Biological analytics company, PatternAg, Inc. recently announced the close of a $15M funding round, led by Valor Capital Group and Ospraie Ag Science, with participation from Founders Fund and the International Finance Corporation.
The investment is aimed at building breakthrough science-led businesses in agriculture, food and life sciences. PatternAg are working towards a future where conventional agricultural inputs are enhanced by precision microbiome engineering, improving farm productivity and sustainability. Steps have already been taken towards this target, including Pattern's crop protection product which works to deliver actionable intelligence to farmers based on high-resolution mapping of the DNA found in a farmer's soil.
“Leveraging recent advancements in DNA sequencing, Pattern represents a major opportunity in computational agriculture,” said Michael Nicklas, partner at Valor Capital Group. “Mapping the microbiome at scale will enable us to understand how soil ecosystems drive agronomic outcomes.”
PatternAg will use the funds to scale its biological analytics offering to both US and international markets. It will also continue to expand its product offering to help growers better manage soil health and nutrients within their operations.