The Seoul-based startup closed a $15 million Series B round last month, with the Asian Development Bank among the participating investors.
The deal will allow the company to deliver its “improved” ingredients to plant-based protein producers more quickly, according to CEO Matt Crisp.
It seems counterintuitive that shorter crops can result in enhanced yields; but they are more resistant to high winds and other extreme weather events, writes Bayer’s Richard Lawrence.
With Prospera on board, Valmont now claims to be the world’s largest, vertically integrated artificial intelligence company in agriculture.
The deal involving the St Louis-based startup – which is developing gene-edited and selectively bred versions of crops used in alt-protein and animal feed production – is the latest in a string of recent agrifoodtech SPAC mergers.
AI must be applied not just to growing more of this crop or that crop, but to optimizing agriculture’s entire value chain, writes Joseph Byrum.
The US biotech startup is using gene editing to increase the nutritional content of seeds such as soybean, with an eye on the booming plant-based protein market.
The two companies have combined their crop science and soil health chops with an eye on the nascent carbon credits market.
The Emeryville, California startup has been developing biological analytics of soil DNA data to offer farmers crop protection insights and forecasts.
The competition welcomes agtech startups across many categories including everything from crop enhancement to animal health to supply chain innovations.
Sponsored
Collaboration & innovation key to developing farmer-focused carbon markets