Semios, a company based in Vancouver, B.C. which develops agricultural technology to assess the health and risks of crops, announced today a $ 100 million investment round.
Founded in 2010, Semios’ wireless IoT network helps farmers assess the yield and grade of their fruit trees, nuts, and other crops in near real time. The sensors measure climate, soil moisture, and insect and disease activity. Other services include farm management planning and record keeping.
Semios manages more than 120 million acres of row and permanent crops, serving agronomists and retailers in the United States, Canada, Australia, New Zealand, Europe and South Africa.
The company aims to help farmers grow food more sustainably by reducing the use of chemicals, better water management and organizing agricultural data.
Boston-based Morningside Group led the funding round. Total capital raised to date is $ 225 million, including a $ 75 million round led by Morningside last February.
