OAKLAND, Calif.--(BUSINESS WIRE)--Ceres Imaging, the data & analytics provider that helps growers, lenders and insurers reduce their farming risk and improve yields, today announced its rebranding to CeresAI. This rebrand highlights the company’s 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.
Over the last decade, Ceres 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.
“CeresAI is a leader in the Ag industry due to the sophistication with which we capture and analyze agricultural data,” says Ramsey Masri, CEO of CeresAI. “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.”
“CeresAI has been instrumental for us in due diligence for acquisitions and farm management,” says Gabriele Onorato, Chief Agronomist at International Farming. “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.”
Alongside the rebranding, CeresAI also revealed a Series D capital raise led by Remus Capital, which specializes in applying AI in large verticals. The new funding will support expansion both domestically and internationally, as CeresAI hones its focus on agribusinesses and financial services on its path toward profitability.
Along with these developments, the company has appointed Remus CEO Krishna K. Gupta as Chairman of CeresAI. “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 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.”
About CeresAI
CeresAI delivers solutions that help agriculture stakeholders build more profitable and sustainable operations. Through high-resolution computer vision and machine learning-powered technology, CeresAI detects issues quickly, measures outcomes based on ROI, and recommends action with confidence. Backed by university-validated research, CeresAI's team of experienced analysts, agronomists, and scientists, develop the science behind the precision farming revolution. For more information, visit http://ceres.ai/.
