Almanac acquires Gro Intelligence following liquidation

Almanac has acquired the intellectual property and assets of Gro Intelligence. Gro Intelligence was developing the world's largest agricultural data platform before its recent closure and business liquidation.

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.

Sumer Johal, CEO of Almanac said: "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."

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.