# Ceres

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ceres

- Industry: Renewable Energy
- Headquarters: Thousand Oaks, US
- Website: www.ceres.net
- Total disclosed funding: $75M
- Latest round: Series F (Sep 19, 2007)
- Investors on record: 11

## About

Ceres, Inc. specializes in advanced agricultural technology solutions designed to enhance crop productivity and sustainability through innovative precision agriculture tools and data analytics.Founded in 1997 and headquartered in Thousand Oaks, California, Ceres, Inc. focuses on agricultural technology aimed at improving farming practices. The company has engaged in four significant funding deals, the most recent being an IPO in February 2012, where it raised USD 65 mn by selling 5 million shares at USD 13 each on NASDAQ under the ticker "CERE". The company does not have subsidiaries or parent companies mentioned, nor does it reference any pivots in business strategy. The founder's specific history is not detailed in the available data.Ceres offers a suite of advanced agricultural technology solutions aimed at enhancing crop productivity and sustainability. Their core product offerings include precision agriculture tools that leverage data analytics and remote sensing to optimize farming practices. These tools assist farmers in monitoring soil health, predicting crop yields, and managing resources efficiently, addressing the challenges of food security and environmental sustainability. Ceres targets a diverse client base, including large-scale agricultural enterprises, cooperatives, and independent farmers, primarily within key agricultural markets in North America, Europe, and parts of Asia. The functionality of these products allows end users to implement data-driven decision-making processes, ultimately improving yield outcomes and reducing operational costs.Ceres generates revenue through a combination of subscription-based services and direct sales of its flagship agricultural technology products. For the year 2015, the company reported revenue of USD 2.72 mn and an EBITDA of USD -27.38 mn. Clients engage with Ceres through annual subscription agreements that provide continuous access to software updates, data analytics, and technical support, allowing for scalability across varying sizes of agricultural operations. The business model emphasizes a B2B approach, focusing on long-term partnerships with clients.Ceres plans to utilize its recent IPO proceeds to further expand its agricultural technology product line, focusing on developing new tools that enhance precision agriculture capabilities. The company is targeting expansion into emerging markets in South America and Africa by 2025. The proceeds from the USD 65 mn raised in the IPO will support these initiatives, enabling Ceres to invest in product development and market entry strategies.

## Funding rounds

- Series F, Sep 19, 2007, $75M — Oxford Bioscience Partners, Warburg Pincus, TowerBrook, Gimv, Questmark Management Company, KBC Private Equity, Artal Services, Hauck & Aufhauser Asset Management Services, Monsanto Company, The Galleon Group, H&Q Access Technology Partners

## Investors

- Oxford Bioscience Partners (https://capitalatlas.ai/funds/oxford-bioscience-partners) — Series F
- Warburg Pincus (https://capitalatlas.ai/funds/warburg-pincus) — Series F
- TowerBrook (https://capitalatlas.ai/funds/towerbrook) — Series F
- Gimv (https://capitalatlas.ai/funds/gimv) — Series F
- Questmark Management Company (https://capitalatlas.ai/funds/questmark-management-company) — Series F
- KBC Private Equity (https://capitalatlas.ai/funds/kbc-private-equity) — Series F
- Artal Services — Series F
- Hauck & Aufhauser Asset Management Services — Series F
- Monsanto Company — Series F
- The Galleon Group (https://capitalatlas.ai/funds/the-galleon-group) — Series F
- H&Q Access Technology Partners (https://capitalatlas.ai/funds/h-q-access-technology-partners) — Series F