Ceres Imaging – a data and analytics provider that helps growers, lenders, and insurers reduce their farming risk and improve yields – announced today its rebranding to CeresAI. This rebranding highlights the company’s foundation and leadership in computer vision and machine learning, which are essential in enabling all participants in the agricultural industry – particularly large agribusinesses and financial services customers – to access quality data to make faster and more accurate data-driven decisions.
In the last decade, Ceres has collected 12+ billion unique plant-level data points from 40 different crop types across four different continents. And this accurate dataset highlights Ceres’ proprietary machine-learning algorithm – which delivers field-level agronomic insights to the largest farms, lenders, and insurers in the world. These AI-based insights help enterprise customers manage and operate their land, mitigate risk, underwrite policies, and confidently report sustainability metrics.
Along with the rebranding, CeresAI also revealed a Series D funding round led by Remus Capital, which specializes in applying AI in large verticals. And the new funding will support domestic and international expansion as CeresAI hones its focus on agribusinesses and financial services on its path toward profitability.
KEY QUOTES:
“CeresAI is a leader in the Ag industry due to the sophistication with which we capture and analyze 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.”
– Ramsey Masri, CEO of CeresAI
“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.”
– Gabriele Onorato, Chief Agronomist at International Farming
“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.”
– Remus CEO Krishna K. Gupta – who was named as Chairman of CeresAI
