Michael Gilbert founded Semios in Vancouver in 2010. The company places wireless sensors in orchards, and growers pay a subscription for pest, frost and irrigation decisions.
Revenue roughly doubled each year on average from 2015. In 2016 Semios raised a C$8 million seed from an investor group led by Reid Carter, with C$950,000 from the Canadian government. It was first named to the Global Cleantech 100 list in 2018.
In February 2020 Morningside Group led a US$75 million round, bringing total funding to US$115 million. In March 2020 CIBC Innovation Banking provided US$25 million in growth financing.
In 2021 Semios raised US$100 million and acquired Agworld. External capital reached about US$225 million. The company has not disclosed its revenue.