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Perennial has raised $24.3M across 4 funding rounds.
Key people at Perennial.
Perennial was founded in 2018 by David Schurman (Co-Founder and CTO) and Jack Roswell (Co-Founder & CEO) and Oleksiy Zhuk (Co-Founder, President & Director).
Perennial has raised $24.3M in total across 4 funding rounds.
Perennial provides a comprehensive measurement, monitoring, reporting, and verification (MMRV) solution for soil carbon. The company leverages advanced technology, including machine learning, satellite imagery, and ground observations, to accurately quantify field-level emissions reductions and carbon removal, notably developing the Verra-approved VT0014 tool for digital soil mapping. This approach minimizes the need for extensive soil sampling, leading to accessible costs and reduced uncertainty across diverse agricultural landscapes.
Founded in 2018 by Jack Roswell, David Schurman, and Oleksiy Zhuk, Perennial emerged from a shared conviction that technology could significantly enhance agricultural production while simultaneously restoring natural ecosystems. Their insight centered on the critical role of soil as a powerful carbon sink, recognizing the need for robust verification to scale climate-smart farming practices effectively.
Perennial serves sustainability teams and carbon project developers, offering a scalable platform that integrates with leading standards and registries. The company's long-term vision is to unlock soil as the world's largest carbon sink, establishing trusted standards, tools, and technologies necessary to verify climate-smart agriculture on a global scale and foster a more resilient future.
Key people at Perennial.
Perennial was founded in 2018 by David Schurman (Co-Founder and CTO) and Jack Roswell (Co-Founder & CEO) and Oleksiy Zhuk (Co-Founder, President & Director).
Perennial has raised $24.3M in total across 4 funding rounds.
Perennial's investors include Bloomberg, Microsoft, SineWave Ventures, Temasek, Vivek Ladsariya, Alsop Louie Partners, Alumni Ventures, Bascom Ventures, Energy Impact Partners, O'Reilly AlphaTech Ventures, Parkway VC, Pioneer Fund.
Perennial Systems, based in Addison, Texas, is a technology services company founded in 2006 that specializes in B2B SaaS product development, enterprise solutions, and talent partnerships.[1][2] It builds custom software solutions including mobile apps, cloud-native platforms, AI consulting, and integrations for sales, marketing, financial management, and collaboration tools, serving startups to established B2B SaaS firms globally to accelerate go-to-market and digital transformation.[1][2] With over 500 projects completed, 227+ software solutions delivered, and 250+ headcount, it demonstrates steady growth through agile methodologies and expertise in AWS, DevOps, and generative AI.[1][2]
Perennial Systems was established in 2006 in Addison, Texas, as a provider of product engineering and enterprise solutions.[1][2] While specific founders are not detailed in available sources, the company has evolved over 18+ years from core software development to encompass AI, machine learning, robotic process automation, and talent services, completing 500+ projects amid expanding demand for B2B SaaS innovations.[1][2] Early focus on custom app development and integrations with platforms like Microsoft, Salesforce, and Intuit laid the groundwork for its current portfolio, marking pivotal growth in cloud and AI domains.[1]
(Note: Other "Perennial" entities, like Perennial Technologies in power solutions or Perennial.earth in carbon tech, exist but do not match the core technology company profile here.[3][6])
Perennial Systems rides the wave of digital transformation and AI adoption in B2B SaaS, where enterprises demand rapid, integrated solutions for cloud migration and automation.[1][2] Timing aligns with surging needs for generative AI and microservices amid hybrid work and data-driven decisions, fueled by market forces like SaaS proliferation (e.g., Salesforce, Intuit ecosystems) and talent shortages it addresses via partnerships.[1] It influences the ecosystem by enabling startups' scalability and incumbents' modernization, contributing to faster innovation cycles in sales, collaboration, and financial tech sectors.[1][2]
Perennial Systems is poised to expand in AI-driven SaaS and cloud-native development, leveraging its 18-year track record amid rising demand for generative AI and DevOps.[1][2] Trends like edge AI, zero-trust integrations, and sustainable tech will shape its path, potentially growing revenue beyond $6.9M through global enterprise deals.[1] Its influence may evolve by deepening talent ecosystems and registry-aligned AI tools, solidifying its role in empowering B2B innovation—just as it has since 2006 by accelerating go-to-market for tech trailblazers.[1][2]
Perennial has raised $24.3M across 4 funding rounds. Most recently, it raised $18.0M Series A in May 2022.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| May 1, 2022 | Shippit | $46.0M Series B | Tidal Ventures, Tiger Global Management | Mike Ford, SecondQuarter Ventures |
| Jun 21, 2021 | Songtradr | $50.0M Series D | — | Richard White, Argo, Aware Super, Greencape, Regal |
| May 13, 2021 | Animoca Brands | $88.0M Other Equity | — | AppWorks, Axia Infinity Ventures, Ellerston Capital, HashKey Capital, HTX Ventures, Kingsway Capital, Liberty City Ventures, Metapurse, Octava, RIT Capital Partners, SNZ |
| Aug 12, 2020 | CalendarHero | $450K Other Equity | BDC Capital, Epstein Enterprises, Perennial, Strategic Investment Fund | — |
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| May 17, 2022 | $18.0M Series A | Bloomberg, Microsoft, SineWave Ventures, Temasek | |
| Sep 2, 2020 | $6.0M Seed | Vivek Ladsariya | |
| Jul 1, 2020 | $250K Seed | Alsop Louie Partners, Alumni Ventures, Bascom Ventures, Energy Impact Partners, O'Reilly AlphaTech Ventures, Parkway VC, Pioneer Fund, Qualcomm Ventures, Root Ventures, Sequoia Capital, SOSV, Spero Ventures, True Ventures, Alain Hanover, Naveen Jain | |
| Mar 1, 2019 | $50K Venture Round | Alsop Louie Partners, Alumni Ventures, Bascom Ventures, Energy Impact Partners, O'Reilly AlphaTech Ventures, Parkway VC, Pioneer Fund, Qualcomm Ventures, Root Ventures, Sequoia Capital, SOSV, Spero Ventures, True Ventures, Alain Hanover, Naveen Jain |