Artificial Intelligence | News | Insights | AiThority
[bsfp-cryptocurrency style=”widget-18″ align=”marquee” columns=”6″ coins=”selected” coins-count=”6″ coins-selected=”BTC,ETH,XRP,LTC,EOS,ADA,XLM,NEO,LTC,EOS,XEM,DASH,USDT,BNB,QTUM,XVG,ONT,ZEC,STEEM” currency=”USD” title=”Cryptocurrency Widget” show_title=”0″ icon=”” scheme=”light” bs-show-desktop=”1″ bs-show-tablet=”1″ bs-show-phone=”1″ custom-css-class=”” custom-id=”” css=”.vc_custom_1523079266073{margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}”]

Semios Raises $100 Million in Capital to Expand agtech Platform Globally

New Funding Will Further International Expansion as Company Eyes New Partnerships and Acquisitions

Semios, a leading precision-farming platform and one of the world’s largest independent agtech solutions providers, announced it has raised $100 million in funding led by Morningside Group, a Boston-based private equity and venture capital firm committed to investing in socially responsible businesses. This funding will enable the agtech provider to accelerate its R&D and deployment of solutions to help growers worldwide reduce chemical inputs, better manage water, organize farming data and improve crop outcomes.

Recommended AI News: Avatar Making App for Metaverse “MakeAvatar” Linked With Social VR “VRChat “

“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. Our 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.”

Related Posts
1 of 32,317

Recommended AI News: DoubleVerify Partners With TikTok To Measure Viewability And Invalid Traffic

To-date, Semios has raised over $225 million in external capital. Last year, Semios announced $100 million in funding, also led by Morningside Group, that bolstered the company’s balance sheet for the acquisitions of Altrac, Centricity and Agworld in 2021. The integration of third-party agricultural solutions into its crop management platform is helping growers get the most accurate view of their crop’s development as it happens, all in one place, leading to improved decision making and ultimately better crop outcomes amidst a more volatile climate and challenging growing conditions.

“Morningside invests in companies committed to tackling pressing global challenges head on,” said Mick Sawka, Investment Manager at Morningside Group. “The ability to not only maintain but also enhance the sustainability of our food systems amid the complex dynamics of a changing climate is one of the world’s most pressing needs of our time. Semios is a leader in helping farmers respond to this challenge and we’re proud to stand beside them.”

With more than 120 million acres of row and permanent crops under management , Semios serves growers, agronomists and ag retailers across the US, CanadaAustraliaNew ZealandEurope and South Africa with solutions as diverse as farm management planning, logistics and execution, record keeping, agronomy and automation.

Recommended AI News: Cloudflare Announces R2 Storage; Fast and Reliable S3-Compatible Object Storage for the Edge Area

[To share your insights with us, please write to sghosh@martechseries.com ]

Comments are closed.