Almanac Acquires Gro Intelligence IP to Bolster Agricultural Data Insights

Deal News | Nov 22, 2024 | Ag News

Almanac Acquires Gro Intelligence IP to Bolster Agricultural Data Insights

Almanac, formerly known as Semios, has acquired the intellectual property and assets of Gro Intelligence, a recently shut-down ag intelligence platform. This acquisition adds significant public data sets and AI models to Almanac's capabilities. By integrating Gro's AI-powered data with its existing network of over 500,000 sensors, Almanac aims to strengthen its real-time actionable insights spread across 130 million acres globally. The acquisition excludes Gro's liabilities, focusing solely on its valuable data assets. Gro's previous clientele was diverse, including large CPG entities like Unilever. Almanac's strategy involves enhancing the use cases of Gro's models to benefit their core stakeholders, particularly within agriculture while potentially expanding into agriculture finance and insurance sectors. The move is positioned as a leap toward revolutionizing agricultural practices and driving sustainability. This is facilitated by integrating diverse data sets into a seamless experience for stakeholders. The company has rebranded as Almanac to unify its offerings and expand its reach, focusing primarily on North America and Australia, with growth interests in other global regions.

Sectors

  • Agricultural Technology
  • Data Analytics

Geography

  • North America – Almanac's core operations are focused in North America, where it provides services to a majority of its stakeholder base.
  • Australia – Australia is another primary market for Almanac, contributing to its global 130 million-acre coverage.

Industry

  • Agricultural Technology – Almanac operates within the agricultural technology sector, providing real-time data and insights to enhance agricultural practices. Its acquisition of Gro Intelligence's assets enhances its data analytics capabilities in agriculture.
  • Data Analytics – Both Almanac and Gro Intelligence work extensively with data analytics, using AI models and data sets to offer actionable insights across sectors like agriculture, finance, and supply chains.

Financials

Participants

NameRoleTypeDescription
AlmanacAcquirerCompanyA farm data analytics and precision agriculture firm formerly known as Semios, focusing on providing actionable agricultural insights.
Gro IntelligenceTarget CompanyCompanyAn AI-powered agronomic intelligence platform providing data analytics and insights until its closure in late spring due to financial constraints.
Sumer JohalCEOPersonThe CEO of Almanac, recently took the role in October 2023, guiding the company's strategic direction post-acquisition.
Sara MenkerFounder of Gro IntelligencePersonFounded Gro Intelligence in 2012, leading its growth into a prominent climate data platform.
UnileverCustomerCompanyOne of Gro Intelligence's largest customers, highlighting the applicability of Gro's data across consumer packaged goods.