Semios, a Vancouver, B.C.-based company that develops agriculture technology to assess crop status and risks, today announced a $100 million investment round.
- Founded in 2010, Semios’ wireless IoT network helps farmers assess the yield and grade of their tree fruit, nut, and other crops in near real-time. 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 across the U.S., Canada, Australia, New Zealand, Europe and South Africa.
- The company aims to help farmers grow food more sustainably by reducing use of chemicals, better managing water, and organizing farming 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.
