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Seso Closes $26M Series B to Build Critical Software for American Farmers

Seso Closes $26M Series B to Build Critical Software for American Farmers

April 2, 2024 Craig Etkin

All-in-one agriculture workforce management platform seeks to empower farmers across the country

April 02, 2024 05:00 AM Pacific Daylight Time

SAN FRANCISCO–(BUSINESS WIRE)–Today, Seso, a workforce management platform for agriculture, announced the close of a $26M Series B led by BOND with participation from Index Ventures, NFX, SV Angel, and other prominent investors. Several Seso customers also participated in the round.

“Seso has a bold and thoughtful digital vision to help address the labor shortages that have plagued the nation’s agricultural industry for decades”

The vertical SaaS company will use the funding to expand its platform, including adding an AI-enabled payroll solution, a banking and remittance solution for farm workers, and a comprehensive HR platform purpose-built for agribusiness employers. Farmers everywhere will now have access to a comprehensive solution that will help them scale to meet seasonal demands and reduce reliance on pencil and paper.

“Any farmer in America will tell you that the biggest risk to their business is labor,” explains Michael Guirguis, Seso’s Co-Founder and CEO. “We are building the industry’s first digital system of record for farms to hire and manage a seasonal workforce while remaining compliant with government regulations.”

U.S. farms have faced a growing labor shortage for years, and many are now turning to the H-2A visa to supplement their seasonal labor needs. This visa is uncapped, allowing farms to hire experienced agricultural workers from abroad. The program provides migrant workers the opportunity to work on American farms and make as much as 20x higher salaries than they would in their home countries.

However, the H-2A program is exceedingly difficult to navigate, leading many farms to make mistakes in their visa applications – 72% of farms report delayed arrivals for their H-2A workers. In an industry where timing is everything, a delayed harvest can have a devastating effect on a farm’s bottom line. Seso streamlines the process of applying to the H-2A visa program and digitizes the paperwork involved for both workers and employers.

Beyond streamlining the H-2A visa process, Seso helps farmers across the entire country use the latest software to manage their back-office workflows and HR documentation. The platform provides all of the functionality a farmer needs to manage their workforce.

“Seso has a bold and thoughtful digital vision to help address the labor shortages that have plagued the nation’s agricultural industry for decades,” notes Mary Meeker, General Partner at BOND. “We are excited to partner with Seso as they help farm workers succeed and provide a generational step forward in business software solutions for agriculture employers.”

Since launching its software platform in 2021, hundreds of farms, including 27 of the 100 largest employers in the industry, have adopted Seso as their labor management solution. Last year alone, the company signed up more than 88,000 workers for seasonal jobs. As Seso expands beyond visa automation into full-stack HR, the company is leading the way in bringing the advancements of AI to the farm.

“We are building the most comprehensive HR system ever created for agriculture while ensuring it’s simple and easy to use. Generative AI is going to make a 50-hour payroll reconciliation process take under 5 minutes and will remove the reliance on paper checks and manual data entry for the back-office team,” explains Jordan Taylor, the company’s Co-Founder and Head of Product.

For more information about Seso, please visit: https://www.sesolabor.com/

About Seso

Seso is a vertical software company for agriculture. Seso is addressing the growing shortage of farm labor in the U.S. by automating the H-2A visa, creating a digital system of record to connect workers and growers, and providing workforce management software to farms. Seso’s mission is to empower the people that grow our food by providing agricultural workers with meaningful, safe employment opportunities and providing employers with modern software to run the farm. Seso is backed by BOND, Index Ventures, NFX, and Founders Fund.

Contacts

For media inquiries, please reach out to Cecilia Oxford, Chief of Staff, at Seso via cecilia.oxford@sesolabor.com

(c)2024 Business Wire, Inc., All rights reserved.


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Business Wire, California, San Francisco, Seso, Venture Capital

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TAE Technologies, the leading fusion energy company developing the cleanest and safest approach to commercial fusion power, today announced that it has raised more than $150 million in its latest funding round, exceeding the company’s initial target for the round. Chevron, Google and NEA participated in the round, among other new and existing investors. TAE has the option to raise additional capital as part of this funding round. With more than $1.3 billion in equity capital raised since inception, this latest fundraise further validates TAE’s distinctive approach to commercial fusion.

In a statement Michl Binderbauer, CEO of TAE Technologies, said: “Fusion has the potential to transform the energy landscape, providing near-limitless clean power at a time when the world’s energy needs are growing exponentially due to the growth of AI and data centers. TAE’s technology uses the soundest physics to deliver superior performance in a compact machine, with attractive economics and best-in-class maintainability. We are leading the charge to develop revolutionary fusion technology for full-scale commercial deployment.”

