“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 chief executive officer Dr. Michael Gilbert.
“We have seen firsthand 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.”
To-date, Semios has raised more than $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.