GrainChain
McAllen, Texas, United States
How GrainChain hit $15.7M revenue with a 106 person team in 2023.
The GrainChain team was established by the founders of SiloSys, an innovative IT solution tailored for the agricultural industry. Over the past five years, we have dedicated our efforts to automate the process of measuring commodities as they enter silos and storage facilities. Our technology ensures accurate measurement, tracking, and accountability for soft commodities. IT systems like SiloSys have become increasingly popular worldwide as they eliminate the manual tasks involved in weighing and documenting agricultural yields. Our automated systems address potential inaccuracies or fraud in weight measurements and eliminate a number of dishonest schemes that previously distorted commodities prices. Furthermore, these systems facilitate instantaneous generation of trackable documentation within the software, moving away from unreliable paper records. As our network's automation expanded, we realized that while we could counteract cheating on the physical handling of goods through our IT software and sensor hardware, many challenges facing the most vulnerable members of the supply chain are embedded within the financial systems of the agricultural industry. The advent of blockchain technology and smart contracts presented us with a unique opportunity to offer a range of services designed to support growers, governments, and agents. These stakeholders often find themselves in vulnerable positions vis-à-vis commodities brokers and bank agents. Our initiative aims to leverage these cutting-edge technologies to introduce transparency, efficiency, and fairness into the agricultural supply chain, ultimately benefiting those who contribute most to its success.
2013
Founded
$15.7M
2023 Revenue
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YOY
$10.7M
Funding
GrainChain Revenue
In 2023, GrainChain revenue run rate hit $15.7M in revenue.
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2023
GrainChain hit $15.7M in revenue in 2023
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2013
GrainChain launched in 2013 with $0 revenue
GrainChain Funding History
No funding has been reported for GrainChain yet.
Team
GrainChain has 106 total employees.
| DISTRIBUTION | QTY |
|---|---|
| Total team size | 106 |
Founder / CEO
Luis Macias
Q&A
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What's your age?
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Favorite online tool?
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Favorite book?
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Advice for 20 year old self
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Customers
Churn
GrainChain Executives
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| Luis Macias | CEO | [email protected] | - |
GrainChain Employees
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| Luis Macias | CEO | [email protected] | - |
Frequently Asked Questions about GrainChain
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When was GrainChain founded?
GrainChain was founded in 2013.
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How much revenue does GrainChain generate?
GrainChain generates $15.7M in revenue.
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Who is the CEO of GrainChain
The CEO of GrainChain is Luis Macias.
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How much funding does GrainChain have?
GrainChain raised $10.7M.
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How many employees does GrainChain have?
GrainChain has 106 employees.
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Where is GrainChain headquarters?
GrainChain is headquartered at McAllen, Texas, United States
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