Perennial, which rebranded from Cloud Agronomics, offers a soil carbon measurement, reporting, and verification (MRV) platform aimed at helping companies meet net-zero commitments through insetting and offsetting. The platform combines machine learning, ground observation, and remote sensing to determine presence of carbon and other nutrients while bypassing costly physical soil sampling and lab testing. Perennial says it has created the highest-ever resolution map of soil carbon across the United States. Its MRV product serves companies within the agrifood value chain to measure and reduce agricultural emissions and supports project developers outside the food supply chain to monitor and verify soil carbon offsets. Perennial positions its approach as a way to increase transparency and auditability in agricultural land–based offsets, enabling buyers to measure and track investments for ESG reporting. The company also highlights that farmers can receive a steady stream of income through verified offsets. Perennial will use its new funding to build its team and accelerate its go-to-market strategy. Cloud Agronomics collects hyperspectral data and uses machine learning models to produce analytics on proprietary geospatial data with high information per pixel. Its integrated platform evaluates crop and soil performance in real time and provides soil and nutrient management solutions that accelerate restorative farming practices. The company offers carbon monitoring and digital agronomy products. It plans to use the seed financing to expand those products across the US, Brazil, and Australia. The startup is based in Boulder, CO and Providence, RI. The founding team includes CEO Mark Tracy, Executive Chairman Jaymin Patel, Chief Science Officer Jim Kellner, and cofounders Jack Roswell, David Schurman, and Alex Zhuk.

Total raised

$24M

Funding rounds

2

Latest round

Series A

Latest activity

May 2022