On Wednesday, Sentera, the Minnesota agtech startup whose synthetic intelligence (AI)-powered choice optimizer for farming is Utilized In further than 70 nations, introduced that it has raised a Collection C funding spherical of $25 million. The spherical was led by Canadian institutional investor Caisse de dépôt et placement du Québec (CDPQ) and agriculture enterprise capital fund S2G Ventures.
Sentera is a SaaS (Computer software-as-a-service) agency constructed aspherical a flagship product, FieldAgent, a precision farming Computer software software that synthesizes satellite tv for pc knowledge, on-area gear, climate, soil, drone sensors and area observations, using machine studying, AI and predictive modeling. FieldAgent processes this information to generate insights Which will optimize agronomic outcomes throughout the meals and agriculture worth And current chains.
Collectively with CDPQ and S2G Ventures, new buyers Akroyd LLC and Mexico Metropolis various belongings supervisor KuE Capital joined the spherical. Present buyers, together with worldwide agribusiness investor Continental Grain Company, St. Louis-based mostly meals enterprise capital fund iSelect Fund and Washington, D.C. agtech investor Middleland Capital.
“Sentera continues to show that They will ship greater effectivity throughout the agricultural current chain by way of innovation and integration,” said Sanjeev Krishnan, Chief Funding Officer and Managing Director at S2G Ventures, which co-led the spherical. “We’re excited by The worth that Sentera has been In a place to convey to the market and inspired by What’s To return from their group as they velocity up the tempo of enchancment and commercialization.”
Final fall, Sentera expanded its longtime partnership with beer brewer Anheuser-Busch To current grower-diploma insights, based mostly on superior distant sensors, to pinpoint optimum nitrogen use for rice. Per Sentera, nitrogen is presently Definitely one of many largest enter prices for rice farmers. Gauging right fertilizer levels has essential implications for crop yields, well being, farm profitability and the environment. Anheuser-Busch’s in-house agronomists are presently using Sentera’s know-how to make exact, area-diploma nutrient and nitrogen prescriptions To Guarantee optimum yields for rice growers.