About Proveye
Proveye is a company based in Dublin (Ireland) founded in 2018 by Jerome O Connell.. Proveye has raised $1.09 million across 2 funding rounds from investors including European Space Agency, Enterprise Ireland and Inspire Investments. Proveye offers products and services including Proveye Platform, Grassland Management Tool, and Photogrammetry Solution. Proveye operates in a competitive market with competitors including The Climate, SeeTree, SatSure, Fyllo and Aerobotics, among others.
- Headquarter Dublin, Ireland
- Founders Jerome O Connell
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Sectors
AgricultureTechnology
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.09 M (USD)
in 2 rounds
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Latest Funding Round
$1.09 M (USD), Seed
Jan 25, 2023
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Investors
European Space Agency
& 2 more
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Employee Count
Employee Count
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Products & Services of Proveye
Proveye offers a comprehensive portfolio of products and services, including Proveye Platform, Grassland Management Tool, and Photogrammetry Solution. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for advanced image analysis in multiple sectors
Tool for monitoring grasslands and carbon sequestration
Solution for precision mapping and 3D modelling
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Funding Insights of Proveye
Proveye has successfully raised a total of $1.09M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $1.09 million completed in January 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $1.1M
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First Round
First Round
(13 Sep 2022)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2023 | Amount | Seed - Proveye | Valuation | Enterprise Ireland , Inspire Investments |
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| Sep, 2022 | Amount | Grant - Proveye | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Proveye
Proveye has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include European Space Agency, Enterprise Ireland and Inspire Investments. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Support is provided to Irish manufacturing and service sector businesses.
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Government space exploration services are provided across Europe.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Proveye
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Proveye
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Proveye Comparisons
Competitors of Proveye
Proveye operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as The Climate, SeeTree, SatSure, Fyllo and Aerobotics, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Integrated platform providing hardware and software for farm and weather data analytics
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| domain | founded_year | HQ Location |
Tree health is analyzed via machine learning and data-driven solutions.
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| domain | founded_year | HQ Location |
Geospatial data analytics are powered by AI for business insights.
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| domain | founded_year | HQ Location |
Fyllo is engaged in providing agritech solutions for farmers.
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| domain | founded_year | HQ Location |
Drone-based farm monitoring and pest management solutions are offered.
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| domain | founded_year | HQ Location |
Satellite imaging and image processing technology
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Proveye
Frequently Asked Questions about Proveye
When was Proveye founded?
Proveye was founded in 2018 and raised its 1st funding round 4 years after it was founded.
Where is Proveye located?
Proveye is headquartered in Dublin, Ireland.
Who is the current CEO of Proveye?
Jerome O Connell is the current CEO of Proveye. They have also founded this company.
Is Proveye a funded company?
Proveye is a funded company, having raised a total of $1.09M across 2 funding rounds to date. The company's 1st funding round was a Grant of $227.71K, raised on Sep 13, 2022.
What does Proveye do?
Proveye was founded in 2018 in Dublin, Ireland, within the agriculture technology sector. An AI platform is provided that aggregates image data from various systems and sensors, delivering analysis at leaf, field, and national levels. Crop yield estimation, margin optimization, management planning, health monitoring, and disease detection are supported through these services for farmers.
Who are the top competitors of Proveye?
Proveye's top competitors include Fyllo, Fasal and The Climate.
What products or services does Proveye offer?
Proveye offers Proveye Platform, Grassland Management Tool, and Photogrammetry Solution.
Who are Proveye's investors?
Proveye has 3 investors. Key investors include European Space Agency, Enterprise Ireland, and Inspire Investments.
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