TAE was founded in 1998 to develop commercial fusion power with the cleanest environmental profile. The company has established itself as a leader in an industry that has the potential to transform the energy economy. Since 2014, TAE and Google Research have worked together to accelerate fusion science using cutting-edge machine learning. Google engineers worked onsite at TAE facilities to co-develop advanced plasma reconstruction algorithms, leading to significantly improved plasma lifetime and performance. Fusion is nature’s preferred source of energy. It is the same process that powers the sun and stars, and it is what makes life viable on Earth. When lighter elements fuse under immense heat and pressure, they form new elements and release a tremendous amount of energy. This process is safer than conventional nuclear power because fusion can be stopped at any time – eliminating the risk of a power plant meltdown. TAE remains singularly committed to advancing the frontiers of science and innovation to benefit humanity. With a steadfast resolve to redefine the energy landscape, TAE Technologies is at the forefront of the fusion revolution, poised to usher in a new era of sustainable and limitless power generation for a better tomorrow.
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Joby Aviation, a company developing electric air taxis for commercial passenger service, announced the successful closing of the first $250 million tranche of a previously announced strategic investment from Toyota Motor Corporation. The funding marks a significant milestone in strengthening the long-term collaboration between the two companies and supports their shared vision for the future of air mobility. The investment is aimed at supporting certification and commercial production of Joby’s electric air taxi. This underscores the mutual commitment to deepening integration and delivering next generation travel to global markets. This investment also puts the two companies a step closer toward a strategic manufacturing alliance.

In a statement JoeBen Bevirt, founder and CEO of Joby said, “We’re already seeing the benefit of working with Toyota in streamlining manufacturing processes and optimizing design.” “This is an important next step in our alliance with Toyota to scale the promise of electric flight. With this capital and Toyota’s legendary production expertise, we’re enhancing our ability to scale cutting-edge design and manufacturing to meet the demands of our partners and customers.”

Joby Aviation is a California-based transportation company developing an all-electric, vertical take-off and landing air taxi which it intends to operate as part of a fast, quiet, and convenient service in cities around the world. Powered by six electric motors, their aircraft takes off and lands vertically, giving it the flexibility to serve almost any community. Flying with Joby might feel more like getting into an SUV than boarding a plane. The company's aerial ridesharing service will combine the ease of conventional ridesharing with the power of flight. A green alternative to driving that's bookable at the touch of an app. With more than 30,000 miles flown on full-scale prototype aircraft, their aircraft is designed to meet the uncompromising safety standards set by the FAA and other global aviation regulators. Joby Aviation is now engaged in a multi-year testing program with the FAA to certify their vehicle for commercial operations, and have completed the first three of five stages.
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Infinite Reality, an innovation company powering the next generation of immersive media, AI, and ecommerce, today announced a landmark real estate partnership with renowned real estate investment, development and management firm Sterling Bay to co-develop a 60-acre site in Fort Lauderdale into a next-generation technology and entertainment campus. This ambitious redevelopment—expected to open in 2026—will serve as Infinite Reality’s new global headquarters and is the cornerstone of iR’s long-term real estate strategy, which begins with this flagship project in South Florida. The public-private project marks one of the largest creative economy investments in the area to date, aiming to generate more than 1,000 new jobs with an average salary of six figures and deliver long-term economic growth to the region. Located at 1400 NW 31st Avenue on the site of a remediated former Superfund property, the development features over 100,000 square feet of Class A office space for media, tech, and enterprise clients. Construction is expected to begin in early 2026, pending completion of permitting and design phases.

In a statement John Acunto, co-founder and CEO of Infinite Reality said, “This isn’t just a headquarters—it’s the heart of Infinite Reality’s future. As a proud South Florida resident, this project is deeply personal to me.” “It’s about transforming a community I love into a global hub for immersive technology and creativity. We’re building opportunity, fueling innovation, and laying the foundation for a lasting legacy. Partnering with a world-class development firm like Sterling Bay ensures that this vision is realized at the highest level—and that Fort Lauderdale becomes a defining force in the future of the digital economy.”

In addition to serving as a corporate campus, the site will include flexible spaces for retail, production, digital broadcasting, and entertainment ventures. The development also includes educational initiatives in partnership with local institutions to train and hire future talent in STEM, immersive tech, and creative production. Infinite Reality is an innovation company powering the next generation of digital media and ecommerce through spatial computing, artificial intelligence, and other immersive technologies. Infinite Reality’s suite of cutting-edge software, production, marketing services, and other capabilities empower brands and creators to craft inventive digital experiences that uplevel audience engagement, data ownership, monetization, and brand health metrics.
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