CHAPEL HILL – Chapel Hill-based mesur.io has raised an additional $900,000 in what CEO Tom Rump called its “Seed-2 Fundraise.”
The funding will enable the company to grow, said Rump in a statement shared with WRAL TechWire. He added that the funding will allow growth “in providing sustainability throughout the food supply chain to continue.”
The company developed a platform that uses machine learning and artificial intelligence to provide advanced analytics on climate and environmental data, serving agricultural companies and others involved in the food supply chain, according to its website.
The Earthstream Platform “automatically calibrates to micro-climates and begins transmitting data in real-time,” the company noted in a statement.
The platform also combines data streams to automate processes, the company noted.
“We are highly appreciative of the ongoing support of our existing investors as well the new investors joining the team”, said Mike Prorock mesur.io founder and CTO. “We are looking forward to continuing the expansion of mesur.io into key markets, and especially to expand our support for intelligent track and trace from farm to retail.”
In 2018, the company raised $750,000 in equity, then the company raised $775,000 in debt in 2020.
No additional details were disclosed by the company.
