Ceres, an AI and data analytics platform to acquire, manage, and insure farmlands has raised series D funding led by Remus Capital. Ceres also rebrand to Ceres AI highlights a foundation and leadership in computer vision and machine learning, which are crucial in enabling all participants in the agricultural industry – in particular large agribusinesses and financial services customers – to access quality data to make faster and more accurate data-driven decisions.
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Over the last decade, CeresAI has collected 12+ billion unique plant-level data points from 40 different crop types across four different continents. This robust and highly accurate dataset underpins Ceres’ proprietary machine learning algorithm, which delivers field-level agronomic insights to the largest farms, lenders and insurers in the world. These AI-powered insights help enterprise customers manage and operate their land, mitigate risk, underwrite policies, and report sustainability metrics with confidence.
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“Ceres AI is a leader in the Ag industry due to the sophistication with which we capture and analyze agricultural data,” says Ramsey Masri, CEO of Ceres AI. “Having leveraged AI & ML since inception, we felt it was time to highlight our strengths in this area with a name that better reflects our foundation and leadership in the space.”
Alongside the rebranding, Ceres AI also revealed a Series D capital raise led by Remus Capital, which specializes in applying AI in large verticals, and the company has appointed Remus CEO Krishna K. Gupta as Chairman of Ceres AI. The new funding will support expansion both domestically and internationally, as Ceres AI hones its focus on agribusinesses and financial services on its path toward profitability.
“Verticalized AI opportunities extend beyond LLMs alone, as they unlock the next layers of massive value in a given vertical,” says Gupta. “Given the distribution challenges intrinsic to the agriculture industry, incumbent startups like Ceres AI are poised to capture most of the value. We will be very involved in incorporating the latest AI advances to benefit Ceres’ customers and scale the company’s business in insurance, lending and agribusiness companies. It is a new era for Ceres.”
About CeresAI
CeresAI believe the future of agriculture depends on building the right tools to help farmers, insurers, lenders, and sustainability partners make the most of their limited resources. CeresAI is a science-driven organization with a vision of sustainable agriculture that works for farmers. Today, Ceres AI is a high-growth, venture-backed company supporting sustainable, profitable agriculture across four continents and 40 crop types. From our headquarters in Oakland, California, CeresAI built a global team of scientists, engineers, and agronomists passionate about artificial intelligence and sustainable agriculture.
