San Francisco-based Arable, a company that deals with field intelligence for agriculture, recently announced that it has successfully raised $40 million in a C series funding round. The company declared that the latest funding will be used to advance research in climate resilience in crops and agriculture by improving product development, expanding the global footprint and new service deliveries for customers.
“It’s a global imperative that we find new solutions to reduce emissions, increase agricultural resilience, and create a more sustainable food supply,” said Multani, “Arable is at the cutting-edge of farm innovation with technologies that combine the next frontier of connected sensors and machine learning. We are excited to lead this investment round because the company’s technology aligns with our mission to scale vital and urgent climate solutions.”
“From talking to farmers and agricultural producers worldwide, it really feels like we are at a tipping point. There is an urgent need to improve the productivity and sustainability of farming while at the same time making these systems more resilient to a changing climate and landscape,” said Jim Ethington, CEO of Arable. “Arable is focused on building the tools for the next generation of agriculture that can unlock productivity through data and digital tools while helping secure farmers’ livelihoods and a stable food supply. We are thrilled to have the teams at Galvanize and Qualcomm Ventures join us on this journey.”
“The number one pain point that I hear across the industry is that customers want someone to connect all the information they need in one place and make it easy and intuitive, and that is what we are building,” said Ethington.
Ethington added, “In addition to being used on-farm for operational decisions, Arable also helps larger companies to see across their entire farm supply chain, enabling them to accurately benchmark sustainability, estimate carbon emissions and sequestration, and predict yield or timing.”
“The output of a model is only ever going to be as good as the data you feed in, and in a space like carbon where money and reputations will be on the line, we believe Arable can help to achieve a level of reliability and trust that can really help farmers and the planet,” said Multani.
“Arable’s comprehensive data capture and analytics platform is helping businesses embrace climate-smart agriculture,” said Carlos Kokron, Vice President, Qualcomm Technologies, Inc. and Managing Director, Qualcomm Ventures Americas. “We look forward to supporting and working with Arable as they continue to unlock productivity and sustainability in agriculture.”
