# Cloud Agronomics

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cloud-agronomics

- Industry: Software
- Headquarters: Boulder, US
- Website: www.perennial.earth
- Total disclosed funding: $24M
- Latest round: Series A (Apr 29, 2022)
- Investors on record: 5

## About

Cloud Agronomics Inc. is a pioneering company focused on providing advanced measurement, reporting, and verification solutions for climate-smart agriculture, enhancing sustainability practices globally.Founded in 2018 and headquartered in Boulder, US, Cloud Agronomics Inc. specializes in climate-smart agriculture through advanced analytics. The founding team consists of Alex Zhuk, David Schurman, Gabriel Sheets-Poling, and Jack Roswell, with Jack Roswell serving as the CEO. The company has engaged in 4 deals, with the latest being a Series A funding round on April 29, 2022, raising USD 18.000 mn from investors including Bloomberg Beta and Temasek Holdings. The total amount raised to date is USD 18.000 mn, with a current company valuation of USD 62.670 mn.Perennial specializes in advanced measurement, reporting, and verification (MRV) solutions tailored for climate-smart agriculture. Its core offerings include a sophisticated digital soil mapping model that achieves over 95% accuracy while requiring up to 10 times fewer soil samples than traditional methods. This innovative approach allows for significant cost reductions, enabling companies to verify regenerative agricultural practices globally, regardless of crop type or region. Perennial's services cater to a diverse client base, including agricultural producers and sustainability-focused organizations across markets such as Argentina, Australia, Brazil, Canada, Colombia, Italy, Mongolia, Spain, and the United States. The technology serves end-users who aim to enhance soil health and carbon sequestration efforts, facilitating a streamlined global sustainability program.Perennial generates revenue through partnerships with agricultural and sustainability entities, offering its MRV solutions via a subscription-based model or direct contracts tailored to individual client needs. The company’s pricing structure accommodates a range of agricultural projects, with clients benefiting from reduced upfront costs associated with soil sampling and verification. By leveraging advanced technology, Perennial enables its partners to optimize carbon project investments from planning to issuance, leading to improved returns on high-potential land. This transactional framework supports both B2B relationships and direct partnerships, allowing a flexible engagement model that aligns with the specific sustainability goals of its clientele.Following the Series A funding round in April 2022, Cloud Agronomics Inc. plans to utilize the USD 18.000 mn raised to expand its team and leverage outside resources. The company's strategy includes developing new products aimed at enhancing MRV capabilities and targeting expansion into additional markets, particularly in Europe and Asia, by the end of 2024.

## Funding rounds

- Series A, Apr 29, 2022, $18M — Temasek Holdings, Bloomberg Beta, SineWave Ventures, Alumni Ventures Group, Microsoft Climate Innovation Fund
- Seed, Sep 1, 2020, $6M — SineWave Ventures

## Investors

- SineWave Ventures (https://capitalatlas.ai/funds/sinewave-ventures) — Seed, Series A
- Temasek Holdings — Series A
- Bloomberg Beta (https://capitalatlas.ai/funds/bloomberg-beta) — Series A
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Series A
- Microsoft Climate Innovation Fund (https://capitalatlas.ai/funds/microsoft-climate-innovation-fund) — Series A