Semios closes new financing

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By Ted Liu

Semios, the leader in onsite sensing, big data and predictive analytics solutions for perennial agricultural crops, has completed a new round of financing, raising $[mepr-active rule=”374″ ifallowed=”hide”]##Subscribe today to see our research on this and all other subscriber ONLY items##[/mepr-active][mepr-active rule=”374″]3.68 million from one unnamed BC investors. The likely investor is existing investor, SBT Investments (VCC) Inc.

SemiosBio Technologies Inc. issued 245,509 Class A common shares at $15 per share for gross proceeds of $3,682,635.00. Haywood Securities Inc. acted as placement agent and Lawson Lundell LLP acted as legal counsel. The company has raised over $18 million since 2016 with Class A or Series C shares priced at $6.00 and $8.00 and $15.00 per share.[/mepr-active]

The Semios platform is a powerful tool in yield improvement that enables growers to assess and respond to insect, disease and plant health conditions in real-time. Semios blankets each orchard block with its patented mesh network – allowing itself to install remote-controlled pheromone dispensers, camera traps for pests, soil moisture sensors or leaf-wetness devices.

photo credit: Semios