Sentera, a Minneapolis-based provider of drone solutions for the agricultural market, has raised an additional $14 million in Series A funding.
Leading the new funding group is a group of food, biosciences and agriculture investment firms: Chicago-based S2G Ventures, New York-based Continental Grain Co. and Washington, D.C.-based Middleland Capital.
“Sentera has seen outstanding customer traction with our real-time digital analytics, sensors and data platform. That has translated to accelerating commercial and enterprise customer and revenue growth,” states Eric Taipale, Sentera’s CEO. “We’ve built a very powerful capability, but we’ve also been intensely focused on building a product that is easy to use and incorporate into existing workflows. That’s helped us establish confidence and trust with our customers. We’ve demonstrated how real-time sensing and analytics can improve economic outcomes and support sustainability initiatives. This investment allows us to ramp so we can take these digital products to scale more quickly, alongside the growers, advisors and enterprise partners who’ve helped us to develop and refine our products.”
Sentera’s sensors and artificial intelligence technology help rapidly detect nutrition, disease and other plant issues. Deep learning and computer vision algorithms integrate with mobile, sensor and cloud components to deliver immediate insights to growers, agronomists and operators. Sentera information also integrates directly with most integrated data management platforms, including John Deere Operations Center and Climate FieldView.
“We invest in teams that share our vision in building a food system designed for the 21st century and beyond. We are incredibly excited about Sentera’s people, their core technology and their commercial success,” says Sanjeev Krishnan, managing director at S2G Ventures. “Sentera’s products have had very positive user feedback. The company can demonstrate that they improve customer profitability and that their technologies support new practices that drive greater efficiency while reducing environmental impact.”