Semios, a Vancouver, BC-based company developing agricultural technology to assess crop status and risk, today announced a $ 100 million investment.
- Founded in 2010, Semios wireless IoT network helps farmers assess the yield and quality of their tree fruits, nuts and other crops in near real time. Sensors measure the climate, soil moisture, and insect and disease activity. Other services include operational management planning and record keeping.
- Semios manages more than 120 million hectares of row and permanent crops, serving agronomists and retailers in the US, 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 managing water 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 in February.