Semios, a Vancouver, British Columbia, Canada-based precision farming platform for permanent crops, raised US$75m in funding.
The round was led by Morningside Group.
The company, which has secured a total of US$115m in external capital so far, intends to use the funds to accelerate research, development, partnerships or acquisitions to use in-field data.
Founded in 2010 by CEO Dr. Michael Gilbert, Semios provides data-driven crop management solutions that address production challenges such as insect damage encountered by growers of crops including almonds, apples, pistachios and grapes. The system collects sensory data on every acre in near real-time, helping farmers manage the complex biosystems in orchards to optimize the sustainability and profitability of their crops. Its cloud-based analytics platform ingests granular data from over one million IoT sensors in the field, measuring in-canopy microclimate, soil and plant conditions every 10 minutes. The data points collected daily feed established and proprietary models that provide guidance to improve agricultural practices addressing weather, insects, disease and water management challenges. Semios allows over 500 farms in the United States to manage more than 150,000 acres of permanent crops.