Funding is a strong statement about the durability, momentum and outstanding potential of this business
Sentera, an industry-leading provider of ag analytics, announced a successful expansion of its previously oversubscribed Series C funding round. The round was led by Conti Ventures (a division of Continental Grain Company) and S2G Ventures. Following this round, Sentera forecasts that its capital requirements to achieve profitability and positive cash flow are fully funded.
Sentera’s data science ecosystem is an industry leader by combining aerial data collection with machine learning engines that deliver more accurate plant-level measurements and insights. Its customers, which include agriscience leaders in research and product development, are empowered to advance their work by getting essential data to validate outcomes, augment product development, and support sustainability initiatives.
“We believe Sentera has unlocked value for its enterprise customers and partners with differentiated technology illustrated by its accelerated growth and blue-chip customer list,” said Chris Abbott, co-head, of Conti Ventures. “In an environment where current capital markets continue to put stress on AgTech fundraising, we believe this funding is a strong statement about the durability, momentum, and outstanding potential of this business.”
Sentera serves customers in more than 45 countries. The company most recently reported 40 per cent year-over-year growth, with key growth drivers in its innovative data capture technology, advanced machine learning, digital phenotyping, and localised data model segments.
Sentera’s data science ecosystem features an advanced geospatial data platform powered by deep learning and agronomic machine learning that deliver comprehensive phenotyping and product performance insights. Insights scale from plant-level tracking and modelling to regional estimates of yield, nutrient uptake, and attributes of crop quality. The company integrates public and customer-proprietary data to deliver high-accuracy insights efficiently and quickly.
“Our platform catalyzes our customers’ ability to transform pools of data into the insights that inform their most critical decisions,” said Eric Taipale, chief technology officer and co-founder, Sentera. “We can deliver tailored – and therefore more accurate – tools more quickly and more cost-effectively because of the capabilities we’ve built. This forms the basis for strong partnerships that translate into meaningful competitive advantages for our customers.”
