Gro Intelligence announced that it raised $85 million in a Series B funding round led by Intel Capital and Africa Internet Ventures, with participation from family offices of Ronald Lauder and Eric Zinterhofer.
Other investors who participated in the round include previous investors DCVC and GGV Capital and Shusterman Family Investments, Dick Parsons, and Rethink Food, among other new investors.
Gro Intelligence is a 7-year-old Ai-power insight company which provide decision making tools solutions and analytics for governments, agricultural institutions, retailers, and food and beverage companies among other players.
The startup will use the funding to accelerate its global adoption of the platform and enhance its machine learning capabilities.
“Our customers have come to rely on Gro as a unique source of actionable data-driven insights about our food supply and models to measure and manage associated climate change risk to physical and financial assets across the globe. We are absolutely delighted to welcome our new investors and continue to be grateful to our existing investors for their support” said Gro Intelligence Founder and CEO Sara Menker.
Trina Van Pelt, Senior Managing Director, Intel Capital said her company was excited to co-lead the investment round, as Gro Intelligence mirrors their mission to use the power of data to improve the world.
“Gro Intelligence is one of the most exciting AI companies and is tackling two of the world’s biggest challenges: food security and climate risk. Their software-based platform will drive compute-powered cross-border knowledge to surface meaningful insights and enable better informed agricultural decisions,” said Trina Van Pelt, Senior Managing Director, Intel Capital. “We are excited to co-lead this investment round because Gro Intelligence’s technology aligns with our mission of unleashing the power of data to improve the world.”