Almanac acquires Gro Intelligence Intellectual Property and Assets

Date:12-16-2024

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.