Climate volatility helps AgTech platform Semios raise $100M round led by Morningside
https://techcrunch.com/2021/09/29/climate-volatility-helps-agtech-platform-semios-raise-100m-round-led-by-morningside/
One of the greatest challenges for farmers today is the increasingly volatility in the climate, leading to unpredictable weather patterns, making growing conditions challenging. If farmers can’t grow crops, then our food security is as risk. Gradually, the field of AgTech is attempting to address this issue.
There are increasing numbers of FaaS or ‘Farming as a Service’ startups that are looking to help farmers manage crop yields and plug into IOt sensors or data such as weather platforms. Sencrop from France has raised $12M, Augmenta (Greece) is a yield boosting platform that has raised $11.2M and Ekylibre (France) is an open-source ERP for farmers which has raised an undisclosed Series A.