Israeli robotic hive maker Beewise raises $80 million to save bees from climate change | tech news

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Did you know that over 30% of the world’s food supply relies on bee pollination? Did you also know that climate change is reducing the abundance and diversity of wild bees? Wild bees are more affected by climate change than habitat disruption, according to a report released by a team of researchers from Penn State University.

The results suggest that climate change is a major factor contributing to the decline in pollinator populations. Every year more than 30 percent of honey bee colonies disappear mainly due to climate change. Bees are dying and most people just live on.

To reverse this trend, it is imperative that we air breathers understand the importance of this species and start paying more attention to how we save them from extinction. That’s why Israel-based robotics tech startup and maker of the robotic beehive Beewise has embarked on a mission to save the bees from climate change. In the past year alone, Beewise saved over 160 million bees with its Beehome robotic device.

Today, Beewise announced it has raised in a private funding round led by New York-based private equity firm Insight Partners, with participation from Fortissimo Capital, Corner Ventures, lool ventures, Atooro Fund, Meitav Dash Investments Ltd and Sanad Abu Dhabi 80 raised millions of dollars.

The latest round of funding brings the company’s total funds to date to $120 million, it said, adding that the new funding will help meet rising demand for its robotic hives.

Founded in 2018 by CEO Saar Safra, Boaz Petersil, Eliyah Radzyner, Hallel Schreier and Yossi Sorin, Beewise is the maker of the world’s first robotic beehive. The Beehome device houses 24 colonies and allows beekeepers to remotely treat their hives and take care of bees.

“Our entire global food supply is threatened by a devastating collapse in the world honey bee population. Beewise impressed us as the only solution that addresses all of the complex issues contributing to the collapse,” said Daniel Aronovitz, director at Insight Partners. “Not only have we funded a company with a fantastic business model; It also addresses one of the greatest challenges facing our planet.”

Climate-controlled and with automatic harvesting, the robotic hives — coops populated by bees and used by farmers — are powered by solar panels. Using artificial technologies (AI), beekeepers can detect threats such as pests and pesticides to a honey bee colony.

It notes that pollination is vital to life on the planet as 30% of the world’s food supply and more than 70% of vegetables, fruits, seeds and nuts are pollinated by bees.

“We are the only company on the planet using precision robotics along with the world’s most innovative technologies like AI and computer vision to save the bees,” said Saar Safra, CEO and co-founder of Beewise. “Our Beewise team is thrilled to be supported by an incredible list of investors in our Series C who understand our dedication, tenacity and passion to successfully save the bees and reverse the trend of bee colony collapse.”

Beewise CEO Saar Safra

Below is a video from Beewise.



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