Centaur Raises $3m Seed Round for Post-Harvest Crop Monitoring

calendar icon 02.10.2018
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The company welcomes post-harvest solutions leader Detia Degesch GmbH and Marathon Venture Capital to its group of investors, as it accelerates the delivery of the first trusted quality chain platform powered by analytics for grains and key commodities.

VENTURA, CALIFORNIA — October 2nd, 2018 —- Centaur Analytics, Inc., a company creating the post-harvest quality chain for crops and foods, announces that it has raised a US $3 million financing round from a consortium of investors led by Marathon Venture Capital, which includes post-harvest crop protection solutions leader Detia Degesch Group. Existing investors Cognitiv (part of the OurCrowd Family of Funds) and Avi Reichental also participated in the round. The company plans to use the funds to accelerate the deployment of its Internet-of-Crops Platform and to expand its predictive analytics and trusted quality chain management systems for commodities such as grains, flour and high-value commodities.

Centaur’s proprietary sensors and Internet-of-Crops Platform have been successfully deployed to monitor stored and transported crops across five continents. Customers include leading grain buyers, flour mills, logistics providers and pest control companies. This investment round positions Centaur well to meet the growing demand for its products, expand its installed base of connected sensors worldwide, and extend the functionality of its specialized quality analytics solutions for major crop categories.

Announcing the investment round Dr. Sotiris Bantas, Centaur Analytics CEO, stated: “Having the backing of high-caliber investors such as Marathon Venture Capital, one of the most visionary VC firms in the European ecosystem, and Detia Degesch, the leading global group for stored product protection, we will continue innovating towards our vision of a digitized, trusted quality supply chain. We also remain fully committed to attacking post-harvest loss and food safety hazards with cutting-edge technology.”

Dr. George Tziralis, partner at Marathon Venture Capital, who also joins the company’s Board of Directors, added: “We feel privileged to become part of Centaur’s mission to decrease food waste and crop spoilage in the world, by building a global, post-harvest quality chain.”

“Our investment in Centaur underscores our commitment to reducing post-harvest risks and waste through advanced solutions,” said Dr. Marco Rudolf, CEO of Detia Degesch. “Having evaluated and used Centaur’s products under demanding field conditions, we now believe that they are the most viable and scalable technology to address current and emerging challenges for the supply chain of agricultural commodities. We believe that our participation can act as a force multiplier to help the company reach its ambitious goals, for the benefit of our clients and consumers worldwide.”

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About Centaur Analytics, Inc.: Centaur is passionate about perfecting global food quality, enabling abundance and reducing waste. Founded by leading experts and entrepreneurs in the fields of electronics, agronomy and cognitive technologies, Centaur is proud to deliver award-winning, innovative IoT technology and advanced analytics to transform the traditional supply chain into a state-of-the-art, trusted quality chain. Website: centaur.ag. Video: https://youtu.be/BX5oNHh6CVc

 

 

About Marathon Venture Capital: Marathon Venture Capital is an early-stage Venture Capital fund, helping ambitious founders build world-class technology companies. Web site: marathon.vc.

About Detia Degesch Group: Detia Degesch is one of the world’s oldest companies acting in the field of stored agricultural products with a 200-year history of success, and today, continues as a leading producer of stored product protectants with a worldwide distribution structure in over 120 countries. Web site: detia-degesch.de.

Press Contact: Susan Laves, susan.laves@centaur.ag

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