EarthOptics, an Arlington, VA-based company which specializes in soil digitization and predictive agronomy, raised $24M in funding.
The round was led by Conti Ventures and The Production Board. Backers included Cibus Capital, RuralWorks Partners, Norinchukin Bank, Leaps by Bayer, S2G Ventures, Middleland Capital’s VTC Ventures, Cooperative Ventures, iSelect Fund, Serra Ventures, TO VC, Route 66 Ventures, Shell Ventures, Pappas Capital, CNH Ventures, and Rabo Ventures.
The company intends to use the funds to accelerate technological innovation, broaden its geographic reach, and consolidate its position as an authoritative source for soil insights.
Led by CEO Lars Dyrud, EarthOptics leverages advances in soil-sensing technologies, genomics, and data science to give farmers and ranchers actionable insights into their soil’s chemical, physical, and biological properties. By combining lab-based analysis with field-based sensors, it offers a wide range of predictive insights that help farmers and ranchers optimize their spending and unlock sustainable farming opportunities.
The strategic merger between EarthOptics and Pattern Ag has combined EarthOptics’ proprietary field-based sensing technologies with Pattern Ag’s lab-based analysis. The newly formed entity offers comprehensive and precise soil data.
The company has offices in Raleigh, North Carolina; Emeryville, California; Arlington and Blacksburg, Virginia; Minneapolis, Minnesota; and Fayetteville, Arkansas, along with two laboratories in Emeryville, California and Memphis, Tennessee.
FinSMEs
19/11/2024