Precision farming provider Ceres Imaging has raised $23 million in Series C funding with investments led by XTX Ventures and REMUS Capital, joined by Insight Partners and B37 Ventures.
With this investment, Ceres Imaging will expand its end-to-end solutions suite, supporting the development of more advanced AI applications that improve irrigation management practices and resource use efficiency at the farm level.
“We know AI is the future of farming when it comes to maximum efficiency, sustainability and profitability across an operation,” said Ashwin Madgavkar, CEO and founder at Ceres Imaging. “Coupling AI with remote sensing technologies, allows agriculture stakeholders to analyze their nutrient and water management in ways that wouldn’t have been possible just a few years ago.”
Founded in 2014, Ceres Imaging's technology deploys real-time data via an innovative digital mobile interface that allows growers to quickly quantify patterns of crop stress and prioritize corrective actions.