Rabobank’s Food & Agri Innovation Fund and UPL have backed a $10.2m round for the grain storage monitor developer.
US-based grain storage technology developer TeleSense has raised $10.2m in a series B round from a consortium including financial services firm Rabobank’s Food & Agri Innovation Fund and chemicals producer UPL
Venture capital firm Finistere Ventures led the round, which included Fulcrum Global Capital, Artesian and Mindset Ventures.
TeleSense has combined artificial intelligence and internet-of-things technology in a system called CellularSpear which generates data about stored grain, helping its owners avoid spoilage.
The company has also added Soren Wolck Schroder,…
