Arable, a San Francisco, CA-based leader in field intelligence for agriculture, raised $40m in series C financing.
The round was led by Galvanize Climate Solutions, with participation from Qualcomm Ventures. Also joining the round are Arable’s existing investors, including Prelude Ventures, S2G Ventures, Ajax Strategies, Grupo Jacto, Middleland Capital, M2O and iSelect. In connection with their investment, Saloni Multani, partner at Galvanize Climate Solutions, joined Arable’s board.
The company will use the new funding to advance climate resilience in agriculture by accelerating product development, delivering new services for customers and expanding its global footprint.
Led by former Climate Corporation executive Jim Ethington, Arable enables companies in agriculture to optimize decisions and understand crop outcomes through data. The company’s integrated hardware, agronomic modeling, and software suite enables farmers, agronomists, researchers, processors, and food companies to understand the full crop system at the plant, field, and regional level, which helps to reduce risk, improve productivity, and optimize for sustainability.
To ensure the highest level of data accuracy, Arable has created a unique calibration and validation network of 30 global research institutions on more than 50 sites across 15 different climate zones who partner to produce industry-leading models that continuously improve with time through machine learning.
Today, Arable serves customers in over 40 countries and works with some of the most innovative food and agriculture leaders in the world, including Bayer, Netafim, Absolute Foods, The Nature Conservancy, Treasury Wine Estates, University of Nebraska, Embrapa and The World Food Programme.
To support growth, Arable has doubled the size of its team in the last year and added offices in Sao Paulo, Brazil, and Bangalore, India.
FinSMEs
25/07/2022