Ceres Imaging, an Oakland, Calif.-based aerial spectral imagery and analytics company serving the agricultural sector, raised $5m in Series A funding.
The round was led by Romulus Capital.
The company, which has raised $8m to date, will use the funds to scale in its current markets, speed entry into new crops, and hire additional staff.
Led by Ashwin Madgavkar, founder and CEO, Ceres Imaging provides an aerial imaging and analytics platform that captures, processes, and delivers high-resolution spectral imagery-as-a-service for agriculture. The solution brings advances in spectral imaging technologies to the field, leveraging its team of Ph.D. agronomists, hydrologists, and remote sensing experts to translate aerial images into actionable guidance for growers.
The company, which currently manages hundreds of thousands of acres across the US and Australia, across multiple crops ranging from tree nuts and vegetables to corn and soybeans, has also received grants from the Elemental Accelerator, the U.S.D.A., and the State of California.