Gevo Acquires CultivateAI to Expand Verity's Agricultural Data Capabilities

September 26, 2024

Gevo, Inc. has acquired Cultivate Agricultural Intelligence, LLC (CultivateAI) for $6 million in cash, with potential additional earn-out payments, and will fold the business into its Verity subsidiary. CultivateAI is a cloud-based SaaS provider of agricultural data and analytics (expected 2024 revenue $1.7 million) that Gevo plans to combine with Verity's carbon accounting tools to expand revenue streams and accelerate capability development.

Buyers
Gevo, Inc.
Targets
Cultivate Agricultural Intelligence, LLC (CultivateAI)
Industry
Agriculture
Location
Florida, United States
Transaction Type
Buyout

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