Google on Tuesday pumped $15 million into a farming-focused technology startup, the latest in a surge of investment applying Internet innovations to growing food.
The funding round led by Google’s investment arm brings to nearly $28 million the total amount of money pumped into Farmers Business Network (FBN) by backers including powerhouse Silicon Valley venture capital firm Kleiner Perkins Caufield & Byers.
“Farmers are quintessential entrepreneurs; they are on their own and are mechanics, hackers, managers, animal specialists and more,” FBN co-founder Charles Baron told AFP.
“Agriculture has always seen lots of innovation. What you are seeing more of now is venture-backed companies pushing into agriculture.”…
Recent Comments