EarthOptics, an Arlington, VA-based company which specializes in soil measurement and insights, raised $27.6M in Series B funding.
The round was led by Conti Ventures with participation from Rabo Food & Ag Innovation Fund (RFAIF), CNH Industrial, Louis Dreyfus Company Ventures, and CHS and Growmark’s Cooperative Ventures, and current investors Leaps by Bayer, FHB Ventures, S2G Ventures, iSelect Fund, Route 66 Ventures, and Middleland Capital’s VTC Ventures.
The company intends to use the funds to expand access to tools and deliver hyper-accurate soil insights.
Founded in 2018 and led by Lars Dyrud, CEO, EarthOptics is an agricultural technology company developing next-generation soil-sensing technologies that give growers insights into the physical characteristics of their soil. It uses a combination of ground-based sensors, satellites, physical soil samples, machine learning models and agronomic expertise to help farmers and ranchers make data-driven decisions about their land. This technology delivers insights to help farmers optimize fertilizer applications, make informed tillage decisions, quantify carbon sequestration and more.
FinSMEs
18/01/2023