09:20 AM EDT, 09/26/2024 (MT Newswires) -- Gevo ( GEVO ) said Thursday that it has acquired Cultivate Artificial Intelligence for $6 million in cash, with the sellers having the opportunity to get additional earn-out payments.

CultivateAI, which provides agricultural data through a software-as-a-service platform, will be folded into Gevo's ( GEVO ) Verity unit to support Verity's business development and growth, Gevo ( GEVO ) said.

Shares of Gevo ( GEVO ) were up 3.7% in recent premarket activity.

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