Miraterra raises C$16 million to expand AI-driven soil data platform

Vancouver-based Miraterra Technologies raised C$16 million (about $12 million) in anoversubscribed financing round to expand its AI-driven soil measurement platform. The round, initially targeted at C$13.9 million, was led by At One Ventures, with follow-on participation from Farm Credit Canada, S2G Investments, the Sitka Foundation and iSelect.

The funding comes after Miraterra’s 2025 acquisition of U.S.-based Trace Genomics assets, including laboratory facilities and analytical tools in Ames, Iowa. The combined capabilities would allow the company to scale its platform, which integrates artificial intelligence, genomics and spectroscopy to analyze soil, plants and food systems.

Chief executive Nate Kelly said the capital will support commercial rollout, broaden measurement applications, and expand partnerships across the agricultural value chain. The company is also increasing investment in AI and data science to convert complex environmental data into actionable insights for farmers and food producers.

Investors said Miraterra’s approach addresses a gap in soil measurement. Tom Chi, founding partner at At One Ventures, said most existing tools assess isolated factors, while Miraterra combines mineral, water and biological data in a single platform.

The company has developed a device called the “Digitizer,” which uses Raman spectroscopy and machine learning to assess soil and food characteristics. Miraterra is also expanding its proprietary soil DNA library as part of the platform.

The investment coincides with Canada’s growing focus on soil health. Proposed federal legislation, Bill S-230, is under Senate review and would create a national soil strategy, appoint a soil health advocate, and establish a governance framework. Analysts say standardized soil measurement tools could see increased demand if the bill becomes law.

Farm Credit Canada, a Crown corporation and returning investor, said its participation reflects its focus on technologies that enhance productivity while supporting sustainable farming.

Miraterra plans to deploy its platform for applications in crop management and carbon measurement, where verifiable soil data is increasingly valued.