Exclusive: Ag Insights Platform Gro Intelligence Unable To Make Payroll, Replaces Founder With New CEO

Feb 23, 2024•over 1 year ago

Position

Chief Executive Officer

Company

Gro Intelligence

James Cariello

New YorkMachine LearningArtificial IntelligenceAnalytics

Description

Gro Intelligence has appointed James Cariello as the new CEO, replacing founder Sara Menker. The company is experiencing financial difficulties, as it has laid off 10% of its staff and is attempting to raise additional capital through a convertible bond. The new CEO announced that the company is unable to pay its employees.

Company Information

Company

Gro Intelligence

Location

New York, New York, United States

About

Gro Intelligence is an AI-powered insights company providing decision-making tools and analytics to a range of clients from food & ag companies to governments, insurers, investment banks, consulting firms and universities. It netted an $85 million series B round in January 2021 from backers including Intel Capital and Africa Internet Ventures, and was named as one of TIME’s 100 most influential companies that year.

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