Sustainability-focused agriculture tech solutions provider Arable announced today that it has raised $40 million to accelerate product development, new service delivery, and footprint expansion, aimed at advancing climate resilience in agriculture.
Agriculture has emerged as a major focus area for climate action, as the sector accounts for a significant proportion of global greenhouse gas emissions, and is among the most difficult areas to address climate impact. According to Arable, issues such as the need for a more transparent and agile food supply chain, rising input costs, and the demand for visibility into how food is grown have increased the need for digital transformation across the farm-to-food value chain.
Jim Ethington, CEO of Arable, said:
“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.”
Founded in 2014, Arable enables data-driven decisions in agriculture and natural resource management. The company’s integrated hardware, agronomic modeling, and software suite support customers to understand the full crop system at the plant, field, and regional level. Its streamlined solution enables agriculture professionals to access the data they rely on, including weather, soil, plant health, and other environmental conditions.
On the water use front, the company uses a view of the weather, soil moisture, and irrigation amounts with sensors that read the growth and stress of the crop, helping customers reduce irrigation by up to 50%. The product also helps farmers protect their crops from loss due to pests and disease, with the ability to reduce pesticide use by 15%.
“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 round was led by climate investment platform Galvanize Climate Solutions and saw participation from new investor Qualcomm Ventures and existing investors Prelude Ventures, S2G Ventures, Ajax Strategies, Grupo Jacto, Middleland Capital, M2O and iSelect. Galvanize partner Saloni Multani has also joined Arable’s board.
“It’s a global imperative that we find new solutions to reduce emissions, increase agricultural resilience, and create a more sustainable food supply. 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.”