Terramera Builds $6M richAg from At One Ventures to Commercialize Transformative Soil Analysis Platform

Terramera Builds $6M richAg from At One Ventures to Commercialize Transformative Soil Analysis Platform

Startup will use new sensing know-how to supply real-time soil composition with 99% accuracy

  • Funds, NPK and Carbon
  • Earth answer powered by Terramera’s Intelligence Engine, new sensing know-how, computational chemistry, machine studying and IP portfolio
  • Expertise confirmed to be 100 occasions extra correct than something out there permits farmers to cut back fertilizer prices via data-driven choices and earn extra revenue via carbon markets

VANCOUVER, M.O., January 12, 2023 /PRNewswire/ – Right now Terramera is asserting the institution of its new majority-owned subsidiary richAg, which can deal with commercializing its soil enrichment platform. The seed spherical is managed with a 6 million {dollars} Funding from At One Ventures (AOV), a local weather know-how VC agency that invests in corporations with disruptive applied sciences that would have a big affect on planetary well being.

Financing will push launch shortly enrich the soilA breakthrough answer that gives real-time soil evaluation outcomes with 99% accuracy (in comparison with current strategies that solely take weeks for outcomes with 40 to 60% accuracy). EnrichSoil can be utilized to optimize fertilizer use and to know and enhance soil well being, essentially the most elementary part of the worldwide meals system.

“Farmers wouldn’t have the instruments to exactly perceive the fertility ranges of their fields. Imprecise ratios imply extreme fertilizer utility and fertilizer expense. Constructing soil will not be solely one of many main job sources for farmers, additionally it is one of many greatest alternatives. Terramera Founder and “To show again the clock on local weather change,” mentioned Karn Manhas, CEO. The hot button is well timed, correct and inexpensive evaluation of soils,” he mentioned. “Soil evaluation and monitoring has not modified in a long time. We all know little or no about this important useful resource. EnrichSoil adjustments that so we are able to enrich our Earth from the bottom up.”

When commercialized, this would be the first know-how to permit farmers and agronomists to self-test nutrient ranges, together with nitrogen (N), phosphorus (P), potassium (Ok), and carbon (C). Carbon, which is a vital indicator of soil well being, will increase the water holding capability of the soil with its spongy construction, will increase sturdiness throughout drought and alleviates floods after heavy rains. EnrichSoil’s software program optimizes sampling and permits growers to depend on fertilizer charges that change between fields. Digital maps present ends in areas and over time.

“EnrichSoil produces correct soil fertility and carbon maps throughout fields to point out how wholesome soil and farm earnings can develop into,” Manhas mentioned.

Tom Chi, Co-Founding father of One Ventures and long-term advisor to Terramera, mentioned: “By making soil testing cheaper, quicker and 100 occasions extra correct, richSoil will present immediately actionable insights that may enhance profitability whereas bettering soil well being. Democratizing soil information is key. “Increasing the circle of regenerative farming past a small group of deeply dedicated practitioners. When this information turns into extra accessible, farmers can quickly implement more healthy and extra worthwhile farming practices.”

EnrichAg has launched the alpha product via a strategic partnership with one of many world’s largest renewable agriculture networks. The beta product is within the calibration and iteration course of. The primary restricted business launch will probably be in 2023, with additional launches and developments deliberate all year long.

EnrichAg has accomplished the primary shut of seed financing with At One Ventures. Follows to finish the spherical to the max 15 million {dollars} Accessible with deliberate closure in early 2023.

about richAg

EnrichAg is the creator of the primary soil know-how platform that gives farmers and agronomists with 99% correct on-site testing for important minerals (NPK) plus carbon. The corporate’s first product, richSoil, presents a mixture of proprietary {hardware} and software program, giving farmers real-time and actionable soil well being insights at no extra price. EnrichAg is a majority-owned subsidiary of Terramera with a shared mission to assist the transition to completely regenerative agriculture. Go to richAg.com.

About Terramera

Terramera offers options to the agriculture business to cut back using artificial pesticides, improve crop sturdiness, predictability and high quality, assist regenerative agronomy and measure carbon retained in soil. Powered by the Terramera Intelligence Engine and sturdy IP portfolio, the corporate presents disruptive know-how options for agriculture and different industries. Go to terramera.com

About One Ventures

One Ventures invests in deep know-how startups which might be driving a world the place humanity is internet constructive in direction of nature. The agency is extremely technical and was based by tom chi, former Head of Expertise and co-founder of Google X. At One Ventures finds, funds and grows corporations that use disruptive deep know-how to dramatically scale back their footprint on the planet whereas disrupting the unit economic system of established industries. At One Ventures has invested in 29 startups so far, together with Ascend Components, Dendra Techniques, Gradient, Apis Cor, Alchemie Expertise and Cruz Foam. For extra info please go to on OneVentures.com.

SOURCE Terramera Inc.

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