Ever.Ag Company Profile

Background

Mission and Vision

Ever.Ag is dedicated to creating innovative AgTech solutions and services that empower agriculture, food, and beverage supply chains to feed a growing world. With over 30 years of experience, Ever.Ag offers a comprehensive portfolio of technology, risk management, and market intelligence solutions tailored for dairy, livestock, crops, and agribusiness sectors. Their mission is to provide customers with the tools and insights needed to operate efficiently, sustainably, and strategically across every stage of the supply chain.

Primary Area of Focus and Industry Significance

Ever.Ag specializes in delivering software and services that enhance the efficiency and sustainability of agricultural supply chains. Their solutions address complex needs in dairy, livestock, crops, and agribusiness, positioning them as a significant player in the AgTech industry. By integrating technology with deep industry expertise, Ever.Ag plays a crucial role in modernizing agricultural operations and supporting global food production.

Key Strategic Focus

Core Objectives

Ever.Ag aims to empower agricultural supply chains by providing innovative solutions that enhance operational efficiency, profitability, and sustainability. Their strategic focus includes:

• Supply Chain Optimization: Streamlining processes to drive efficiency and reliability across the agricultural supply chain.

• Risk Management: Developing strategies that fit business goals to manage and mitigate risks effectively.

• Market Insights: Delivering actionable insights to clients in the agricultural industry to inform decision-making.

• Advanced Planning: Utilizing data science to enhance global food supply chain planning.

• Sustainability: Computing and reducing environmental impacts across food systems.

Specific Areas of Specialization

Ever.Ag's specialization spans several key areas:

• Dairy: Providing industry-leading technology, services, and risk management solutions tailored for the dairy sector.

• Agribusiness: Offering robust technology solutions for the entire agribusiness supply chain.

• Livestock & Animal Protein: Mitigating livestock risk and optimizing supply chain operations within the livestock sector.

Key Technologies Utilized

Ever.Ag leverages advanced technologies, including artificial intelligence (AI), machine learning, and data analytics, to enhance their solutions. For instance, their Cheese Yield Optimization employs machine learning to make small percentage changes resulting in significant profit differences.

Primary Markets Targeted

Ever.Ag primarily targets the agricultural sectors, including dairy, livestock, crops, and agribusiness, aiming to modernize and optimize supply chains within these industries.

Financials and Funding

Funding History

Ever.Ag has undergone significant growth and expansion, including strategic acquisitions to enhance its technological capabilities and market presence. In August 2023, Ever.Ag acquired Roger®, an industry leader in bulk agriculture commodity trucking technology and logistics, to revolutionize AgTech logistics.

Total Funds Raised

Specific details regarding the total funds raised by Ever.Ag are not publicly disclosed.

Notable Investors

Ever.Ag is backed by Banneker Partners, a private equity firm specializing in AgTech investments.

Intended Utilization of Capital

The capital raised has been utilized for strategic acquisitions, technological advancements, and expanding Ever.Ag's suite of solutions to better serve the agricultural industry. For example, the acquisition of Austin Data Labs in October 2023 enhanced Ever.Ag's AI and data science capabilities, reinforcing its commitment to innovation in AgTech.

Pipeline Development

Key Pipeline Candidates

Ever.Ag's pipeline includes various technological solutions and services aimed at enhancing agricultural supply chains. Notably, their acquisition of Austin Data Labs signifies a focus on integrating advanced AI and data science into their offerings.

Stages of Development

The integration of Austin Data Labs' technologies is in the early stages, with efforts focused on unifying agricultural data and developing innovative solutions for the global food supply chain.

Target Conditions

The primary focus is on enhancing data analytics and intelligence across the agricultural sector, aiming to improve efficiency, sustainability, and profitability.

Anticipated Milestones

While specific timelines are not publicly disclosed, Ever.Ag anticipates significant advancements in AI-driven solutions and data integration to support the agricultural industry.

Technological Platform and Innovation

Proprietary Technologies

• Cheese Yield Optimization: Utilizes machine learning to optimize cheese production yields, resulting in significant profit improvements.

• Energy Manager: A sustainability platform that helps companies like Chobani identify and monitor energy consumption to reduce carbon emissions.

Significant Scientific Methods

• AI and Data Science Integration: Through the acquisition of Austin Data Labs, Ever.Ag integrates advanced AI and data science methodologies to enhance agricultural data management and decision-making processes.

AI-Driven Capabilities

• FieldAlytics: A collaboration with Amazon Web Services (AWS) to leverage generative AI for crop growth modeling and imagery change detection, transforming agricultural decision-making and crop management.

Leadership Team

Key Executives

• Scott Sexton: Chief Executive Officer (CEO)

• Professional Background: CEO of Ever.Ag, leading the company's strategic direction and growth initiatives.

• Key Contributions: Spearheaded the acquisition of Roger® and Austin Data Labs, enhancing Ever.Ag's technological capabilities.

• Mike Sargent: President

• Professional Background: Joined Ever.Ag in April 2023, bringing extensive experience in supply chain software and InsureTech for the agricultural industry.

• Key Contributions: Overseeing Ever.Ag's strategic initiatives and expansion efforts.

• John Church: Independent Director

• Professional Background: Serves as an independent director on Ever.Ag's board, contributing to governance and strategic oversight.

• Scott Smith: Chief Technology Officer (CTO)

• Professional Background: Leads Ever.Ag's technology strategy and innovation efforts.

Competitive Landscape

Market Insights and Dynamics

The AgTech industry is experiencing rapid growth, driven by the need for technological solutions to enhance agricultural efficiency and sustainability. Companies like Ever.Ag are at the forefront, offering integrated solutions that address various challenges within the agricultural supply chain.

Competitor Analysis

• WRMS: Provides business support services in the agricultural sector, competing with Ever.Ag in areas such as risk management and market intelligence.

• Agrilogic Consulting: Offers consulting services in the agricultural industry, focusing on risk management and strategic planning.

• Glades Crop Care: Specializes in personal services and franchises within the agricultural sector, presenting competition in areas related to crop care and management.

Strategic Collaborations and Partnerships

Ever.Ag has formed strategic collaborations to enhance its technological capabilities and market presence:

• Acquisition of Roger®: In August 2023, Ever.Ag acquired Roger®, an industry leader in bulk agriculture commodity trucking technology and logistics, to revolutionize AgTech logistics.

• Acquisition of Austin Data Labs: In October 2023, Ever.Ag acquired Austin Data Labs, an award-winning AI and data science firm, to integrate advanced AI and data science into their offerings.

Operational Insights

Ever.Ag's strategic acquisitions and partnerships position it as a leader in integrating technology with agricultural operations, offering comprehensive solutions that address the complex needs of the agricultural supply chain.

Strategic Opportunities and Future Directions

Ever.Ag is well-positioned to capitalize on the growing demand for technological solutions in agriculture. Future directions include expanding AI-driven capabilities, enhancing data integration across the supply chain, and continuing to develop innovative solutions that support sustainable and efficient agricultural practices.