crop killers

Taranis drones have helped John Deere, Syngenta, Nutrien, Climate Corp and BASF to monitor and maintain the health of crops. © Reuters

SARAH YUNIARNI, DealStreetAsia

July 22, 2020 15:01 JST

JAKARTA -- U.S.-headquartered agricultural intelligence startup Taranis announced on Tuesday the close of a $30 million Series C round led by Vertex Growth and Orion Fund, a venture fund backed by Southeast Asian conglomerate Kuok Group.

The round was joined by new investors, including Hitachi Ventures, Mitsubishi UFJ Capital, Micron Ventures, UMC Capital, La Maison, Mindset Ventures, iAngels and Gal Yarden.