New funding is to further international expansion as Semios eyes new partnerships and acquisitions.
Precision farming platform Semios announced it has raised $ 100 million in funding led by Morningside Group, a Boston-based private equity and venture capital firm. This funding it to enable Semios provider to accelerate its R&D and deployment of solutions to help growers worldwide reduce chemical inputs, better manage water, organise farming data and improve crop outcomes.
Semios provides an all-in-one crop management platform for tree fruit, nuts and vines. The company installs and monitors systems and scouting tools for climate monitoring, insect pest management, disease management, frost management, water management, and plant stress monitoring.
“Semios is on a mission to simplify the grower’s experience, leveraging big data analytics and machine learning to help them mitigate crop risk so they can focus on growing more food, more sustainably,” said Dr. Michael Gilbert, CEO of Semios.
“We have seen first hand the challenges our customers are facing in the field – from severe drought and devastating fires, to frost, reduced profitability and an increasing regulatory burden. But, in the face of these challenges, farmers are adapting to meet the nutritional needs of our growing population with new technologies.”
Gilbert said Semios’ recent acquisitions are aimed at bringing the tools farmers need to manage their crops under one roof. “This latest round of funding will help us continue to support the agricultural industry as it faces some of its toughest challenges yet.”