Vancouver’s Semios has closed an $8 million financing round with private equity individuals from the Agtech community, with assistance from Haywood Securities.
Founded in 2010, Semios has grown into a worldwide network of sensors and control devices in specialty crops.
The Semios internet-of-things solution provides real-time insights into risks associated with weather, pests, disease, frost and irrigation on a Software-as-a-Service basis.
Combining remote access to real-time field conditions and acre-by-acre metered delivery of inputs is “the cornerstone of precision agriculture,” the Canadian company says.
“We are at a pivotal point in the company’s growth with more than 50,000 sensors deployed and over 10,000 acres under management,” Michael Gilbert, Founder and CEO of Semios, said. “Adoption of our platform is accelerating and our growers are asking for more features and services. With this new level of investor expertise and confidence, we’ll be able to expand the platform and accelerate the growth of our business.”
The company says it will use the funds to expand sales, services and R&D efforts.