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semios.com

Founded Year

2010

Stage

Private Equity - III | Alive

Total Raised

$211.34M

Last Raised

$100M | 9 mos ago

Mosaic Score

+20 points in the past 30 days

What is a Mosaic Score?
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

About Semios

Semios collects sensory data on every acre in near real-time, helping farmers manage the complex biosystems in orchards to optimize the sustainability and profitability of their crops. Its cloud-based analytics platform ingests highly granular data from over one million IoT sensors in the field, measuring in-canopy microclimate, soil and plant conditions every 10 minutes.

Semios Headquarter Location

430-887 Great Northern Way

Vancouver, British Columbia, V5T 4T5,

Canada

604-229-2044

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Research containing Semios

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Semios in 1 CB Insights research brief, most recently on Oct 1, 2021.

Expert Collections containing Semios

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Semios is included in 2 Expert Collections, including Agriculture Technology (Agtech).

A

Agriculture Technology (Agtech)

1,848 items

Companies that are using technology to make farms more efficient.

A

Advanced Materials

1,253 items

Startups developing new or improved materials (chemicals, alloys, etc.) that provide physical or functional advantages to basic materials.

Latest Semios News

Acres or just being aggressive? B.C. agtech experts debate breaking into bigger markets

Jun 17, 2022

There’s a stereotype in the business world that Canadians are just a tad more reserved than their American counterparts when closing deals or doggedly pursuing customers. “I don't fully buy into that, that the Americans are that much more aggressive. I was pretty aggressive,” Tom Urban, founder of Vancouver-based Agribusiness Advisors, said Friday to an audience gathered at a SemiosBio Technologies Inc. office in the city’s Mount Pleasant neighbourhood. Agribusiness Advisors was among the early investors in Semios, and has also invested in other B.C. agtech firms such as Terramera Inc. and CubicFarm Systems Corp (TSX:CUB). “What [Americans] have access to are bigger acres,” Urban said, referring to Semios getting its start in the Okanagan rather than in a market that dwarfs Canada’s. He also noted the advantage many agtech competitors south of the border have when looking for deep-pocketed investors. “You can raise capital here, but it's not the most progressive in terms of valuations,” Urban said. Semios, though, is among the bevy of billion-dollar unicorns to have burst from the B.C. tech ecosystem since the pandemic. The agtech company, which specializes in using sensors and data to ensure healthy crops for farmers by monitoring for pests and harmful weather, has raised $200 million from investors over the past two years to reach its $1-billion valuation. “The journey thickens your skin, for sure. You have to learn to take a lot of ‘no’s,’” Semios founder and CEO Michael Gilbert said during Friday’s Invest Vancouver event, which brought together agtech experts to speak about the industry’s potential on the West Coast. He recalled scoring his first $50,000 cheque from an angel investor in a deal that closed at a Tim Hortons outlet in White Rock, B.C., before going onto eventually raise another $25 million from a mix of angels and family offices. Since then, about three million Semios sensors have now been deployed globally, reporting every 10 minutes to help manage farming operations. For example, its devices can detect and identify agricultural pests and trigger the release of pheromones to thwart their mating. But those sensors are not primarily monitoring farms in Canada, but in the U.S.  “We target large enterprise markets,” Gilbert said, adding rising input costs such as fertilizer are only increasing the demand for data-driven farming and the big farms that are investing in it. Semios has taken other measures to push into bigger markets, going on an acquisition spree last year that scooped up three competitors based in California, Washington state and Australia. Meanwhile, Gilbert and Urban agreed Canadian agtech startups can’t be timid about approaching large customers, which Urban said aren’t always as sophisticated as some might think. “People say, ‘I don't want to tell them about [the startup’s] secret sauce, because they're going to use it, they're going to make my product or somebody else is going to tell a competitor,’” Urban said. “And at that point I just say, ‘Well, then just stay in your basement if you're not going to talk about what you do.’” torton@biv.com https://twitter.com/reporton

Semios Web Traffic

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  • When was Semios founded?

    Semios was founded in 2010.

  • Where is Semios's headquarters?

    Semios's headquarters is located at 430-887 Great Northern Way, Vancouver.

  • What is Semios's latest funding round?

    Semios's latest funding round is Private Equity - III.

  • How much did Semios raise?

    Semios raised a total of $211.34M.

  • Who are the investors of Semios?

    Investors of Semios include Morningside Technology Ventures, Google for Startups Accelerator, CIBC Innovation Banking, Sustainable Development Technology Canada, Western Economic Diversification Canada and 6 more.

  • Who are Semios's competitors?

    Competitors of Semios include Agrology and 2 more.

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