Almanac acquires Gro Intelligence Intellectual Property and Assets
Gro Intelligence, a major innovator in global agricultural insights was developing the world’s largest agricultural data platform.
Supercharging AI-Driven Agricultural Intelligence Globally
VANCOUVER, BC - November 19, 2024 Almanac, a global leader in consolidated farm data analytics and precision agriculture, has acquired the intellectual property and assets of Gro Intelligence, a major innovator in global agricultural insights. Gro Intelligence was developing the world’s largest agricultural data platform before its recent closure and business liquidation. This move strengthens Almanac’s AI-driven capabilities, positioning them at the forefront of optimizing agricultural data for connected intelligence.
Under the leadership of CEO Sumer Johal, Almanac plans to continue its track record of demonstrating substantial growth through strategic acquisitions and partnerships as it continues to strengthen its comprehensive, global agricultural data platform. In 2021, Almanac grew its crop management platform through the acquisitions of Agworld, Altrac and Centricity. The addition of Gro Intelligence’s assets, including AI models, complement Almanac’s capabilities and extend Almanac into new areas of the food and agriculture value chain - including agricultural insurance, lending, trading and Consumer Packaged Goods (CPG) procurement.
“This acquisition is a quantum leap for Almanac in our mission to revolutionize agricultural practices through advanced technology. Sumer Johal, CEO Almanac
Securing $85 million in a Series B funding round in January 2021, the former company Gro Intelligence utilized public and proprietary data from a myriad of sources, including satellite imagery, government data, trade organizations, and weather reports, to deliver actionable insights on food production, climate, and crop yields. With the acquisition of the assets of Gro Intelligence, these capabilities will enhance Almanac’s platform, offering deeper insights and predictive analytics to support agriculture professionals worldwide.
“This acquisition is a quantum leap for Almanac in our mission to revolutionize agricultural practices through advanced technology,” said CEO Sumer Johal. “By integrating Gro’s robust AI-powered data platform within our own, we are aiming to enhance our ability to deliver actionable insights across the global agricultural sector, driving sustainability and productivity for agriculture professionals everywhere.”
The acquisition of Gro Intelligence’s assets bolsters Almanac’s technological edge and reaffirms its dedication to boosting global food security and sustainable farming through advanced, data-driven agriculture.
Media Contact:
To schedule interviews with Almanac CEO Sumer Johal, please contact Global PR & Communications Manager, Christina Madrid, cmadrid@semios.com. 818-621-1897.
About Almanac
Almanac empowers farmers by delivering actionable insights through a suite of products and digital tools as the trusted source of global farm intelligence. Leveraging cutting-edge AI and machine learning, Almanac’s intelligence platform, "Alma," analyzes vast amounts of real-time farm data to predict trends and provide farmers with the foresight needed to make smarter decisions, improve yields, reduce costs, and promote sustainability. With a portfolio that includes two trusted agricultural brands and product suites—Semios and Agworld—Almanac serves over 100 million acres of farmland worldwide, helping farmers operate smarter, more efficient farms. Committed to driving innovation in agriculture, Almanac is dedicated to ensuring food security and preserving resources for future generations.