# Planet Watchers

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/planet-watchers

- Industry: Software
- Headquarters: Tel Aviv-Yafo, Israel
- Website: www.planetwatchers.com
- Total disclosed funding: $14M
- Latest round: Series A (Sep 26, 2022)
- Investors on record: 8

## About

Planet Watchers Ltd. is an innovative provider of data capture and claims validation solutions specifically for the North American crop insurance sector, enhancing efficiency and accuracy in agricultural monitoring.Planet Watchers Ltd. was founded in 2016 and is headquartered in Tel Aviv-Yafo, Israel. The company specializes in offering advanced data solutions tailored for agricultural insurance providers. Roi Shilo, the founder, has a background in technology-driven enterprises. In September 2022, Planet Watchers raised USD 11.000 mn in Series A funding, co-led by Creative Ventures and Seraphim Capital, bringing the total amount raised to USD 11.000 mn. This funding supports the company's growth initiatives.PlanetWatchers specializes in providing advanced data capture and claims validation solutions specifically tailored for the North American crop insurance industry. Their core product offerings include automated acreage reporting, claims validation services, and wind damage analysis, all designed to enhance the efficiency and accuracy of agricultural monitoring. These services utilize sophisticated algorithms and extensive expertise to automate the collection and validation of policy data, enabling insurers to quickly assess crop conditions and damages. Their automated acreage reporting is delivered by July 1st each year, offering critical insights such as plant dates and crop IDs, while claims validation services deliver detailed crop damage maps, including flood detection, to facilitate prompt claims resolution. The company primarily serves agricultural insurance providers, agents, and growers throughout the United States and Canada, aiming to significantly reduce operational costs and improve customer service through their innovative solutions.The revenue model of PlanetWatchers revolves around establishing partnerships with agricultural insurance providers that leverage their technology-driven services. Transactions typically occur through subscription agreements and long-term partnerships, wherein clients pay for access to services such as automated acreage reporting and comprehensive claims validation tools. The pricing structure is designed to reflect the value added by enhanced data accuracy and operational efficiency, with potential service tiers based on the scale of data usage and reporting needs. Each service, including flagship offerings such as detailed crop damage maps and forensic analysis reports, generates revenue directly from these B2B transactions. By providing timely and actionable insights, PlanetWatchers allows their clients to optimize their operational workflows, further reinforcing the financial benefits of their service offerings.In September 2022, Planet Watchers Ltd. raised USD 11.000 mn in Series A funding, which will be utilized to further develop its product offerings, grow its manpower, and expand its business reach. The company is focused on launching new products designed to enhance its existing services. Additionally, Planet Watchers plans to penetrate new markets in North America, aiming for geographic expansion by 2023.

## Funding rounds

- Series A, Sep 26, 2022, $11M — Seraphim Space Manager, Trendlines Group, B.I.G. Capital, Creative Ventures, Ridgeline
- Seed, Oct 1, 2019, $1.5M — Seraphim Space Manager
- Seed, Jul 2, 2017, $1.8M — Resolute Ventures, ZORA Ventures, Tectonic Capital

## Investors

- Resolute Ventures (https://capitalatlas.ai/funds/resolute-ventures) — Seed
- ZORA Ventures (https://capitalatlas.ai/funds/zora-ventures) — Seed
- Tectonic Capital (https://capitalatlas.ai/funds/tectonic-capital) — Seed
- Seraphim Space Manager (https://capitalatlas.ai/funds/seraphim-space-manager) — Seed, Series A
- Trendlines Group (https://capitalatlas.ai/funds/trendlines-group) — Series A
- B.I.G. Capital (https://capitalatlas.ai/funds/b-i-g-capital) — Series A
- Creative Ventures (https://capitalatlas.ai/funds/creative-ventures) — Series A
- Ridgeline (https://capitalatlas.ai/funds/ridgeline) — Series A