Semios Announces US$75M in Funding to Expand Largest IoT Network in Agriculture

By PR Newswire

Semios, the leading precision farming platform for permanent crops, has raised US$75 million in private equity funding to advance the development of its data-driven crop management solution, reports the company. The financing was led by Morningside Group, a Boston-based private equity and venture capital firm. Since its founding in 2010, Semios has secured a total of US$115 million in external capital.

Semios has seen revenues double year-over-year, on average, since 2015. The company’s rapid growth is the result of its relentless focus on providing precision farming solutions that address production challenges such as insect damage encountered by growers of crops including almonds, apples, pistachios and grapes.

“The Semios IoT network, the largest in agriculture, provides critical insights into the relationships between organisms and their environments, leveraging big data, machine learning and artificial intelligence,” said Semios CEO & founder, Dr. Michael Gilbert. “We amplify the experience and confidence of farmers by providing a clear picture of how environmental and agronomic factors influence the yield and grade of their crops. This investment will help us continue to deliver innovative solutions to the most pressing problems growers have told us they face.”

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