CeresAI, a data and analytics provider, has completed a Series D funding round led by Remus Capital, as it looks to help lenders and insurers reduce farming risks through advanced technology.
The company recently announced its rebranding from Ceres Imaging to highlight its foundation in computer vision and machine learning, reinforcing its leadership in delivering AI-powered insights to the agricultural sector.
The funding aims to support CeresAI’s domestic and international expansion as it refines its focus on agribusiness and financial services customers.
CeresAI specialises in providing high-quality, field-level agronomic insights to large agribusinesses, lenders, and insurers.
Over the past decade, the company has collected more than 12bn unique plant-level data points from 40 different crop types across four continents.
This robust dataset underpins its proprietary machine learning algorithm, allowing customers to make faster, data-driven decisions on farm management, risk mitigation, policy underwriting, and sustainability reporting.
With the new funding, CeresAI plans to further expand its platform, enhance its AI-driven insights, and drive profitability. The company aims to continue providing enterprise customers with the tools they need to operate efficiently and report accurate sustainability metrics.
In addition to the funding, Remus Capital’s CEO, Krishna K. Gupta, has been appointed as Chairman of CeresAI.
Gupta said, “Verticalised AI opportunities extend beyond LLMs alone, as they unlock the next layers of massive value in a given vertical. Given the distribution challenges intrinsic to the agriculture industry, incumbent startups like CeresAI 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.”
Ramsey Masri, CEO of CeresAI, said, “CeresAI is a leader in the Ag industry due to the sophistication with which we capture and analyse agricultural data. 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.”
Chief Agronomist Gabriele Onorato added, “CeresAI has been instrumental for us in due diligence for acquisitions and farm management. CeresAI-powered platform helps us derive data-driven insights across our full portfolio and report them in a consistent, accurate way. We’re delighted CeresAI is leaning into its AI foundations as it continues to provide game-changing tools for partners like us.”
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