4 years ago

PlanetWatchers Secures £2.5M to Transform Crop Insurance with Machine Learning

  • London-based PlanetWatchers has raised £2.5 million in a pre-Series A funding round led by Seraphim Capital and Creative Ventures

  • The company will use the funds to expand its commercial team and invest in technology to enhance its crop monitoring platform

  • PlanetWatchers leverages machine learning and SAR data to provide accurate insights for crop insurers, including planting dates, acreage, and claims validation.

      • ProblemTechnology

      "Crop insurance assessments are slow, expensive, and unreliable due to the difficulty of assessing crop damage across vast areas, often hindered by weather conditions."

      Solution

      "PlanetWatchers leverages Synthetic Aperture Radar (SAR) data and machine learning to provide rapid, accurate, and weather-independent crop monitoring and assessment for insurance claims, reducing overheads and improving customer satisfaction."

      Covered on