Agriculture Technology Startup Secures $47 Million

Boston, Massachusetts-based agriculture company Indigo announced it has acquired $47 million in financing led by Investment Corporation of Dubai.

Indigo seeks to reform how wheat, soybeans, cotton, and corn are grown around the world by focusing on microbes that have evolved in conjunction with plants over billions of years to optimize crops’ health and maximize their productivity. The firm strives to improve grower profitability while helping farmers with water efficiency and reducing the use of nitrogen fertilizer and pesticides over time.

Indigo will use the funding to open new offices in Australia, Argentina, and Brazil, and to continue investing in research.