Slovenian insect pest monitoring and forecasting platform Trapview has raised €10 million in Series B funding to accelerate the commercialization of digital solutions for insect monitoring and prediction. The circle led c European Foundation for the Circular Bioeconomy (ECBF) and supported Demeter and Pimvimic.

The new money in the wallet will accelerate the commercial development of the startup in Brazil, Europe, starting with France, Italy, Spain and the USA

Developed by a Slovenian company EFOS, Trapview’s automated traps send real-time data to farmers about the pest situation in their fields and use artificial intelligence to analyze and predict pest development dynamics. This allows farmers to take targeted measures to protect crops in a timely and reasonable manner instead of prophylactically spraying all crops with pesticides. This enables farmers to work more sustainably and efficiently and significantly reduce production costs by reducing pesticide use.

Agritech claims to be able to control more than 50 insect species, benefiting a wide range of farmers and other stakeholders in agriculture. With thousands of traps deployed in fields, the company offers a large database of pests and predictive algorithms. Its solutions are present in more than 40 countries around the world and in cultures ranging from tomatoes in Brazil and almonds in California to grapevines in Italy and salad greens in France and Spain.

Matej Stefancic, CEO and co-founder of EFOS said: “Modern sustainable crop protection against insects is almost impossible without accurate, reliable and up-to-date data on pest populations and development. Trapview offers a complete solution in this space.”

Stefan Roussel, an ECBF partner, added: “With thousands of AI-powered pest control solutions applied in the field, Trapview offers a platform for remote insect monitoring and prediction. In recent years, despite COVID​​​​​​, Trapview has gained significant momentum with farmers and value chain partners in Latin America, Europe and other regions. Our investment will provide Trapview with the resources to accelerate international expansion and meet the growing demand for its automated traps and software solutions.”

https://tech.eu/2022/09/20/by-reducing-pesticides-trapview-traps-eur10-million-to-speed-up-transition-to-more-sustainable-farming-practices

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