Semios, a Vancouver, BC-based precision-farming platform, raised $100m in funding.
The round was led by Morningside Group.
The company intends to use the funds to accelerate its R&D and deployment of solutions to allow growers worldwide to reduce chemical inputs, manage water, organize farming data and improve crop outcomes.
Founded in 2010 by Dr. Michael Gilbert, CEO, Semios offers Precision Agriculture as a Service™ that started with real-time crop data and pest management tools for growers of tree fruit, nuts and other permanent crops. Leveraging a network of sensors that provide more than 500M data points measuring climate, soil moisture, insect and disease activity daily, the company applies big data analytics and machine learning to reduce and mitigate crop risks for growers. In 2021, Semios acquired Altrac, Centricity and Agworld. The integration of third-party agricultural solutions into its crop management platform enables growers to get the most accurate view of their crop’s development as it happens, all in one place, leading to improved decision making and improved crop outcomes.
With more than 120 million acres of row and permanent crops under management today, Semios serves growers, agronomists and ag retailers across the US, Canada, Australia, New Zealand, Europe and South Africa with solutions as diverse as farm management planning, logistics and execution, record keeping, agronomy and automation.
To-date, the company has raised over $225m in external capital.
FinSMEs
29/09/2021