Arable Labs Inc., a Princeton, NJ-based data-driven land management platform provider, closed a $4.25m Series A round of funding.
The round was led by Middleland Capital’s agriculture technology fund and S2G Ventures with participation from new investors Chase Field, Spark Labs and Cantos VC. In conjunction with the funding, Brian Mixer, Managing Director of Middleland Capital, will be joining the Arable Board of Directors.
The company intends to use the new funds for the expansion of data science and analytics for the food and ag supply chain, fueled by mass production of the Arable Mark IoT device (formerly known as PulsePod) later this year.
Led by Dr. Adam Wolf, CEO, Arable provides a data-driven land management platform as well as the Arable Mark, a weather and crop monitoring IoT device. The company’s connected hardware enables farmers, advisors, insurers, processors, lenders, and governments to understand facts on the ground in real-time. Its set of advanced measurements gives users data-driven predictions of crop yields, quality, timing, and perishability, to increase efficiencies across the entire agricultural supply chain.