Ceres Imaging will get $25M to intelligently scan crops from above – TechCrunch
Agtech startup Ceres Imaging, which makes use of pc imaginative and prescient and spectral imaging tech to ship insights about crops to farmers, has closed a brand new spherical of funding.
The Oakland-based firm has pulled in a $25 million spherical led by Perception Enterprise Companions, with participation from Romulus Capital. They’ve raised round $35 million so far.
Because the firm closed their Sequence A, they’ve continued increasing their efforts past vineyards and orchards into “row crops” like corn, soybeans and wheat. Whereas these crops could also be decrease margin by nature, they provide a giant alternative with regards to scaling up their operations and tackling issues on a much bigger scale.
“Our imagery helps farmers cope with a changing world full of challenges such as climate variability, labor shortages, and depressed markets,” stated Ceres Imaging CEO Ashwin Madgavkar in a press release.
Not like most of the different startups trying to present evaluation of farmers’ crops from above, Ceres Imaging isn’t trying to stick their tech onto drones, as a substitute choosing manned airplanes to hold the substantial proprietary tools and collect the imagery knowledge in a much less automated capability.
This knowledge goes past bare eye imagery, gathering spectral knowledge that may ship insights into the water and nutrient content material of the crops. This knowledge identifies early warning indicators for injury and in the end provides prospects within the U.S. and Australia insights on how finest to fertilize, water and apply pesticides to their crop, the corporate says.