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Earthoptics Raises $10.3 Million In Series A Funding, Led By Leaps By Bayer, To Accelerate Carbon Mapping

Sep 21, 2021•almost 4 years ago

Amount Raised

$10.3 Million

Round Type

series a

Arlington

Description

EarthOptics has closed its Series A investment round, raising an additional $10.3 million in funding. This funding will enable further growth and expansion across more farmland of its patent-pending soil mapping and machine learning technologies. Lead investor Leaps by Bayer, the impact investment arm of Bayer, is joined in this Series by new investors S2G Ventures and previous investors FHB Ventures, Middleland Capital's VTC Ventures and Route 66 Ventures.

Company Information

Company

Earth Optics

Location

Arlington, Massachusetts, United States

About

At EarthOptics, we see soil. Differently. GroundTruth Ag, Inc., dba EarthOptics, was founded in 2018 and has offices in Raleigh, NC; Arlington and Blacksburg, VA; Minneapolis, MN; and Fayetteville, AR. EarthOptics is an agricultural technology company developing next-generation soil-sensing technologies that give growers revolutionary insights into the physical characteristics of their soil. EarthOptics beat out three finalists and more than 100 international agtech startup entries to win the AGCO Innovation Challenge Award during the 2021 World Agri-Tech Innovation Summit. We believe that below-ground precision and innovation in the soil space is long overdue. Our ultimate goal is to deliver point-of-care soil health insights – related to physical, chemical and biological attributes of soil – in real time. To achieve this goal, we've assembled a team with diverse backgrounds in engineering, software development, geospatial analytics, data science, machine learning, and logistics and operations. To learn more, visit www.earthoptics.com or connect with us on LinkedIn at www.linkedin.com/company/earthoptics/.

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