Semios
Semios runs orchard sensors and pest models to help specialty crop growers manage climate and pests.
On the record
Checkpoint: Next financing event or disclosure clarifying whether Semios raises fresh capital or takes a down round
The call
Semios holds a hard-to-copy physical data network in orchards but its own business shows shrinking revenue, no new funding in years, and leadership turnover.
Semios puts thousands of small computers in apple, almond, and grape farms to watch for bugs and weather, then tells growers what to do. It is hard to replace because the company has spent 15 years collecting real data from real orchards, plus it employs field workers who know the farms. But Semios is getting smaller, not bigger: revenue fell by half in four years, and the company has not raised new money since 2021. John Deere and Bayer have not attacked yet, and AI software cannot replace the physical sensors scattered across thousands of farms. The key question is whether Semios can raise fresh money or sell itself in the next year or two, because that will tell you if the business is in trouble or just struggling to grow.
Why
01
AI pressure: None apparent. AI chat features like Semios' own Alma assistant sit on top of physical sensors, no foundation model can replicate 500,000+ deployed field devices. Could AI do the core job? Unlikely.
02
Bigger players: John Deere, Bayer/Climate Corporation, Trimble. These giants dominate row crops but have shown little interest building specialty perennial crop tools that match Semios' 15 years of orchard data. Could a giant copy it? Probably.
03
What protects it. 500,000+ deployed sensors plus 15 years of proprietary specialty crop pest and climate data that nobody can copy without the same field work.
What would change this call
Semios announces a new priced funding round or acquisition within 12-18 months. Shows whether the company can attract fresh capital or is financially distressed.
John Deere or Bayer/Climate Corp ships a specialty-perennial-crop monitoring product. Would show a major incumbent finally targeting Semios's core niche.
Semios headcount or revenue figures reported by third parties over the next year. Would confirm whether the contraction trend continues or stabilizes.
John Deere or Bayer/Climate Corp ships a specialty-perennial-crop monitoring product. Would show a major incumbent finally targeting Semios's core niche.
Semios headcount or revenue figures reported by third parties over the next year. Would confirm whether the contraction trend continues or stabilizes.
Key numbers
- Revenue estimate fell from ~$75M in 2022 to ~$37M
- No new priced funding round since $100M raise
- Headcount dropped from peak ~300 to 50-200
Named risks
- No priced equity funding round since September 2021 despite continued acquisitions.
- Two CEO transitions in three years, 2022 to 2023 to 2025, signal leadership instability.
- Unresolved corporate brand identity, Almanac versus Semios Group, unsettled through 2025.
- Reported headcount fell from roughly 300 in Dec 2022 to 50-99 BC employees by Nov 2024.
- Slow but capable incumbents like Deere and Bayer could enter specialty perennials.
Rivals, as read in July 2026
| Rival | Direction | Evidence |
|---|---|---|
| Trapview | contesting | Named a direct specialty-crop pest-monitoring competitor as of 2026 (CBInsights competitor listing) |
| EFOS | contesting | Direct competitor in pest and environmental decision-support monitoring as of 2026 |
| John Deere | gaining on | Row-crop precision ag leader with sensor network patents but no specialty-perennial product shipped as of 2026 |
| Bayer Climate Corporation | gaining on | Dominant in broadacre crop data; has not entered specialty tree fruit/nut/vine monitoring as of 2026 |
| Trimble | gaining on | Precision ag incumbent focused on row crops, not competing directly in specialty perennials as of 2026 |
Questions people ask
- Is Semios profitable in 2026?
- No profitability figures are publicly disclosed. Founder Michael Gilbert said expected 2022 revenue was near $75M, up 20% year over year (Dec 2022, Globe and Mail). No new funding round has been reported since the $100M raise in Sept 2021, and no verified 2026 profit data exists.
- Could AI replace Semios?
- No. Semios's core moat is a physical network of 500,000+ in-orchard IoT sensors generating over 500 million daily data points (company blog, Apr 2023). Its own AI assistant, Alma, launched Oct 2025, sits atop this hardware and cannot function without the sensor deployment behind it.
- Who is Semios's biggest competitor?
- Trapview and EFOS are named as its closest specialty-crop pest-monitoring rivals. Broader incumbents John Deere, Bayer's Climate Corporation, and Trimble dominate row-crop precision agriculture but had not shipped a comparable specialty-perennial sensor product as of 2026.
- Who owns Semios?
- Semios is a private, venture-backed Canadian company founded in 2010 by Dr. Michael Gilbert. Morningside Group led both its US$75M round in Feb 2020 and its $100M round in Sept 2021, the latter reportedly valuing the company above $1 billion (TechCrunch, Sept 29, 2021).
- Has Semios raised new funding recently?
- No priced funding round has been publicly reported since the $100M raise led by Morningside Group in September 2021, which valued Semios above $1 billion. The November 2024 acquisition of Gro Intelligence's IP was an asset purchase, not new equity financing.
- Is Semios growing or shrinking?
- Founder Michael Gilbert said expected 2022 revenue was near $75M, up 20% year over year, with about 300 employees as of Dec 2022. By Nov 2024, a BC tech press release described the Semios brand as having only 50 to 99 BC employees post-rebrand.
Timeline
- 2025-12-19Almanac launches integrated Semios plus Agworld platform with AI insights
- 2025-10-15Alma AI assistant launches inside the Almanac platform
- 2025-09-29Amie Thesingh named CEO of The Semios Group, succeeding Sumer Johal
- 2024-11Almanac acquires Gro Intelligence IP and AI models
- 2024-10-18Semios corporate umbrella rebrands as Almanac
- 2023-10Sumer Johal becomes CEO
- 2022-12-16Founder Michael Gilbert steps down as CEO
- 2021-09-29Semios raises $100M led by Morningside Group, valuation tops $1 billion
- 2020-02-18Semios announces US$75M funding round led by Morningside Group
- 2018-10-29Semios raises $8M in private equity financing
Revision history
23 July 2026
First assessed. Losing its protection. The text above is fixed as of this date and is not edited afterwards.
In the same band
Sources
- Semios founder steps down as CEO after turning Vancouver agtech into global player (2022-12-16)
- Congratulations to Semios, #3 in 2013's Most Innovative Companies in B.C.
- Semios Products, Competitors, Financials (2026-06-21)
- Semios Raises $8 Million In Private Equity Financing (2018-10-29)
- SDTC Doubles Down on Semios (2023-04-14)
- Semios Announces US$75M In Funding (2023-04-14)
- Climate volatility helps agtech platform Semios raise $100M round led by Morningside (2021-09-29)
- Semios - Overview (2026-06-06)
- The Semios Group Appoints Amie Thesingh as Chief Executive Officer (2025-09-29)
- What is Brief History of Semios Company? (2025-07-11)
- Semios raises $100m to scale precision ag platform (2025-01-14)
- Almanac Acquires Gro Intelligence IP (2024-11-25)