Ceres Imaging, an Oakland, Calif.-based aerial spectral imagery and analytics company for farmers, secured an additional $2.5m in Series A funding.
The round was led by Romulus Capital.
The company, which has raised a total of $10.5m since its founding in 2014, will use the funds to bring its innovative technology to growers in Australia, California and the U.S. Midwest, with a focus on accelerated product development for row and cereal crops.
Led by Ashwin Madgavkar, CEO and founder, Ceres Imaging provides farmers with university-validated agronomic insights delivered via aerial spectral imagery, proprietary sensors and analytics, and artificial intelligence (AI) technology, to take action and solve problems with crops, optimizing inputs like water and fertilizer.
The company provides solutions for water stress, chlorophyll content, canopy vigor, thermal analysis, and plant counting. Ceres applies computer vision to the processing of raw data and incorporates machine learning technology to separate plants from dirt, as well as convolutional neural networks – an advanced AI technology – to assign data at an individual plant level, enabling growers to see differences in plants over time.
FinSMEs
01/11/2017