NEW YORK (GenomeWeb) – Agricultural tech firm Benson Hill Biosystems said today that it has closed a $25 million Series B funding round.
The financing was co-led by Lewis & Clark Ventures and Prelude Ventures, along with a number of other existing and new investors.
The proceeds will be used to further advance Benson Hill's CropOS computational platform, and to develop other promising product candidates for increasing crop yields. CropOS is a cognitive engine that uses machine learning to predict crop traits in support of breeding, genome editing, and transgenic efforts.
Customers who have adopted the platform include seed company Beck's, the National Corn Growers Association, and the Donald Danforth Plant Science Center.
"With this round of financing, our investor base is joined by a capable and strategically minded group of organizations that recognize the immense challenges and opportunities facing the food and agricultural industry," Benson Hill CEO and Cofounder Matthew Crisp said in a statement.