Jennifer Marston of Ag Funder News reports that Perennial has raised $18 million from Temasek, Bloomberg, and Microsoft.
- Perennial’s technology uses machine learning and remote sensors to determine the presence of carbon and other nutrients in the soil.
- The current process for measuring carbon levels in the soil is primarily done through soil tests in a lab, which take time to complete.
- As more companies look to reduce emissions through carbon offsets and carbon markets, technology such as this will be crucial to accurately measure emissions reductions and carbon sequestration in real time.
“Perennial’s MRV platform handles both carbon insetting and offsetting. Companies within the agrifood value chain can access the platform to measure and reduce their agricultural-based emissions. Outside the food supply chain, companies developing soil carbon offset projects can partner with Perennial to monitor their projects and verify the offsets they sell to buyers.”
Read the full article here.
The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.
